
“It’s amazing how fast later comes when you buy now.” - Milton Berle
Everybody loves a bargain. And passing one up because the funds aren’t available can sometimes mean missing out on something good (needed or not). I’m sure most of you can relate. In the past, this might have meant putting the purchase on the old credit card or stuffing it away on a layaway program.
But recently, a new way to buy stuff (sort of) and pay for it later has popped up, which some folks are seeing as a good deal (sort of). The programs are called “buy now pay later” (BNPL) – a self-explained moniker.
Now, BNPLs are growing in popularity and do have upsides – mostly convenient shopping with interest-easy financing and no strict approval requirements.
However, they also make it effortless to over-shop, overspend, and get in over your head with credit problems.
Are BNPLs dangerous or good deals? Well, a little bit of both. So, here’s what to beware of and how to utilize one of these pro
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