The Dangers of Buy Now, Pay Later: Instant Gratification & Normalization of Debt

INTERNET ANALYSIS. let's discuss services like Afterpay that let you buy now & pay later. // Signup for your FREE trial to The Great Courses Plus here: (urban outfitters illustration in the thumbnail by Jasmy Liu, from this article: ) TIME STAMPS BELOW: 0:00 - intro 0:38 - Afterpay, Klarna, & Quadpay allow you to split your purchases into 4 installments 2:15 - why not just use credit cards? 3:40 - the psychology of “buy now pay later“ - why is it so appealing? 4:21 - consumerism in fashion & beauty... instant gratification 5:57 - you have to BUDGET! track your spending! 7:20 - sponsor moment! 8:56 - installment plan VS credit card.. which is better? 12:14 - living above your means 13:16 - 72 month (six year) car loans?? excuse me? 14:56 - installment plans & frequent upgrades