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Can "Buy Now, Pay Later" lead to money problems?

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Manage episode 523284819 series 6050
Content provided by CBC. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by CBC or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

As we all gear up to spend money on gifts this holiday season — we might be tempted by the many retailers offering some sort of "buy now, pay later" program at their online checkout. Recently, Paypal has started offering it in Canada. And while it can be appealing, as an interest-free way to purchase big-ticket items, financial experts Shannon Lee Simmons and Bruce Sellery warn that it can also lead to overspending — as we indulge in an ever-escalating list of "wants" as opposed to "needs."

  continue reading

6960 episodes

Artwork
iconShare
 
Manage episode 523284819 series 6050
Content provided by CBC. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by CBC or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

As we all gear up to spend money on gifts this holiday season — we might be tempted by the many retailers offering some sort of "buy now, pay later" program at their online checkout. Recently, Paypal has started offering it in Canada. And while it can be appealing, as an interest-free way to purchase big-ticket items, financial experts Shannon Lee Simmons and Bruce Sellery warn that it can also lead to overspending — as we indulge in an ever-escalating list of "wants" as opposed to "needs."

  continue reading

6960 episodes

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