BNPL, or Buy Now Pay Later, is all the rage these days. And Haley and Vee are raging all right. They capital H, HATE BNPL — and for good reason.

You want a new fancy Hydro Flask water bottle that is $40 and as you’re getting ready to checkout online, you are asked if you want to split the payment into 4 interest free payments of $10. This sounds like a pretty sweet deal. Why wouldn’t you want to do this!? 

This episode covers all the cons and pros of these “services,” plus why you should steer clear of payday loan apps too. 

In this episode, we chat about:

• The history of buy now pay later
• The communities targeted by BNLP
• Pros and cons 
• Haley shares the payday lending app that asked to collab with her 

MENTIONED IN THE EPISODE:

• https://www.retailbrew.com/stories/2021/12/27/the-evolution-of-buy-now-pay-later
• https://www.cnbc.com/2022/09/13/understanding-the-risks-of-buy-now-pay-later-apps.html
• https://www.lendingtree.com/personal/bnpl-survey/
• https://www.bankrate.com/banking/apps-that-smooth-cash-flow/#dailyPay
• https://www.investopedia.com/best-buy-now-pay-later-apps-5186864
• https://www.savings.com.au/buy-now-pay-later/afterpay-pros-and-cons-savings-com-au

Buy Now Pay Later Apps mentioned in this episode:

• Affirm 
• PayPal pay in 4 
• Klarna 
• Uplift 
• Sezzle 
• Afterpay
• Splitit
• Perpay

Payday loan Apps mentioned in this episode:

• Earnin
• Dave
• Brigit 
• Current 
• Chime 
• DailyPay

ABOUT NAPFP:

Not Another Personal Finance Podcast: Unfiltered Finance Between Friends is a no-bs personal finance podcast unlike any other you've heard. 

Award-winning personal finance content creators and business owners, Haley Brown-Woods and Vee Weir, discuss money management, debt payoff, savings, investing, and more, in an easy-to-understand and hellaciously funny way.

Haley and Vee leave censorship up to other podcasts and wear direct messaging, dry humor, and foul-language as badges of honor. 

If you’re ready to get better with money and need real friends guiding you along the way, this podcast is for you.

FIND HALEY AND VEE ONLINE + SOCIAL MEDIA HERE:

• Haley’s Instagram, Twitter, Facebook
• Vee’s Instagram, Twitter, Website, Facebook
• Join the Price of Avocado Toast Newsletter
• Join the Vee Frugal Fox Newsletter

OTHER LINKS:

• 1:1 Coaching With Haley
• Become a Patreon

RECOGNITION:

• Audio engineer: Garrett Davis
• Research: Haley Brown-Woods + Vee Weir
• Podcast Artwork: Heather Divoky
• Podcast Support: Weir Digital Marketing