Re:Would You Take Out a Loan for a Pair of Jeans? (2017)
by fknorangesite on Friday May 13, 2022 @03:19PM
(#31371543)
> Why not just put it into my own savings account and at least get interest on it?
Because if it's immediately available in a savings account, the vast majority of people are much more likely to spend it on something else. The appeal of layaway is the willpower enforcement - worth the price of whatever pocket change you're likely to get in savings-account interest.
Because if it's immediately available in a savings account, the vast majority of people are much more likely to spend it on something else. The appeal of layaway is the willpower enforcement - worth the price of whatever pocket change you're likely to get in savings-account interest.