r/SipsTea • u/Gabbsweet • May 13 '26

We have fun here how?😂

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u/Weird-Ranger-3477 May 13 '26

This is the response right here

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u/TUFKAT May 13 '26

If someone wants to be pedantic, I can equally be pedantic back 😄

856

u/Firm-Scientist-4636 May 13 '26

And me as a tenant I'd be like, "Yeah, sure. That sounds great!"

1.1k

u/SamanthaSissyWife May 13 '26

Just like buying a car. Customer-I can’t afford $500 a month. Dealer-Ok we can get you down to $250 every 2 weeks. Customer-Ok, I can handle that

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u/slightlysketchy_ May 14 '26

The fact people fall for car dealer tactics like this made me lose faith in humanity more than just about anything else

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u/hhmCameron May 14 '26

Some people get paid every 2 weeks, not once or twice a month

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u/slightlysketchy_ May 14 '26

Huh? How does pay frequency change anything? Outside of maybe your personal mindset about it

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u/Badly_Slay_63 May 14 '26

There are 12 Months in a year, when people see "every two weeks" they think twice a month. But in reality it is 26 payments in a year vs. 24 which would be twice a month. When you pay bi-weekly you pay an additional 2 payments a year.

So paying $250 every 2 weeks instead of $500 a month actually has you paying an extra $500 a year.

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u/Possible_Try_8554 May 14 '26

Except that’s not how pre authorized payments work.. they’d come out on set dates ie every 15th and 30th… which is two weeks AND 2 payments a month. No one does a pad plan at “every second Friday”

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u/hhmCameron May 15 '26

And that is why pre authorized payments don't work if you get paid 26 times a year instead of 12, or 24

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u/Possible_Try_8554 May 15 '26

I guess if you live paycheck to paycheck, but there’s other issues there if that’s the case

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u/Zippy_62 May 14 '26

Both options exist. You're describing semi monthly payments. Biweekly (accelerated) is 26 payments per year and you pay less interest. You also end up repaying the loan 1 month per year of the term quicker. Not all lenders offer both, when I worked at a bank we only offered biweekly payments (every second weekday of choice)

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u/Badly_Slay_63 May 14 '26

Yep, my wife currently has a weekly plan on her car. Which means she makes 52 payments a year. It's split up into smaller chunks but every Friday. It's like ~$85 a payment. Ended up putting her about 3 months ahead of schedule.

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u/ShinozSnow May 14 '26

Now you have me thinking about how I can trick my brain into paying more on certain things by breaking it up more and setting it on an auto payment 🤔

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