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Buy Now Pay Later
Buy Now Pay LaterWhen you listen to the news and hear the stock market reports as well as the economist reports it sounds like no one is buying anything. Yet you also hear stories about the huge credit card debts many people have. More and more people are finding that it is very easy to get credit, however it is much more difficult to pay off the bills if you let them accumulate and have to pay interest on top of the charges. We will use our credit cards to earn points as well as for convenience, however we always pay the balance at the end of each billing period.A year ago we decided to buy a computer system for the house. The store we went to was offering a special buy now pay later campaign on a complete package that included a printer upgrade as well as a flat screen monitor upgrade. We decided that we would purchase the system, even though it was more money than we had originally intended to pay. With the buy now pay later promotion he you had twelve months to pay off the bill, without any interest accumulating. We decided we could afford the upgrades as long as we had the extended period to pay for it.
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