EPISODE 99 : Afterpay : A credit disaster or a great budgeting tool?

In a world where we can communicate without speaking, send coordinates of where we are at the drop of a pin, find something that’s lost by pinging it … it’s no wonder we were going to evolve to ensure we had what we wanted to buy long before we had to pay for it, without the upfront commitment of interest like a credit card arrangement … enter Afterpay.

Afterpay … with over 16 million users currently worldwide ... it's the new lay-by system of our time modified to cater to the age of instant everything.  For those who aren’t aware of what Afterpay is, it is a payment system that allows consumers to receive their goods now, in exchange for a direct debit commitment of fortnightly payments over 4 equal instalments, completely interest free.

Some argue that it’s a credit issue waiting to happen to good people, or is it a smart budgeting tool?? Let’s chat about it … A x

 

Relevant Resources ...

3 Things you can do daily to improve your cashflow - FREE PDF Download

Join the waitlist for my Small Business Cashflow Course - Coming again February 2023