The PROBLEMS With Buy Now Pay Later (Uncovering Hidden Traps & How To Avoid Them)

In this video, I share 10 things I’ve stopped spending money on to save and make more money.

Buy Now, Pay Later (BNPL) has surged in popularity and as the cost of living crisis worsens, more and more people are turning to services like these. But research shows the majority don’t fully understand how BNPL works and what they are signing up for. Some are spiraling into debt, others are hurting their credit score. In this video, I’ll explain the 5 Buy now pay later traps to watch out for, my opinion on whether buying now and paying later is the best financial decision and, I’ll also share some tips to protect yourself if you decide to use services like these. 🧡✨

Timestamps
00:00 Intro
00:51 Trap 1
02:28 Trap 2
03:42 Trap 3
05:13 Trap 4
06:26 Trap 5
07:37 My Take
07:59 Tips to stay safe
09:40 Outro
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DISCLAIMERS & DISCLOSURES

This content is for education and entertainment purposes only. Maya does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.

Тэги:

#Buy_now_pay_later #Debt #Debt_Free_Millennials #Debt_Free #BNPL_debt #Klarna #Afterpay #Sezzle #Affirm #BNPL_traps #why_you_shouldn't_use_bnpl #the_dangers_of_bnpl #what_is_buy_now_pay_later #is_bnpl_bad? #buy_now_pay_later_no_credit_check #buy_now_pay_later_credit_check #Personal_finance #Financial_education #Financial_concepts

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