The 'buy now, pay later' bubble is about to burst
I don&#x27;t get it.. There&#x27;s a childrens song in Denmark, it&#x27;s lyrics go, roughly translated &quot;and if you have money, then you can have, but have you none, then you may go!&quot; (it&#x27;s about buying bread at the bakery)..<p>When I see how people spend money they don&#x27;t have, I&#x27;m always wondering if their parents never sang for them when they were young, or if they are of a particular dim nature.<p>Sure, I can see why some people would take out a loan for big things like a house.. But for just about everything else? No. Either you can afford it or you can&#x27;t.<p>&quot;But I need a car!&quot; Yes, but you don&#x27;t need a car you can&#x27;t save up for, you need a car you CAN save up for.<p>&quot;But old cars break down and are expensive to get repaired&quot; Yes, but you don&#x27;t have money to pay someone else to repair it, old cars have cheap parts and are relatively simpler to repair, learn how to do it, you&#x27;re not in a position to be fussy about what skills are beneath you if you can&#x27;t pay someone else to do it, stop thinking so highly of yourself and get to it!<p>When I see the option to finance a sandwich, my brain just melts.. No! If you don&#x27;t have money for fast-food, then go to the grocery store and buy the ingredients yourself, you can make a weeks worth of sandwiches for what one ready-made one cost.