Buy Now Pay Later: Is it Good or Bad?

Buy Now Pay Later: Is it Good or Bad?

Buy now and pay later. Or not? That’s a good question. Buy now, pay later is a consumer trend that’s growing in popularity. Many online retailers are offering the option to buy your items now and make payments on them later. Some may see this as a buying trend while others think it’s here to stay. Jarod Taylor is on the show to talk about buy now, pay later with me. Jarod is an Accredited Financial Counselor and the Certification Program Manager for AFCPE. He guides candidates through the AFC certification process, connects organizations with the appropriate training for their teams, and assists professionals in maintaining their certification. Jarod breaks down what buy now, pay later is, how it works and whether it’s a good or a bad thing. Plus he shares personal finances tips to be smart about using buy now, pay later. I may have squeezed my two cents on the subject in there too!

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Thank you to Navy Federal for providing support to the Military Money Show. When you become a member of Navy Federal Credit Union, life gets better. To learn more about their car buying experience, you can visit navyfederal.org/carbuying.

Buy Now, Pay Later Episode Details

  • How buy now, pay later works
  • Different versions of the buy now, pay later concept
  • Why it’s different from a credit card
  • The connection with unhealthy spending habits
  • Influence of social media on the trend
  • New options in receiving paycheck early
  • Tips if you plan on using buy now, pay later
  • Mistakes to avoid in the process
Related content: Preparing to Buy a Home

Buy Now, Pay Later Resources

More podcast: What You Need to Know About Inflation 

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Buy now, pay later is a consumer trend to buy your items now and make payments on them later. Here's what you should know before you buy.

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