Have you seen — or used — those popular buy now, pay later apps? They seem to be on almost every website as an easy way to split your purchase into several payments, all interest-free. As tempting as it may be, the downsides might hurt your wallet in the long run. While paying in installments with no interest might work out for the best for some purchases, it can also lead to a habit of overspending. Today our roundtable discusses a piece about these popular apps. Our roundtable consists of Tom Cock from Talking Real Money, Paula Pant from Afford Anything, and Doc G from Earn & Invest. They share their thoughts on buy now, pay later, and offer advice to skip these all together. Diania Merriam is filling in for Doug and she’s sharing her spectacular trivia today.
Our Topic: Buy Now, Pay Later
Hidden Dangers of Buy Now, Pay Later Apps (Frugal Rules)
A big thanks to our contributors! You can check out more links for our guests below.
Another thanks to Tom for joining our contributors this week! Hear more from Tom and his co-host Don McDonald on their show, Talking Real Money.
Check Out Paula’s site and amazing podcast: AffordAnything.com
Follow Paula on Twitter: @AffordAnything
Check Out Doc G’s site and podcast at: Earn & Invest
Join Doc G’s podcast community here: Earn & Invest Facebook Group
You can keep up with the latest from Doc G on Twitter: @earnaninvest
To learn more about Diania, visit her website.
Doug’s Game Show Trivia
- What year did the second Star Wars movie, The Empire Strikes Back, come out?
A big thanks to our contributors for sharing their thoughts on buy now, pay later apps!
Miss our last show? Check it out here: The Huge Tax-Savings Case For Frugality plus 3 Inspiring Stacker Community Stories
Written by: Brooke Miller