Rich Girl Roundup: When to Avoid Using "Buy Now, Pay Later"—And When It Makes Sense

The Money with Katie Show

Money with Katie

Investing, How To, Self-improvement, Business, Education

4.8 • 1.3K Ratings

🗓️ 20 November 2023

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

More than 50% of American adults surveyed by The Motley Fool used "Buy Now, Pay Later" in 2021 and 2022—it's a common short-term financing option to make bigger purchases. So when should you use it, and when is it worth avoiding? Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week. Transcripts, show resources, production credits, and more can be found at https://moneywithkatie.com/rich-girl-roundup-buy-now-pay-later. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Rich Girl Roundup!
0:04.3	We love it!
0:06.9	Welcome back, Rich Girls and Boys, to the Rich Girl Roundup weekly discussion of the
0:11.4	Money with Katie Show.
0:12.6	As always, I'm your host, Katie Yaddi Tassan, and every Monday morning, Hanna and I dig
0:17.1	into an interesting, money, question, discussion, conundrum.
0:21.6	You name it.
0:22.9	Here's a quick message from our sponsors.
0:28.8	Even just a quick scroll on social media today will show you that e-commerce stores are abundant
0:34.1	in numbers.
0:35.1	But the question is, are they selling with the highest efficiency?
0:39.6	That part is pretty important!
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0:47.3	is the global business platform helping you sell everywhere and grow while you do it.
0:53.5	Shopify helps turn your browsers into buyers, with the internet's best converting checkout
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1:04.7	with less elbow grease.
1:06.8	Businesses that grow?
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1:15.4	case, that's Shopify.com slash Money with Katie to grow your business, no matter what
1:21.0	stage you're in.
	...

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