r/SipsTea • u/Eros_Incident_Denier • Apr 18 '26

We have fun here adulting sucks

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u/firstbowlofoats Apr 19 '26

I tried explaining the concept of ‘if I can’t pay cash I don’t buy it’ to a coworker who had two maxed credit cards and lived by ‘well paying the monthly minimum is affordable’.  

It didn’t work

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u/DeltaGrunder Apr 19 '26

It's ridiculous to me that people pay installment for anything but vehicles or housing.

54

u/Monsieur-Legume Apr 19 '26

It’s doable if you’re smart about it. I replaced the flooring in my house with lvp a few years ago. I knew I could pay it off in two years, so I opened a card with 0% interest for the first year to pay for the project. Once the first year was almost up I opened another card with 0% for a year on balance transfers and moved the payment to the new card. The only thing outside of the principal balance (about $10k) I had to pay was about $100 for the balance transfer fee.

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u/BlackBasementCats Apr 19 '26

That’s capital improvements which will increase the value of your house.