this post was submitted on 27 Apr 2024
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Asklemmy

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[–] [email protected] 1 points 6 months ago* (last edited 6 months ago) (2 children)

Collect what you're owed as soon as you can.

Ok, with you so far.

Pay what you owe as late as you can.

But if there’s interest, this is going to screw me over as I’ll have to pay more interest (on a CC / etc)

What am I missing with the second one?

[–] [email protected] 2 points 6 months ago

outlive your creditors in an unstable land?

[–] [email protected] 2 points 6 months ago (1 children)

It's more about non interest scenarios. If payment isn't due for 30 days, you wait 30 days to pay. If it's a place that won't fight you, wait 40 and then pay.

Companies do this all the time.

[–] [email protected] 1 points 6 months ago

That makes sense; I figured that was the case but OP never said that.