Zoomers are slightly wary of credit cards nowadays, but really love "buy now pay later", which is probably worse in many ways than your basic credit card. Unlike owning credit cards responsibly, BNPL/installment plans can hurt your credit and drown you in fines and fees, but you won't even get cashback or a good credit score if you do it all correctly.
https://www.businessinsider.com/millennial-gen-z-travel-debt-affirm-klarna-credit-cards-2024-8 (
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"I don't want my finances and economic status to be the reason I can't have fun, live life, and be cute," Roby told BI. "I want to live my life and worry about the specifics later."
But her secret sauce to affording traveling isn't just putting big payments on new cards. It's also buy now, pay later services like Affirm and Klarna, which she said she uses for almost every purchase, whether Instacart, supplies from Petco for her two guinea pigs, or "impulse purchases at Sandy Liang."
Some flights, such as a trip to New Orleans in 2023, and Airbnbs, like the one she had booked for her trip back to Seoul.
And she's not alone — 16% of millennial and Gen Z travelers said they were considering using these services to fund their summer vacation, according to a recent Credit Karma report, which surveyed 2,006 adults online from June 6 to 8.
"I can't afford a $4,000 trip right off the bat, but if you split it up across six months, I could probably make that work," Roby said. "I am treating my childhood self to things I wasn't afforded, and also current me because I want to go on a vacation too."
'For now, it's going to be credit cards and Klarna until I die.'
However I found other articles saying this is overblown, and the primary users of BNPL like Affirm, Klarna, and Paypal Credit (I think Amazon, Walmart, and Ulta offer installment plans too) are more in their 30s+ and that zoomers got wise to Klarna being scammy very fast.
https://www.businessinsider.com/gen-z-prefers-cash-buy-now-pay-later-survey-says-2025-2 (
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Daily Pay and paycheck advance programs are also growing in popularity due to more and more employers using online payroll products like ADP that easily support them and may even mislead zoomers new to the workplace into thinking it's normal/they have to sign up.
https://fortune.com/2022/07/05/gen-z-wants-daily-paycheck-pros-cons/
DailyPay’s user data has reflected Gen Z’s growing interest in on-demand pay for over five years, Walden says. If people can send money to friends instantly via Cash App or Venmo, she reasons, why can’t employers pay workers real-time after each shift?
But a daily paycheck has a catch. Unless employers cap on-demand pay at a low amount, employees may need consistent early access to their pay to make up the difference of their reduced paychecks. A 1,000-person survey conducted by GOBankingRates found that 40% of Americans who get paid every day live paycheck to paycheck, and 34% have nothing in savings at all.
“Workers that receive their wages daily tend to spend it immediately upon receipt and live on a day-to-day basis,” Salvador Gonzalez, an auditor and accountant, told Yahoo. “People that earn a daily paycheck are less likely [than workers paid biweekly] to have bank accounts, save, or build assets.”
If you have young people in your life entering the workforce, or you are unaware of what buy-now-pay-later, installment plans, and advance pay products are, you should learn to avoid the traps.
People who run out of money between paychecks use these sorts of tools to spend more money without feeling like they're going broke. Then they are usually shocked beyond belief when their paycheck is a pittance because they took it all out early, or it immediately needs to go to all their installments. They spend next month's grocery money to pay for this month's and don't see the problem.
Also please enjoy this scary "your therapist wants to talk about this" bedroom that scared r/Maximalism. I think this person smokes weed in this room. Just imagine. No, I don't want to....
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I think the limit to maximalism, for me, has to do with utility. It's not really so bad to have drawing as a hobby for pleasure, even if as an adult you want to draw with crayola markers and sticker sheets or whatever. But where could they even sit at a desk and have enough room for that shit? Their organizers are balanced on top of stacks of random shit. There's no way you could pick half the stuff off the shelves without knocking a bunch of other stuff around. And if you can never reasonably use your markers.... why have five sets of them?
From another thread they posted this list of her collections, however I think (not sure) this is a teen so I won't post the other cringe stuff they're putting on reddit. It seemed like most people agreed this was not really a good thing and goes beyond normal maximalism and collecting. I hate the sin not the sinner.
this is my room. the following is a list of my collections
keychains pins beads pens sharpies books figures magnets buttons pokemon littlest pet shops hello kitty sanrio in general gloomy bear living dead dolls rillakkuma ty beanie boos ty beanie babies jellycats squishmallows stitch sonic mlp calico critters hotwheels carebears little embers vintage electronics pusheen miscellaneous vintage toys cups candles bags strawberry shortcake barbie funkos lego vocaloid furbys shopkins b0ngs clipper lighters jewlery perfume fingerlings charmkins precious moments dr suess fidgets puzzles cards beetlejuice one piece furreal friends headphones hair clips pop ear hats spraypaint ripndip snoopy mario raccoons comics dvds zhu zhu pets zelfs
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I would not allow teenagers to do this. I think I'd introduce the rules we have at work, like for the fire marshal. Nothing obstructing cords like lamp cords and charging cables. Clear path to the door and window. Your shelves should not be able to trigger an avalanche. You should be able to live in the room, sit at a desk or have a second person in the room without needing to move shit out of the way.
The teen in question said money hasn't been an issue because most of the collections are acquired very cheapy through thrift shops or stuff being given away for free over Facebook, or gifted from people IRL. She seemed to think that was a point against her being a hoarder.... any knowledge with hoarding will tell you it's the exact opposite. Hoarders acquire things regardless of money, and often are drawn to free shit because it's so easy to acquire other people's junk, I mean "treasures that they're saving/limitless potential/hidden value/"etc.