Recent comments in /f/iphone

hawkiron t1_j8ruixt wrote

Reply to comment by monty_burns in Apple Pay Later nears launch, company will use past spending with Apple to evaluate creditworthiness. by SUPRVLLAN

As a really basic example, say you have $1200 and you want to buy something that costs $1200. You can either pay $1200 upfront, or you can pay it in $100 no interest installments over a year. If you choose to pay in installments, you can leave the rest of the money in a high-yield savings account and collect interest on it over that year, rather than handing it over right away. This means you can buy the thing you want without sacrificing the full opportunity cost of the money over the period.

Apple loses the opportunity value of getting that money upfront, but they guarantee you are committed to the purchase regardless. Further, it also allows them to secure future earnings from people who couldn't immediately afford a large purchase, like someone who doesn't have $1200 upfront, but has $100 disposable income a month. That person may have decided to forego a purchase altogether or buy something cheaper if not for the option.

10

0000GKP t1_j8rkyd8 wrote

Reply to comment by BluePeriod_ in Apple Pay Later nears launch, company will use past spending with Apple to evaluate creditworthiness. by SUPRVLLAN

>For example, my microwave died and I didn’t want to drop all that $500 at once and I didn’t want to carry a balance on my credit card so I paid for it on my pay day using Pay in 4 with another system and it worked out.
>
>Another was with my car insurance. There’s a $430 discount for paying the premium up front vs monthly. So I just threw the whole thing on Pay in 4 and got the discounted rate.

Budgeting and saving take care of both of these.

I have a "home" category in my savings account. I throw a few dollars in there every month. There's enough to cover new appliances if they break.

I already know the annual premium for my car insurance is $1400. 1400/12 = $116, so that's how much I save into my car insurance category every month.

1

mukkyshic t1_j8rj7xd wrote

Reply to Would you advise use of a screen protector for iPhones? by EscCtrlAltGr

Yes yes yes,don’t let anyone tell you otherwise a screen protector is always a great choice

My phone fell last week,and was scared it was the screen but luckily it was my screen guard

Also if there’s a chance of scratches getting on the screen with a screen protector you’re safe

1