[leetcrew]

there's a third situation. suppose I spend roughly the same amount of money every month as I earn. on paper, this means that I should be treading water, at least. but my wages actually hit my bank account a week after the end of each pay period. in the worst case scenario, I won't see my first paycheck until about three weeks after my first day of work. at the very least, this cuts into my savings, but could leave me permanently in the hole as late fees stack up, even though my income matches my spending! a different version of this problem can occur in any month where paydays and bill due dates fall in the wrong sequence.

credit-worthy people can easily fix this issue with credit cards, which fix the paid-in-arrears issue, and also smooth out spiky intra-month cashflow. but I can see this product being very useful for people who can't get credit cards or don't feel responsible enough to use one.