Why You Should NEVER Use Buy Now, Pay Later

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Why You Should NEVER Use Buy Now, Pay Later

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Social Symone ♡

Күн бұрын

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@SocialSymone Ай бұрын

Does buy now pay later have you or someone you know in a cholehold? Are you for or against it? Also what percent is you phone 🔋 on? I'm on 83% it's 6:30 p.m. 😎

@vvitch-mist20 Ай бұрын

I remember talking to a customer who said she always used buy now pay later. I've used it a couple of times but it was for large purchases kinda outside my budget but vital. Like when my daughter broke my bed and I needed to get a new one lol. But usually if something is under $100 I pay it out of pocket.

@brittany16950 Ай бұрын

Good on you not being on your phone all day, that’s impressive!

@SocialSymone Ай бұрын

@@vvitch-mist20 Yeah a lot of people love by now pay later options but for non necessities. And how did your daughter break your bed 😂 I'm sorry I just wasn't expecting that comment and curious

@vvitch-mist20 Ай бұрын

@@SocialSymone She used it as a slide, and jumping on it. It was actually something my grandmother had from the 60s, so it was already kinda falling apart. When you got kids you have all kinds of wild, yet also mundane stories lol.

@YAHWEHSCHILD3 Ай бұрын

Im on 84%

@afrodiziakchiika Ай бұрын

I remember the days when these pay later programs were for ovens, fridges and big purchases. We definitely lost the plot 😭

@thepatshowonwp Ай бұрын

I do, too!

@May-qb3vx Ай бұрын

Layaway

@thepatshowonwp Ай бұрын

@@May-qb3vx that's all it is, but with loan sharks!💯

@sophiagil6009 Ай бұрын

Yes! The only thing I saw on here that made sense was the walking pad

@heather4327 Ай бұрын

I mean until businesses stop charging an arm, leg, and first born for their products, we wouldn't need to use it.

@tarruscarter5863 Ай бұрын

I bought a pizza off Papa John’s a few years back, and they had a Buy now Pay later option. I was like, if you have to make payments on a pizza, you’re down horrendously 😂😂

@motivatedreyna9131 Ай бұрын

😂😂😂

@ShyShyRich Ай бұрын

This made me laugh too hard 😂😂

@flohough1870 Ай бұрын

Totally. Time for ramen.

@fatonyalmitchell3281 Ай бұрын

How does that even happen

@noworries8423 Ай бұрын

Sad fact is some people are down that bad

@domini384 Ай бұрын

People need to learn the hard lesson of delayed gratification

@tonyahenry4167 Ай бұрын

Absolutely

@elenam9435 Ай бұрын

More like a budget!!😂😂

@domini384 Ай бұрын

@@elenam9435 True that naturally comes with it

@4plywhenicry Ай бұрын

Yup, I did. I went to 6 flags and put it on a credit card and due to interest I was suddenly $4k in debt. Because interest was $100/month and I didn’t have much money, it took 3 years to pay off. Now, I’m completely debt free and buy everything outright. It was a good lesson learned.

@chey6073 10 күн бұрын

⁠@@4plywhenicryCredit cards are awful

@yesiamsharon Ай бұрын

I am a woman. I am good with math. I wish these adults would stop giving us women a bad rep for not being able to do math because some women chose not to be responsible.

@lovelyhumbug8371 Ай бұрын

Agreed. I am in charge of my household finances and a lot of women are. I don’t know why people think it’s a trend that women are bad with money. A lot of women manage the finances for their families. I am financially literate

@casy6203 Ай бұрын

Meh I don’t care I’m not like that so I just don’t associate with that🤷🏽‍♀️

@canesugar911 Ай бұрын

Girl math started as a joke. It's not our fault some people choose to be stupid. It's not that deep

@Mysticbladegod Ай бұрын

Preach

@JenSumma Ай бұрын

Same here

@oliviagreen8853 Ай бұрын

Their $9 chipotle bowl is gonna be an $86 chipotle bowl with all that interest 😂

@annababana Ай бұрын

When I was in my 20s I used to joke that I was thankful that I liked cheap beer, because PBR was always $2 a pint.... I was in massive credit card debt, and I realized each $2 beer was actually $10 a beer by the time I paid it off.... 😅

@ninabeena83 Ай бұрын

Part of the lure is there’s no interest. Until you’re late….then fees

@MightyWarriorCoalition Ай бұрын

As long as you make the payments on time there is no interest.

@MicaDzignz Ай бұрын

😂😂

@Acteaon Ай бұрын

Ahhh let them be. Let them learn the hard way.

@crazybrunette88 Ай бұрын

I use Afterpay occasionally. Like when my son needs school books and money is tight. NOT on a cruise or a huge shopping spree.

@lauraackles8205 Ай бұрын

Afterpay isn’t that bad because you have to pay it in 2 months.

@laur83 Ай бұрын

i haven’t used these services as i’m hesitant of them but occasional use that you pay off in time so you don’t accrue any interest or at least very much interest, seems fine. but the idea that everything can be paid for in this imaginary land of “later” can be really appealing and drag people into bad debt.

@audreyandrea460 Ай бұрын

My piano is in disrepair so I had to set up a keyboard to practice, but there isn’t enough light where the keyboard sits to see the music very well. I’m thinking of buying a lamp and putting it on Afterpay because, well, I kind of need to see what I’m doing. I think that financing was originally used for this very thing - appliances and furniture that one needed.

@MightyWarriorCoalition Ай бұрын

@@laur83long as you make the payments as scheduled there won’t be interest.

@so.many.obstacles Ай бұрын

School books can be bought used and borrowed. When I was in school, I never bought a new book. They charged $200 for a psychology book. I found it used for $40. Even if the edition is different, the book is still viable.

@Carefreeblkjawn Ай бұрын

I used affirm to buy my peloton 5 years ago and paid it off in a year. I love it and still use it but for a $9 for a chipotle bowl is absolutely insane.

@jacolagreene9870 Ай бұрын

Exactly, I did the same for my Peleton 3 years ago. And I still use it from time to time.

@MrsAlmightyKey Күн бұрын

Same, except mine was with Sony WH-1000XM4 Bluetooth headphones! And the fact that they have "buy now, pay later" options for food now is wild!!!!

@livingbeyondvision4863 Ай бұрын

My general rule: If you don't have the money, right out to buy something, don't buy it! I purchase everything by cash/debit. I never put anything on credit payments, including furniture and appliances. I save and buy it straight out. If I don't have the money, I do without. I don't even use a credit card. The only 2 things that I finance is my house and my car....nothing else. Oh, and my son's parent/student college loan, that's it.

@zzzarkka Ай бұрын

Financing that car is also very stupid btw. The only thing you should finance is a home. Period.

@badbettybooks4001 Ай бұрын

Agreed - I have never financed anything. If I can't afford it, I don't get it. The only purchase I would consider financing is a house, and even then I am trying to amass a large down payment with the plan to pay off the house fast. I am sure you can agree that life is less stressful when you don't owe anybody anything!

@casy6203 Ай бұрын

I got my crown on credit and it’s all paid off, no interest because I made the monthly payments on time! Now I have private insurance and it pays for those procedures!

@livingbeyondvision4863 Ай бұрын

@@zzzarkka Trust me, if I could buy a car cash, I would. I don't have $25,000 on hand. 🤷‍♀️

@MelanatednNature Ай бұрын

My father told me this very young. He still lives by it

@evaphillips2102 Ай бұрын

IN DEFENSE OF GIRL MATH it was supposed to be a “What would Elle Woods Do?” Kind of fun nod to girl culture where we like nice things but are smart enough to budget for it. “This dress is half off so if I buy four then I’ve only paid for two.” Ya know, real math. We definitely lost the plot along the way so it’s necessary to keep shaming these poor financial decisions, hopefully people will wake up sooner than later. Thank you for bringing these issues to our attention.

@blueskysummit6153 22 күн бұрын

Elle Woods is a fictional character. Why is anyone trying to live real life based on a fictional character? People are brain-dead and deserve to be in debt.

@debbieframpton3857 7 күн бұрын

I'll buy my four at the thrift store or garage sale that's like buying four for the price of one

@Tential1 7 күн бұрын

Rofl, if you bought 4 you paid for 4. Lol. Even when yall try.... Hilarious

@cai3886 6 күн бұрын

@@Tential1 Of course, dude, duh. But for the price of two is the “girl math” part. Try again.

@maddiemaccheese8170 Ай бұрын

Personal Finance should be a pre-requisite for a high school diploma in all 50 states!!! At my high school, our Personal Finance class was an alternative senior math credit for those who weren't taking Algebra II or AP Calc. I took it and my AP friends made fun of me for taking the "slacker's math class". Well guess what, I graduated college debt free, became an accountant, and am saving more money than I ever thought possible. Most of the people who didn't take the class are in crippling debt and don't understand credit. That class was fundamental in my life and my state should be ashamed that they haven't made it mandatory. This is how America stays in debt.

@SocialSymone Ай бұрын

I agree 1000% One of my most helpful classes I took in high school was in economics class and it was an elective during my senior year. This class was the most influential in my opinion. I remember what my economics teacher was teaching us about credit cards and debt cd's, interest rates etc. There were a lot of people in the class that were not paying attention but she would stress how you can really mess up your life as an adult with debt. That class for sure should have been mandatory. I truly believe these classes are not because it pays for people not to know. ( Certain businesses and economies thrive off of the lack of knowledge of the people) Sidenote note I am glad that you actually Paid attention and your life is a reflection of that. 💕💕💕

@seadragon1456 Ай бұрын

I agree!! In MO I took a semester of PF. That included balancing a check book and avoiding high interest rates on CCs. Sure wish they would have explained actual personal finances. Like how car loans and mortgages worked. They should teach all teenagers how to invest too. Why isn’t that a thing?

@hitokiridarkempress Ай бұрын

That's how corporate America gets their slav- I mean "loyal employees"

@Eowynd Ай бұрын

In countries like Finland there is a mandatory class like that

@Yaberlee Ай бұрын

But then if that was a requirement these companies wouldn't make any money would they? So why reinforce something positive for the consumers, when they know they will lose lots more? I'm not saying its right for them to not do this... Im just saying its definitely unlikely they would as the loss would be too big for them. They're a business after all.

@kelseysreborns Ай бұрын

I always use buy now / pay later for bigger purchases over $200 ,but i always end up paying it off before the due date . Sometimes im in between check and need something or sometimes i want to secure a specific ticket or spot or hotel etc .The key is to never spend nore than your comfortably able to pay back. Also i usually have the money saved up ,but the last bit seems to always be due liej a day before my check comes in.So i buy now and pay later and when i get paid, i pay it off. Also ,helps me build credit cause, i had none paying in cash all the time.

@DemosthenesKar 14 күн бұрын

You need to get an emergency fund at least 3 months of living expenses though

@coye9r 6 күн бұрын

It needs to be 0 percent apr. Also I would start an emergency

@cameronlooper5128 Ай бұрын

It’s all a mind game. People like payments because it fogs your perception of affordability, which then will cause you to overspend 90% of the time. Most people who only would spend $1,000 cash on a couch will spend $2,000 on one if they can finance it because the payments hurt less. Corporations are aware of this. This is why they don’t mind offering you 0 interest…it’s all a mind game and corporations are winning.

@karalyndeel 12 күн бұрын

Unfortunately, this is a sad reality that many people don't realize. Interest hurts so much and people don't realize it until they check the math. For example, if you're paying $25 every month on your credit card bill that is $1,000, it looks like you'll pay it off in 40 months. However, after looking at your statement, you'll see the APR (the interest rate) be added AFTER you pay your monthly bill, which was $20. So, you're actually only paying $5 off of your credit card bill each month. Making it so you will pay off the credit card bill in 200 months.

@bevtu8764 Ай бұрын

I have a friend who travels the world. It’s truly inspiring. She asked me to attend one of these trips but I declined and explained that it’s not in my budget. She explained the afterpay option and explained she uses it for EVERYTHING! Travel, bills, etc! I’ve never asked her if she’s in debt (not my business) but I can only imagine 😢

@delroy0 Ай бұрын

Oh she's in debt big time 😂😂😂

@bevtu8764 Ай бұрын

@@delroy0 I just LOL reading your comment!

@AlexisBii Ай бұрын

She IS 100% in debt. Dont doubt that for a second!!!! There’s no other reason why she’d be using it!! Be safe yall 😭😭😭😭

@GothicBookLover Ай бұрын

She's in debt...question is how deep in debt she is. This also a millennial problem since all of my guy friends have confided to me how in debt they are (gotta so those big trips monthly after all 🙄

@sp123 Ай бұрын

@@GothicBookLoverif getting in debt keep social circles and relationships strong, it's 100% worth it. There's a lot of old well off people with no friends because you can't buy that when you're old and wrinkly.

@Brett.Alexandria Ай бұрын

If you can’t afford a chipotle burrito and you have to use KLARNA or AFTERPAY to buy your food is insane 💀😭😂

@ItsJC-gu3jz Ай бұрын

trueeee, the food is good but not enough to pay monthly for it like?!

@nyaintunyaintu509 Ай бұрын

That’s way too irresponsible!

@privateaccount1998 Ай бұрын

A lot of people are literally struggling right now because everything is so expensive, I don’t think they have a choice at this point.

@favouro6344 Ай бұрын

Chipotle is a choice 😂😂. Essential groceries are not. @@privateaccount1998

@Emm325 Ай бұрын

@@privateaccount1998yeah they do, stop eating out, and stop using these apps as the amount the end up paying once it’s all said and done could’ve paid for a month’s worth of groceries, more than likely. Just because the economy and inflation is insane and life it tough doesn’t mean people have to give in and give up…that type of attitude takes may make a person feel better in the moment, but what it’s really doing is taking a away their power and ability to learn, make responsible decisions, and enjoy a better future. If it were easy, everyone would do it (budgeting and practicing self-discipline of not giving in to instant gratification when they cannot afford to) not worth having comes easy these days, financially speaking, but nothing is more important than having some sense of control and security, as much as one can. Of course, things that are out of our control happen all the time, so why not control the things that we can, because whether or not we choose to put fast food on a payment program sure as hell is one of them. Hope my mini book gave you some “food for thought” no pun intended.

@EldritchOtome Ай бұрын

To answer your question about where “girl math” came from, it started off as a joke among women to emphasize the complicated math they did to budget long term. Like originally it meant how GOOD women were at math. But then subtleties of it quickly got lost and it became a sexist joke about how bad women were at math, told by women.

@jaym6126 Ай бұрын

Girl math wasn't ever a good thing it was basically. Yes budgeting but a dragged out budget to justify bad purchases cause it just worked

@jamiejam9976 Ай бұрын

@@jaym6126expensive doesn't mean bad. Girl math used to be quality items that were worth the money

@somethingclever8916 Ай бұрын

it was excusing irresponsible and toxic behaviors and throwing "girl" on it.

@jamiejam9976 Ай бұрын

@@jaym6126 budgets are supposed to be long term tho

@jaym6126 Ай бұрын

@jamiejam9976 Yes, but it's not a budget it's a constant shift of bills. Shorting one or more to do other things.

@ray-de-yolisten9934 Ай бұрын

I just moved into a new apartment, and everybody is tryna tell me to go to a rent a center for furniture. I do not want more debt, and I read that it's a horrible financial decision. I'm gonna just save and buy when I have money.

@emoryrubyg9631 10 күн бұрын

This! I had the same thing happen with people suggesting things like that. Just a tip but when you're ready to start shopping, see if the furniture stores have a warehouse where you can buy things they had to pull from the stores. I got a solid dining room set for little money because the table had a scratch on it.

@Desertopals Ай бұрын

Girl math has to be one of the worst things women have bought into recently

@SocialSymone Ай бұрын

I agree, RETURN TO SENDER!!!

@RaspBerryPies Ай бұрын

Literally! I feel like they don’t realize it’s not only harmful but sexist too. Why are we saying something that makes no logical sense and has to usually do with shopping dumb shit automatically is a girl thing. Also it implies general good math is for men ugh Idk maybe I am looking too deep into it

@whyme7862 Ай бұрын

@@RaspBerryPiespeople are doing the same thing and saying "boy math"

@RaspBerryPies Ай бұрын

@@whyme7862 I have never seen that used. Not saying it isn’t but it isn’t nearly as popular as the girl math

@OhWell0 Ай бұрын

I don't buy BS.

@Life.Love.Locs. Ай бұрын

Side note: this "girl math" excuse is embarrassing. It just means you want to pretend that you don't know that you're overspending, when you clearly do. It also plays into the stereotype that "women aren't good with money" - ugh!

@SocialSymone Ай бұрын

I'm tired of it 😂 Also the phrase "the girlies that get it, get it" is annoying to me too. It just one of those mean girl phrases to me... Maybe it's just me, but people are free to say what they want..

@nonameface90 Ай бұрын

It truly makes me CRINGE. Yet it is spread widely, especially among younger demographic. In a way, I see it as a complimentary part to 'that girl'/main character aesthetic package, with extreme lack of self-awareness. I have Gen Z sister, myself I'm a millenial, we are coming from poverty, yet we couldn't be more different now when it comes to spending. She could be easily considered as 'high maintenance': never/rarely using public transport, cannot cook (always on takeout), multiple closets with clothes, accessories, makeup and skincare on more high end level while me, one who earns more, is mostly saving. Saving for the future, saving to travel. And don't get me wrong - although I'm not as pretty as her, I like to shop, shoes in particular, but if I want something, I do overtime to afford it.

@dbramm01 Ай бұрын

Yeah, it’s the same thing when people say “colored people time” and expect me to agree with them. Don’t denigrate the entire group to make yourself feel better.

@privateaccount1998 Ай бұрын

I hate the “I’m just a girl” phrase that’s popular now… I feel like it plays into stereotypes that make women seem inferior and incompetent

@evaphillips2102 Ай бұрын

Girl math was SUPPOSED to be women explaining LOGICALLY why what seems like a bad decision is actually a good decision. A “What Would Elle Woods Do?” Fun nod at girls culture (One dress is half off that means if I buy two dresses then I’ve only bought one dress…regular math) Like feminism in general the plot was lost along the way

@Sl33pysk1nz Ай бұрын

I literally had this conversation with my mom who is already in debt. She doesn’t understand that regardless if you pay it in full you’ve already accumulated so much interest you could’ve gotten two more rounds of groceries…it’s really hard to explain this sort of thing is not just free handouts…

@cocojo168 Ай бұрын

I use Afterpay RESPONSIBLY. I don't do multiple orders at once and I make sure things are completely paid off before starting other ones, and don't do it often.

@VanessaDove-p4j 2 күн бұрын

Yes right and I only use small amounts nothing over $100

@MrsAlmightyKey Күн бұрын

That part, and in my case if I do multiple orders, best believe I have calculated it beforehand and it's within my budget to do so!

@Life.Love.Locs. Ай бұрын

Buy now pay later is useful but you need to exercise SELF CONTROL with it! Here in the UK whenever I've used it, they send a reminder before the instalment is due, and even if you miss it, you can pay it manually the same day or the next day with no extra charge. You can also pay off early if you like. But if you default, the consequences can be disastrous. How do you order things without adding up when and how much you need to pay? And why blame the companies for your lack of self control?

@SocialSymone Ай бұрын

People will ball till they fall over here...LITERALLY 😂

@seadragon1456 Ай бұрын

People don’t have to money to buy the crap to begin with over here. So when the payment comes due they still don’t have the money. More people need to go cash! Cash budget to get back on track.

@kemikunle9360 Ай бұрын

I don’t entirely blame the companies, but please realize that everyone is on a different journey. Be happy you weren’t born with bipolar disorder, ADHD, or any psychological conditions from your upbringing. Life can be hard.

@shinstantramen5169 Ай бұрын

@@kemikunle9360RT on the adhd. Got diagnosed as an adult and now I have better control over my finances now, though it's still tough bc that's where the impulsivity comes in

@Life.Love.Locs. Ай бұрын

@@kemikunle9360 I have childhood trauma from growing up in poverty, and from emotional abuse and neglect. And in my 20s when I got a credit card I overspent and racked up debt. I did it because I got a sense of control from finally being able to wear clothes I LIKED (before then, I was forced to wear clothes I hated). I spent a long time in therapy to get myself healthier and my finances back on track - it took YEARS. I could have continued in that cycle without taking responsibility but I decided not to. I have worked with and studied neurodivergent people, so I understand that this is a difficult thing to control for them. But not everyone in debt has bipolar or ADHD! The girl in the video was quoting "girl math" while calling herself a "bad girl" for spending - she KNEW she was overspending. At some point we need to cut the crap and be honest with ourselves. I'm not perfect at finances, I'm still getting my sh*t together. And if someone has a developmental or mental health issue, I empathise. But let's not pretend that some people aren't out here wilfully racking up debt just because they don't want to be responsible.

@keibw Ай бұрын

It reminds me of the early 2000’s when I graduated high school and credit card companies were handing out cards to everybody. I messed my credit up early in life. This is the same thing.

@whitneywillie4471 Ай бұрын

Yep. I got a credit card bc they were giving out free pizzas 😭

@megsley Ай бұрын

I actually signed up for a discover card my freshman year of college and used it to build my credit - I made sure not to use it for dumb stuff and 20+ years later I've got a great credit score.

@keibw Ай бұрын

@@megsley i definitely didn’t use mine properly lol

@VexedGenX Ай бұрын

It took me years to rebound from that trap. Never again!

@Gabriellaella23 Ай бұрын

I was lucky that I got to learn from my parents. My mom told me to never get a credit card and if I did always pay it off immediately. I did that and my credit skyrocketed. It’s sad because my mom told me her credit has never been as high as mine. 😢😢😢

@Redwave2020 Ай бұрын

I like how you said it isn’t helpful to people if they aren’t responsible. That’s the key component: Responsibility. I’ve used affirm for a few things and it has helped a lot. But like you said people think they can buy whatever and however much they want . It’s just like credit cards. People get roped in and then end up with massive debt because they can’t afford it. Great video!

@nadia-pl4fj Ай бұрын

currently on a plan like this to pay off a 6-month language course, don't regret it at all its totally worth it but its Stressing meeee. a single thing first time in my life. how on earth ppl live like this constantly. still baffled that its SO common HOW

@IGot7RevtinyArmyStayOnceBlink Ай бұрын

…as someone who uses after pay and Klarna all the time I’ve never had any issues. 😂 I never missed a payment though and I have a high credit score so I do well with paying things back. I just love it but I tend to make large purchases but I be paying it off in the 4 payments with no issues. If your smart you can def use it in your favor 😂.especially with how hard it is to survive out here 😅 BUT this is not for everyone. If you have no real plan to pay it back you are PLAYING YOURSELF. This is a great message for people to hear.

@dreamchaser5758 Ай бұрын

But are you able to pursue other personal finance goals that contribute to stability? Emergency fund. Retirement. Leisure travel debt free. Paying off debt. BNPL enables mindless consumption

@SamSam-jp5zk Ай бұрын

Same! Interest 0% free payments for 4 months is a blessing to me. You able to use your cash elsewhere.. savings/investment 🤷🏽‍♀️

@esmec7342 Ай бұрын

Me too!!! Sometimes I just don’t want to buy anything out right even if I have the money. I always use my debit card on 4 pay. Never credit cards. It’s the same amount anyway, just divided by 4 every 2 weeks.

@mirimariana Ай бұрын

Yeah the people their really gojng after are the impulsive ones, cause as soon as you forgot about it once...😬

@Honeyjazz29 Ай бұрын

I use them all at times but for Christmas, I use Affirm ( Monthly payments).. I went hard.. I got the family a new PS5, new Xbox for each room ( We're heavy gamers), new cellphones, & laptops.. It was a 12 month payment plan all one bill.. I pay double each month so Im pretty much halfway done... I told them , dont expect much this Christmas 2024...😅😅😅I'm taking a breather😅😅... Yesss- they do definitely come in handy for certain purchases.. To be perfectly honesty, I think is nobody's business. Thats your household. You use it & pay it back ..Then again - if you're not responsible, it could hurt you like a credit card..I'm gonna use them when & how I want & keep it moving.. 😉😊

@ShesACATastrophe Ай бұрын

My family wanted to take a cruise. It was our first vacation together. I didn't want to go because I didn't want to spend all my savings. My sister talked me into Uplift. It was the worst decision. I had to spend all my savings and get a loan to go. I didn't even enjoy myself and was stuck for months paying off that loan. Don't do it!

@twenty383ify Ай бұрын

So sorry you did that. Most cruise companies and companies in general have it where you can make normal payments on your trip. Just book in advance and the vacation becomes part of your monthly bills until it’s paid off. I don’t offer any of those services to my clients. I just set them up with a normal payment plan.

@Tkara8 Ай бұрын

It seems like the issue was more with the cruise than it was with uplift. Unless ur saying that paying for the cruise up front would have made it more enjoyable?

@ShesACATastrophe Ай бұрын

@@Tkara8 no the issue was I didn't have the money to pay for a flight, hotel, transportation and the cruise, which is why I didn't want to go. I was then struggling to pay off Uplift for months after because I couldn't afford it. I've been on several cruises that I paid cash upfront. That particular year was a financial struggle and I had no business going on vacation.

@1PrinceJay Ай бұрын

I don’t even recommend that. With Carnival which I know you can pay them until you’re due date. Hell, I didn’t even know you can use Klarna with carnival.

@alsmith9853 Ай бұрын

To the OP: sorry to hear your story. Family is the best...but they sure know which buttons to push to guilt you

@regitapramesti7891 Ай бұрын

I've been watching your videos A LOT (getting ready, eat, doing my make up). Girl, please keep them coming. I'm not in the bad financial situation based on my judgement (Iol but I don't have good amount saving), but my issue is online shopping habit. Your videos keep me humble, thank you!

@TonyaNicole7 10 күн бұрын

Just paid my last $62 I am committed to keeping my money to myself. It is very useful. I have to say its so convenient to have this, but I noticed that it’s taking up a lot of my money that I could be saving

@rosenars6665 Ай бұрын

This is why I watch Financial Audit with Caleb Hammer.

@so.many.obstacles Ай бұрын

My lock screen is a picture of Caleb 😂

@EtherBunny-z7k Ай бұрын

taquitos, Taquitos, TAQUITOS!!

@oliviaxx9022 Ай бұрын

@@so.many.obstaclesur giving me ideas 😭😭

@alanmartinez386 Ай бұрын

You should check out Dave Ramsey too I like his stuff

@brbgrl Ай бұрын

Love his channel!!! So cool to see his community elsewhere 😄

@tamikens Ай бұрын

It's really upsetting how deeply accepted debt is in American culture. My friend's husband recently got a low six-figure payout from a work injury, which included their $30k credit card debt being consolidated and paid off and his first thought was to open several credit cards to "fix their credit scores" because the year they spent missing payments and barely scraping by tanked their scores. My friend is tired of drowning in debt, but her husband just sees it as another vehicle for the lifestyle he wants. I'm the only person around her who agrees that her husband's thinking is dangerous and could land them in a worse financial position than they were previously in. It's frightening.

@desislavanedyalkova4169 Ай бұрын

Your friend needs to get some divorce papers

@JP-gx6pi Ай бұрын

Financial literacy is really tough for some people, I hope he gets help or becomes receptive towards his wife’s advice

@tuyetsoi4672 Ай бұрын

This is y finances r the number 1 reason for divorce. When 1 is extravagance and 1 is logical it wont work

@ssoomee 29 күн бұрын

Her husband probably thinks that finances are a game, like you get credit card points as a score for being smart enough to ‘trick’ the system. I really hope she’s able to get away and protect her finances from her husband!

@nikkineartheelms Ай бұрын

Idk about you guys. But this video just made me feel SO good about my personal finances. I'm SO glad my parents taught me about credit and debt .

@BruhWhy5 Ай бұрын

Have they not heard of not buying what they can’t afford? It’s like they want instant gratification without the means. 😭 Might as well have overdraft fees with the bank instead.

@CeraWorld Ай бұрын

Nope! Consume consume, Buy buy, the American way.

@Wonderfully_Wicked6664 Ай бұрын

Just wanted to thank you simone for all your doing. I have a severe spending addiction. While I was getting ready to shop I clicked one of your videos. I stopped heard you and was shaken to my core! Immediately knew I didnt need any of the things I was trying to convince myself I needed. So I went to the park instead.🖤🦋

@SocialSymone Ай бұрын

I feel so blessed that I was able to help you in this way. We all are battling something and sometimes we just need Something to reel is back in. 💕💕💕 I love to be a nature also it is very relaxing and free! Some things in life may be a everyday battle but as long as you put in the effort everyday I think you will be better than the day before. I wish you well on your financial journey and in life. YOU GOT THIS!

@mrsthebeatles8159 Ай бұрын

If you are convincing yourself you need it no you don't. I hope things get better for you.

@scottysteadman5063 Ай бұрын

Keep going to the park! Blessings

@jd-hs5lj Ай бұрын

Love that for you! ❤ the only thing you need is the dopamine you can get it from other things instead ❤

@discocycle Ай бұрын

Try ordering some books from the library. It gives you that little dopamine hit of getting something new!

@ricardoesco8146 Ай бұрын

The fact that Uber Eats lets you use Klarna lol 😆

@boober9202 Ай бұрын

Seafood boil in payments of 4 lol

@SocialSymone Ай бұрын

Dirty Work! 😂 😂 😂 NOT FOR A BURRITO

@Theseanple Ай бұрын

No way 😂😂

@Rastaferrari829 Ай бұрын

I love it

@edgarandrade660 Ай бұрын

No way!!! let me place an order real quick

@xlaimuxllt Ай бұрын

Watching this made me anxious and went and paid off full balance on my credit card

@mariadawson8503 21 күн бұрын

Great video!! I was using the afterpay, Klarna, HSN, QVC flex pay at one point. I had to stop when I realized that those monthly and biweekly payments really add up. I paid off what I owed and don't do it anymore. I set up sinking funds (savings buckets/accounts) for things I want and once I have the money saved I go and buy what I want.

@saraashkir5793 Ай бұрын

I only used one of these once, klarna, to pay for $100 bill. This was when they were first starting to pop up. I had the money in my account and was shopping for clothes online, but saw the option and it was 0% interest so I was like “eh why not lets see.” I wouldve been about $10 over my budget on the purchase so I thought ooh this will help me not be overbudget technically and I can budget for the payments in the next few weeks. When I tell you that seeing the $25 payment every two weeks pissed me OFF so much 😭 like why am I STILL paying for clothes I already got and am wearing. Never again

@2alien4earth2human4space Ай бұрын

😂😂😂😂 I learned the hard way. I only use it for concerts and Christmas

@Ishouldnthavebeensopublic Ай бұрын

I never use Klarna excessively. There was a time I was broke asf but still wanted nice things so I’d use Klarna to take smaller portions out of each check and then pay in off early. Obv don’t buy stuff you can’t afford but I technically could afford it Just in pay increments. I never treated it like it was free money I treated as money coming out of my check little by little and I took it seriously.

@ketameanii Ай бұрын

@@2alien4earth2human4spaceyou’re smart

@TempestPhaedra Ай бұрын

That's exactly why I never used it! When it first popped up I was buying something expensive, my dining table I think. Afterpay appeared as an option and I considered it since I hate spending large amounts, but when I imagined what it would be like to still be paying chunks off a table I already had and which was probably already dinged up a couple months laters, I got pissed off. Yeah it softens the blow....by adding more blows! It's probably worth it if you have have a genuine need.

@xLanaa 25 күн бұрын

@@Ishouldnthavebeensopublic I don't see how it could be any other way 😭 like the app clearly tells you that you have to make payments. Are people ignoring this part & just not paying?? Like???? I ALWAYS round my payments up to the nearest $10 and my total gets paid off early, so even if interest does accrue, it's not as much.

@chelseashurmantine8153 Ай бұрын

I used afterpay when I moved to Wisconsin from Colorado and had been warned about the long winters. I got a treadmill (after reading a million reviews and getting one for tall people, also had a coupon), a workout bench, and mats to protect the floor from them. It was around $425 and I paid it off in 4 months. And that purchase SAVED ME over my first and every 8 month Wisconsin Winter since.

@KAye633 Ай бұрын

I used affirm when I needed to buy a computer for my first hybrid job. I didn’t have a computer and needed it for work since that was basically my job (working on the computer). Because that was an investment I paid it off in six months and never used affirm again lol.

@SocialSymone Ай бұрын

I am glad that you used it and paid it off on time. I think it is not bad for the people who use it appropriately like you did. 💕💕💕 But unfortunately, there is a large amount of people who use this, and do not have a proper plan of paying off this debt, and then they end up drowning in it.

@user-zc6ug3qh3z Ай бұрын

@@SocialSymone since life isn't predictable, I still think it is scary to buy something which you can't pay straight away, that instantly loses value once bought

@lashunburton657 Ай бұрын

Yes, you were being responsible and smart. There's nothing wrong with the service.

@TonyCox1351 Ай бұрын

@@lashunburton657there’s nothing “inherently” wrong about it, but it has some major negatives in that it helps people make harmful decisions. It’s like heroin - yes it can be used responsibly by a select few, but the vast majority cannot engage with it in a healthy way

@NatalieMarie917 Ай бұрын

I think people who have fluctuating incomes are more vulnerable to these types of things because it becomes easy to assume that maybe you’ll be able to make more money in future weeks/months than you had been making around the time of the purchase. And it’s definitely easier to budget in general when you know how much money will be coming in.

@MariMar132 Ай бұрын

I love using these options. Have been for years but like she said if you’re not responsible don’t do it. We’ve been fortunate to not have a catastrophic life event ruin our finances. I will only use it sparingly. And sometimes for kicks ngl🥴 Yes I’ve had a $20 purchase split into 4 interest payments of $5 😂😅 budgeting and paying responsibilities first is a big factor. The same as credit cards, they can be to your benefit if you know how to budget and stay on top of your finances. Great video !

@cw5001 24 күн бұрын

I used AfterPay sparily, but l pay it off immediately.

@theylikestars Ай бұрын

the girl math was crackin’ me up 😂😂 like girl no, that’s just spending irresponsibly 🤣

@sorormimm493 Ай бұрын

Irresponsibly what?

@cniknik9863 Ай бұрын

@@sorormimm493 I think they meant irresponsibility

@ZilawinGaming Ай бұрын

@@cniknik9863 nope irresponsibly is correct, but irresponsibility is also correct :)

@DianaRenteria-hf2nv Ай бұрын

I feel like girl math started like a silly thing like “oh if is cash is free 🤪”, but know I’m embarres by it, now it’s just a sadly excuse to be impulsive

@ama88015 10 күн бұрын

I’m watching this because it showed up on my feed, and the fact i’ve never heard of Klarna or any of these accounts before this video makes me feel so much better about my finances (esp post grad school) 😅

@manninanni Ай бұрын

this is why you use pay later options that DO not add interest. Interest is not your friend when buying things, especially when you can’t really afford it.

@Billlieandbelllieves Ай бұрын

I grew up with my parents being very frugal, so when I started making money I started spending it as soon as it hit my account on pay day. I think I was overcompensating for feeling like I didn’t have enough growing up when in reality I was always provided for well. I always had fresh food on the table, nice clothes and toys! When I became unemployed during the pandemic I started to re-evaluate my spending habits. Now that I have a new job and a newfound appreciation for financial stability I’ve become ruthless when it comes to budgeting. I watch your videos to remind myself of the importance of staying on track. It’s important to protect your future! I’m glad after pay only became a thing after my change in mindset, if it had been around beforehand I can totally see myself using it then to my hearts content, which is sad. Symone! I love these reaction-type videos as much as your commentary ones! Could you please do more of these?

@seadragon1456 Ай бұрын

I just have to say, it feels amazing to be 30 and out of ALL debt. I cash budget to stay on track now. Seriously, I took my kids school shopping at Kohls and when that lady told me my total was $600 I handed it to her and that was that. I used to feel sick when I’d slide the card and have a huge balance over my head. I don’t know why people continue to put themselves in debt pain for random things. CASH budgeting is where it’s at.

@privateaccount1998 Ай бұрын

What is cash budgeting?

@saraashkir5793 Ай бұрын

@@privateaccount1998it’s when you budget what you’ll need for the next 2 weeks/month, then take all those individual categories in cash (ex: $200 for groceries, $100 for gas, etc). Then you carry that cash and only spend when you have money in that category. If youre out of money for the clothing or shopping category, you cannot buy whatever you were going to buy until the next paycheck. You cant take out from another category to cover it.

@favouro6344 Ай бұрын

@privateaccount1998 only spending cash you have not planning to pay later

@SgawCules Ай бұрын

Who knows 😂 literally just "budgeting"@@privateaccount1998

@flohough1870 Ай бұрын

@@privateaccount1998 just like what it sounds. You only pay for everything that you possibly can with cash. Check out envelope stuffing, there are literally TONS of videos on KZfaq about it. It's a good way to keep yourself out of debt and to see exactly where you are blowing money that you don't need to be.

@fullmooneve1651 Ай бұрын

Buy now pay later is like a credit card. If you're a credit card person, you'll probably be fine. But if you struggle to pay off your entire cc, don't get into bnpl. It'll be the death of your finances. Great educational video, thank you ❤️

@Bluedragon-iz3oo Ай бұрын

There is a saying, “there is no such thing as a free lunch”. It means that someone will always end up paying. It could be you or someone else. And it is unlikely that someone else would want to pay for your lunch.

@skaterzrule4 Ай бұрын

As I get older and my debt dwindles, I get sad seeing stuff like this affecting young folk (I’m 28 lmao)

@DarneIITV Ай бұрын

Same lol

@skaterzrule4 Ай бұрын

@@DarneIITV fr like I’m over here debating if I should get $2 dollar snacks, meanwhile people 5 years my Junior taking out 10k credit loans with a part time job. Crazy stuff lol

@gray_girl 13 күн бұрын

Must be nice lol, I’m 28 and student loan debt is killing me. And I’ve had a lot of people our age suggest these to me but I already have credit card debt (necessities) and I’m very hesitant to get more. I recently made a large purchase (large for me) and did split it up using my PayPal but it’s auto charged for only four months, and I have the money in my account. A lot of folks using these options are using it because they DONT have the money and act as if it will magically show up later. But it won’t cuz they keep spending.

@dkstamberose Ай бұрын

I was at a hotel desk a few years ago and a person asked if they could pay for their room using Afterpay 😭 the way the receptionists looked at him before explaining he needed to put a card down

@uui219 5 күн бұрын

Ironically they wouldn't have had a problem doing that online.

@deniseabela Ай бұрын

I have a rule that I try to abide with when shopping for everyday products: If I can't afford to pay it in full at that moment, then I'm not buying it. I don't like to deny myself from something fun every once in a while but a lot of people nowadays don't know how to place boundaries with themselves and prioritize what they want vs what they need. I totally agree with you, these services are not our friends! Going into debt over a Sephora Haul or a Chipotle Bowl is insane to me😱and don't even get me started on how these services are leading to so much overconsumption and the immense harm it is causing on the environment 😭

@ladyofthewaters 16 күн бұрын

I went on an RC cruise in June. And yes, there is a pay later option. I was FLOORED!!!!

@Boahemaa Ай бұрын

Once you start investing and understand the concept of compound interest you realise spending money frivolously on loans makes you the sucker that is keeping rich people wealthy. Girl math and you're 32🙄

@jochenkraus7016 Ай бұрын

You're right, it's the same but in the opposite direction and usually with much higher rates.

@SuckerPunch92 20 күн бұрын

This!!!

@alliibee4015 Ай бұрын

Remember layaway, we need that back

@SocialSymone Ай бұрын

The knart days 😭

@alliibee4015 Ай бұрын

@@SocialSymone 😂yep

@wilkinsonrg Ай бұрын

YES!! Nowadays, it's all backwards - get it now and pay it off later. I feel like layaway was better. Is the massive popularity of BNPL because of people wanting instant gratification? My goodness, just exercise a modicum of patience. Or, just put the item into the shopping cart, and give yourself a 72 hour cooling-off period (usually it doesn't seem as exciting after 3 days). Sometimes websites will even send you a coupon if they notice you left something in your cart, so if you decide to go ahead and buy it, you'll get a bit of a discount.

@zanxxx Ай бұрын

Amazon has layaway 😅

@briserenity Ай бұрын

Noooooo lol as a kid my mom would have my sibling and I shop. When it was time to get it she wouldn’t pick it up or we would pick like a few items from it. Now Christmas time was guaranteed layaway pickups. Kmart and marshalls 😂😅

@MrsJC808 10 күн бұрын

I had a coworker tell me she had to take a loan out to go on vacation and my jaw dropped. As if that alone isn't crazy, she didn't have PTO so she went on unpaid leave.

@whatsavailable._ 20 күн бұрын

First of all I love your hair. It's so good seeing someone not pack so much gel and spray into their hair to make it look "presentable". It's so refreshing to see someone just let their hair be. Your hair looks AMAZING in every single one of your videos. Secondly(well lastly😂) your videos always crack me up likeeeeee. I can't even with you. You just speak your mind and it's amazing. Please keep uploading like you do❤

@ratatattatalove4415 Ай бұрын

People usually buy the things they want first then the things they need and complain that they don’t have money for things they need

@saraashkir5793 Ай бұрын

THIS!! I watch Caleb Hammer and the amount of people being like “I had to put the groceries on the card because I didn’t have enough money, I need food!” Then half their checking account is just bs subscriptions and going out to eat and shopping

@EpicGabby24 Ай бұрын

Bingo!!

@EpicGabby24 Ай бұрын

Cuz hot tf you got $200 nails on but complaining you don't have enough for groceries....

@MarqZePancakeNinja Ай бұрын

This reminds me of a worse version of the 0% interest options I was forced to push working retail. I stressed to everyone what the interest would look like if they didn't pay it all in the time frame and I broke down the monthly payments for them. It wasn't required for me to do that, I just had some regulars and young people that I knew would have a hard time if that 29% interest kicked it. Even helped a dad set up a budget so he could buy parts of his big xmas gift for his kids over time. Did I ever hit my credit card quota? No. But I felt better knowing people understood what they could be getting into. And I had hella loyal customers who followed me when I transferred to another location.

@cierraslowsdown 13 күн бұрын

This just showed me how proud of myself I am. I use these buy now pay later options pretty often but only if it’s it’s something I REALLY want (been thinking about it for months or keep noticing its absence in my life), or need. Like you said in the beginning, but responsible and know your finances! Debt doesn’t have to always be bad, especially if you’re not pulling from high yield savings accounts in HUGE chunks. Let it be an investment you’re ready to circulate your money on though!

@prmtv 9 күн бұрын

I use buy now, pay later but in a controlled way. I definitely don't let myself go crazy with it. I mainly use it on things I or my daughter needs that can't wait.

@selenajosephina Ай бұрын

You make a good point about cruises. If you cannot pay in full when you book, you'll pay more if you buy now/pay later. Everyone deserves a vacation but we have to be strategic about it.

@SocialSymone Ай бұрын

We love a good plan! 💕💕💕💕

@CJGsquared Ай бұрын

When you book a cruise, you only have to pay the deposit up front. You have until the final payment date, which is typically 90 days before the cruise leaves, to pay off the full amount. You can set up regular payments towards your cruise. That's why using afterpay makes 0 sense to me

@LovelyTanzy Ай бұрын

You can layaway your cruise and pay it off before you go. You don’t need afterpay. Pay it directly to the boat.

@gray_girl 13 күн бұрын

It might depend on the cruise line, but ours wouldn’t let us do any kind of monthly payments without using uplift.

@LovelyTanzy 13 күн бұрын

@@gray_girlGood to know that all cruise ships don’t operate the same.

@Zizzarazzo Ай бұрын

I know they don’t teach financial literacy in schools but where are the parents?

@SocialSymone Ай бұрын

They likely don't have it either unfortunately 😕

@haute03 Ай бұрын

Bold of you to assume the parents are more financially literate than their kids. 😢

@nonnieJ94 Ай бұрын

A country of financial literate citizens isn’t helpful to those who make their money off the debt of others.

@somethingclever8916 Ай бұрын

Because young adults listen to their parents... since when... this isnt Brady bunch

@jenk4345 Ай бұрын

I do affirm. I use it when needed and only what I can afford. We went into a runt cause I got in a car accident and was on leave for work for a month . Affirm was able to help with school clothes and stuff. It helps when used properly. 😊

@ahnhyungseobhaveyoulearnth8286 14 күн бұрын

my mum set into me deep as a kid that if i can’t afford anything i.n FULL 3 times over without it hurting what i usually buy then it’s a bad choice to buy it right now. it’s what’s kept me from ever using these pay later stuff or paying what i can barely afford.

@Techformative557 Ай бұрын

Hell yeah you mentioned Ross..my favorite place. I go inside expensive shops, snap pics of the nice clothes and then go on eBay and Ross and find the equivalent for a fraction of the cost

@segourneysavery5126 Ай бұрын

I buy most of my large purchases on credit cards but I always pay it in full each month. There are a lot of benefits when you use credit cards responsibly.

@thetillerwiller4696 Ай бұрын

Yeah, I’ve heard it said that you should use your credit card like a debit card

@TechTchno Ай бұрын

@@thetillerwiller4696 Yes! Never use more than what you have in your bank account. Never ever.

@613Cris 14 күн бұрын

And with the right card you get cash back! My card will let me split up larger purchases at 0% interest but I won't get the cash back perk on it. So I save, shop, pay my card. In full. Every month. Interest will eat away at any progress you try to make otherwise.

@kamifaye Ай бұрын

"girl math" is one of the most misogynistic things i've ever seen- it's really them saying "haha women aren't financially responsible, delusional, and stupid!!" like i don't know abt yall but NOT ME and never will be me ... shouldn't be ANY woman and has nothing to do with our sex

@JB-tz8fu Ай бұрын

WOMEN CAME UP WITH THE SAYING !!! 😂😂

@chikipichi5280 Ай бұрын

But it's women saying it 💀

@desislavanedyalkova4169 Ай бұрын

@@JB-tz8fuso???? That doesn't mean it's not misogynistic... women can be super misogynistic too. Sounds like you get defensive and sensitive when you hear the word "misogyny".

@kamifaye Ай бұрын

@@chikipichi5280 It's internalized misogyny, one of the greatest defenses of a system of oppression is to have the repressed believe the myths of their subjugation

@chubbs1448 17 күн бұрын

Watching these videos really helps reign me in 😂 I appreciate these.

@devjames2532 Ай бұрын

Like credit cards, BNPL loans can be used responsible BUT adding another debt to your monthly budget will reduce your flexibility in the case of emergencies. Paying the full amount is always the best option.

@khanhnguyen-tt3ff Ай бұрын

It worse then credit card cause there are no comsumer protections, you cannot negotiate to lessen you debt with those. And the interest rate are insane. Buy now pay later is for people that dont used the credit card or have max out their credit card .

@audreyandrea460 Ай бұрын

@@khanhnguyen-tt3ff good points.

@jenluv Ай бұрын

Your channel is blowing up, Symone!!! WELL DESERVED! Loved this video!!

@SocialSymone Ай бұрын

Thank you!!! I appreciate it so much! 💕💕💕

@irenicrose 11 күн бұрын

For some reason, our generation as a whole doesn’t seem to understand how debt works and just will accrue tons of it, then be shocked when you actually have to pay it back.

@alexyokiel4493 13 күн бұрын

I used to use the BNPL like crazy. There was a point where I had $300 in payments every payday. I stopped cold turkey a few months and I have saved so much money. I will never use it again.

@wearesatellites91 Ай бұрын

The woman using “girl math” as an excuse enfuriates me. By simply putting some of my income into savings each month and not buying things I don’t currently have cash for, I have zero debt, an ample savings account, growing investments, and have even been able to purchase my own small home in my 30s. And shockingly…. I’m a girl 🙄🙃 And “they don’t teach financial literacy” in school is also no longer an excuse either - we live in the information age! You can literally watch free “personal finance 101” content on KZfaq and TikTok, the same way these people watch consumerist influencer crap that makes them want to buy things they don’t need. If you’re online anyway, go watch something smart and take some accountability for your behavior.

@flohough1870 Ай бұрын

You bring up an excellent point. My sister-in-law is one of these people who wants to blame everyone else for her financial illiteracy. "I wish dad had taught us more." It's an excuse, it's lazy and there is no reason you cannot educate yourself on finance, there are TONS of tools out there. I taught myself photography before the internet ever existed simply by reading everything I could get my hands on. I'm tired of the whining.

@chanelf.4934 Ай бұрын

I’m so happy you made this video. Penny Lee CEO of Financial Technology Association an organization that represents these BNPL companies went on CBS/CNPC and said LOUD AND WRONG that people aren’t in debt using BNPL! The issue is it those companies aren’t required to reported to the credit agencies like credit cards are so it’s a massive black hole regarding consumer debt. Either they don’t report or they don’t report their money to the feds I can’t remember which. They are fighting against it because they KNOW the consumer debt for BNPL is insanely high. It’s like as bad as a payday loan.

@Sin-D_ Ай бұрын

Never charge something that you won’t have something to show for it, such as eating out, gas, vacations (ridiculous), clothes shopping, etc. In other words, things that just feel good in the moment and are gone quickly - don’t charge. I only use credit for larger items, such as furniture or some other investment type item that i will still have after it’s paid off, BUT ALSO (and most important) for these larger purchases, i would make myself save at least half cash first to put down so i’m only financing the other half or less. If i couldn’t save half the cash, then I couldn’t afford it. This has served me well. (This is regarding credit cards and after pay options, and not about buying a house.)

@betsylong1726 15 күн бұрын

I’m not in any debt from any of these apps, but watching this has really opened my eyes. Wow, I closed all of my accounts because of that😬

@khantheghost Ай бұрын

This is so odd to me, cause any business or economic class you take uses the rule: "if you can't buy it twice, don't buy it once", and this makes me realize at least one class for managing money should be required in school

@AnonWilliams Ай бұрын

It's like this by design. Capitalism doesn't want you to learn.

@docfabz Ай бұрын

Idk where u received your education. But im in the US and never had any such classes nor did i learn any from my parents. For some people this isn't known information especially young people.

@CarimboHanky Ай бұрын

our current system benefits from monetary ignorance...

@KAye633 Ай бұрын

Exactly I always go by that rule

@a.zoeller6812 Ай бұрын

My high school (in TN if that matters) required personal finance but most people just zoned out

@tashakayden2434 Ай бұрын

But also, it’s not like you pay the exact price of the product. There’s interest attached as well. So something worth 100$ becomes 125$ and more the longer it takes you to pay it off

@SocialSymone Ай бұрын

OH YES!!!

@Rastaferrari829 Ай бұрын

Not for Klarna or Afterpay though

@Stumblingthroughlife Ай бұрын

@@Rastaferrari829 how are they making the $ if there's no interest? Are there fees?

@victory26715 Ай бұрын

I thought Girl Math was obviously a joke until I heard my students were talking about it… glad there’s content like this around

@sharenenathan7499 29 күн бұрын

I use after pay to get new tires and brakes for my truck. I’m thankful to be able to use it. Yes, you have to be responsible when it comes to these pay later.. I did get caught up bad and had to work DoorDash to pay them off. Never again only for emergencies

@juliet4521 Ай бұрын

I mourn for our generation. So many unhappy young people drowning themselves in consumerism and debt for NOTHING. I at least have some sympathy for traveling or experiences 🤦‍♀️ but in debt for makeup? Smh

@aliceB357 Ай бұрын

I like using makeup but I’m not going into dept to buy it.

@thannas3379 Ай бұрын

Every time I want to make a frivolous purchase I click on one of your videos. You’ve saved me from so many impulse buys!

@msSweeTae Ай бұрын

In 2018 I had my first manic episode and let me tell you...the next 5 years I spent a lot of money I didn't/don't have. In the beginning of last year I realized what I've done and I'm dealing with a lot of anxiety thanks to my debt.

@jdb7918 Ай бұрын

Never knew this was a thing. Some folks just have to learn the hard way when comes to controlling your finances.

@SaharaAP Ай бұрын

I might get some heat for this but a 0% credit card for 12-22 months would be better for some. After the 12 -22 months you get charged that interest. Just pay the card off before the 0% interest period ends.

@TonyCox1351 Ай бұрын

You say “just pay it off” like that’s it but you’re missing the most important step - you have to be saving that money along the way. If you put 10 grand on a 0% interest card and you don’t have 10 grand sitting in the bank by the end of it, you’re F’d. That’s why the vast majority of the general public should stay away, they can’t handle it

@BeautifulSilence Ай бұрын

It saved my skin in grad school when I needed a new computer. $110 every month for close to a year is a lot more manageable than $1200 up front! Closed the card right after.

@tiyya91 Ай бұрын

But why are we putting it on a credit card in the first place? Why are we buying things we have to make payments on, making that thing a bill?

@nightreader1264 Ай бұрын

If you use it responsibly , and you commit to the payments so that it is paid off at the end of the loan.

@so.many.obstacles Ай бұрын

I highly doubt these people have the option to get a 0% credit card. They seem to be financially irresponsible and I doubt they would even pay the credit card off in the time allotted.

@aikopot 11 күн бұрын

Theres some that dont allow you to use their services if you’re often late / dont earn enough to realistically pay back

@misselise1237 Ай бұрын

I'm so thankful my math class included a whole section on this issue. Those lessons have stuck with me. Never used it and never will. Thanks Teach 🍎 🍏

@user-kpkxgtj Ай бұрын

1:19 The guy paying his loctician using klarna will need several reties / retwists before he has even finished paying for the first service 🤣😭

@2_blAck 29 күн бұрын

😂He’s lying Klarna don’t do all that

@lovefire6856 Ай бұрын

I think monthly payments for big items like a washer and dryer are smart, but small stuff is not the best

@handleiguesss 13 күн бұрын

Okay, subscribed 👏 Love your analysis

@Aadcp Ай бұрын

I use paylater for wholesale foods (like oils and canned goods that will last us for months up to a year), and some appliances that we need in the house. For other personal stuff like make up- I used it but it lasts me a year or more, even for skin care. It helps with my budgeting.

@Healthylifelex Ай бұрын

Been there done that (unfortunately) I had so many affirm bnpl loans back in 2017. I paid them all off and never opened another one. No credit card debt, no car payments!

@heavenleiblu Ай бұрын

I enjoy the Pay In Four services cause I'm a little nutty and cant stomach big ticket purchases (except my car, which I paid cash for so that my insurance would be lower). It never occurred to me that people were getting that far in debt using them.

@Ishouldnthavebeensopublic Ай бұрын

Me either. I only use it on purchases no more than what I can’t pay off without stress.

@manifestingbliss6087 Ай бұрын

I did affirm for my Nama J2. And it broke while i was still paying on it. I was so nervous. Im grateful that the compat was great and replaced it.

@tharpeaddy Ай бұрын

I see credit cards as system or tool I don’t see them as shopping spree or dating tool

@KAye633 Ай бұрын

I truly only use mines for emergencies. I paid off two and have one more to go. Once I paid them off I leave them in a safe box and uninstall them from my Apple wallet because in my twenties, that credit card debt had me in a chokehold. 😂

@SocialSymone Ай бұрын

I feel you but please elaborate on what you mean by a dating tool. 😅 I was just very curious

@hefeguwop Ай бұрын

@@SocialSymone he prolly meant like tricking off with the credit lol

@xenonsan3110 Ай бұрын

I just treat it as a more secure debit card. It's much easier to dispute transactions if your card is stolen. So I pay most of everything with it but I also don't frivolously buy things, usually it's food (grocery and eating out), gas, essentials, and the occasional hobby like reading or games

@KAye633 Ай бұрын

@@xenonsan3110some credit cards off great cash back programs. The Apple Card with the Apple savings as a great cash back program as well as an APY of 4.5%. That’s the only one I use and have paid off 80% of.

@raylayaaaa Ай бұрын

I thought afterpay and such was only supposed to be used occasionally… you still have to pay it BACK PEOPLE it’s literally in the saying “buy now pay later”

@LiriEth-k4h 13 күн бұрын

I love Klarna as a way of protecting bank card info when buying online. Also gives me the option to pay after receiving my goods so I can check everything is fine and as it should be before paying. Way easier to start a dispute with seller that way. No way in hell I'm splitting payments up for monthly or letting it pass the 30 days... I only spend what i actually have at the moment and can afford. In my language debt is called "skuld" which is the same word for guilt. It's best to avoid debt as the plague, don't make yourself guilty.

@sissysovereign1294 11 күн бұрын

I didn't even know that it was possible to do grocery shopping at walmart and such with buy now and pay later options

@pookiesworld50 Ай бұрын

I have used it when my tv broke and got a great deal. We paid it off on payday. I have used it on furniture too but I pay more than what is due. I have used it irresponsibly before. No lie. It’s nice to listen to someone speaking facts. Sent your videos to my children. If they won’t listen to me maybe they will listen to you lol!

@audreyandrea460 Ай бұрын

I think it’s ok for furniture and household appliances when you have a plan to pay it off. I kind of need a lamp because it’s too dark in my living room to read and I’m thinking of using Afterpay to get it.

@favouro6344 Ай бұрын

Walmart has lamps for $14@@audreyandrea460