Investing General Discussion

What does "financed" even mean in that case? On a credit card as opposed to cash?

Kind of a silly stat. It's just another way of saying 95% of people who bought stuff on BF used a card instead of cash- which sounds about right for 2025. Especially when so many purchases are made online. Can't exactly pay with cash online.

Even the 67% is probably misleading. If you are carrying a balance on your card that exceeds what you spent on BF and don't fully pay it off, I'm sure you count as part of the 67%.

That said, economy is definitely weakening, there are much better indicators flashing red.

My position on this is similar. Who tf uses cash these days? I use my rewards CC for everything. Literally just tap my watch or phone to pay for a simple purchase as a pack of gum or cup of coffee. Every 2 weeks, I pay the balance in full. Never accrue interest.

I actually put nearly 100% of my day to day stuff on a CC, because of the point systems we all talk about. id be foolish not to. I also save a random 1-3% on stuff because of CC programs that randomly pop up. 2% cash back at circle K, 10 back at wine-insiders….etc

Jysin said:

My position on this is similar. Who tf uses cash these days? I use my rewards CC for everything. Literally just tap my watch or phone to pay for a simple purchase as a pack of gum or cup of coffee. Every 2 weeks, I pay the balance in full. Never accrue interest.

Click to expand...

I got my first credit card before I was old enough to drink. I haven't made a large cash purchase (outside of cars and homes) since then. All my daily/misc purchases go on a card. Pay it off right away, get rewards of various types.

I keep some cash in the wallet in case payment systems go down, and I keep a stash of cash at home, but I don't use it in regular commerce at all.

Paid my own way through college and I didn't live at home, so even though I worked the whole time, I came out of college with 10k on a cc.

First year out of school I began to understand the debt trap, as I was paying a couple hundred a month on the card and still not making a dent bc of the interest. Felt absolutely awful.

I got very lucky and randomly came into a 10k gift and spent every penny of it to fully pay off the card, even though I had an old beater car and most of my clothes were still from the early/mid 90s.

After I paid off that card (which i still have) I said never fucking again am I going to pay a dime of cc interest. And I never have.

Like others, i use a cc for almost all my purchses for rewards, but I pay it off every month without exception.

Furry said:

How do they know so many don't intend to pay it off in 30 days. I do almost all of my discretionary spending on CCs, its just free money between the 1-5% back, the points, and the arbitrage of not having to pay for ~30-60 days before interest accrues. If you pay your CCs off 100% of the time every time its a no brainer.

Click to expand...

Who knows where they come up with this stat but probably just reverse-engineered payment-plan selection data.