Home Finance Guru
| Register
Banner






Ask 2 Experts
 
1. Til Debt Do Us Part
2. Recession-Proof Your Relationship!
3. How To Host A Budget Friendly Adult Birthday Party
4. How To Live Large Without Breaking the Bank
5. World Changing Couples
6. Top 10 Power Couples of All Time
7. Sweetie, Want to Run a Business Together?
8. Q&A: Money Expert Jacquette M. Timmons
9. Take This Career and Shove It!
10. Budget Boot Camp
Advertise With Us!
 
Q: What do you think of Buy Now Pay Later options?

Photograph of financing billboard ad.Diana says....
Personally, I’d run the other way when it comes to Buy Now Pay Later. It’s more like Buy Now Suffer Later if you don’t have the money. I think most of us are optimists and believe we’ll have more money next year. It usually doesn’t happen—unless you inherit a windfall. It’s too easy to rack up debt in the future with a Pay Later plan. Most likely, by the time the first Pay Later bill rolls in, you’ll have other expenses that will need to be dealt with. So hold off and save up for an item until you can pay for it in cash, or at least be able to pay off the bill within a month.

Diana Cawfield is an award-winning financial writer with more than 10 years experience. Send her your questions here.