I didn’t know him very well personally, but there was somebody in my circle of acquaintances who I heard was in the habit of doing things like buying a new gaming console and then realizing that he didn’t have the money to pay his rent because of that. Then he’d sell it to someone for substantially less than the original price, so that he’d get at least some money quickly. Then he’d repeat essentially the same process a few months later.
Apparently his “friends” liked him because they’d get cheap stuff from him. I imagine that he would have been very easy to provoke into buying something (and thus selling it off later), but if anybody I knew was doing that intentionally, they never admitted it to me.
Not what you’re looking for, but:
I didn’t know him very well personally, but there was somebody in my circle of acquaintances who I heard was in the habit of doing things like buying a new gaming console and then realizing that he didn’t have the money to pay his rent because of that. Then he’d sell it to someone for substantially less than the original price, so that he’d get at least some money quickly. Then he’d repeat essentially the same process a few months later.
Apparently his “friends” liked him because they’d get cheap stuff from him. I imagine that he would have been very easy to provoke into buying something (and thus selling it off later), but if anybody I knew was doing that intentionally, they never admitted it to me.
Sounds like a case of extreme discounting or a very close planning horizon.
From your description, he sounds merely bad at budgeting.