Buy Now Pay Later Crisis 

My festival, Concert tickets, & hotel room bookins on Klarna are shakin rn

I remember when girl math was just a cutesy joke at first, now I see ppl just say girl math as a crutch for their poor financial choices

14:35 she make no sense 😅 a vacation don’t solve mental health issues when you come back your problems are still there 🤦🏽‍♀️

Buy Now, Pay Later did help me furnish my apartment when I moved. I had absolutely no furniture. I got a bed and frame, a computer chair, and a desk. (I work from home) Once that was paid for, I used Affirm for kitchen cabinets and a couch. Paid off everything last year.

I know a girl who won’t buy a car because she hates the idea of having to make monthly payments on something she “owns”…. But also uses afterpay on $300 Sephora hauls or $200 SHEIN clothing hauls. I don’t get it.

These apps are really good if you use it responsibly. Buying stupid stuff with it and having no way to pay it back is what really puts people in a bind

My mother always says don’t borrow money you can’t pay back lol. I have a cousin who has used up her spending limit and can’t pay it back but calls around asking if she can use somebody else’s for it. Insanity when you cannot afford it!

My dad always said debt was a 4-letter word in his house. Glad he taught me how to be responsible with money. Debt always has to be the final option.

The thing is, the apps themselves aren't bad it just people don't put a limit, meaning how much do you want to pay every two weeks. For example 200$ purchase is 50$ every 2 weeks, meaning your limit should be 50$. Sadly, people see the small amounts and forget they add up.

I’m currently saving for a ~$1500 electric scooter. There was so many pay later options. I made myself a deal that I work solidly for all this month and next month to save for it. I told my friends as well, that I can’t afford to go out. I’m so lucky my friends are supportive and actually help me stick to my plan.

With some of the debt I’ve seen people get into, I’m so glad I never got into it. I do miss lay-a-way. Best way to hide Christmas/Birthday presents .

I used Affirm a couple of times for important purchases. I like the idea, but only for large important purchases, like a mattress/bed or computer. I heard a video about a kid who used it to buy a fucking bowl at chipotle. Like what!? You don't get to eat out if you don't have eat out money!?

Remember: if you can’t buy it twice, you can’t afford it

I used affirm for important things when I moved on my own years ago, but I quickly paid them off. Planning on paying afterpay off too once I move back in with my mom. Explained to her my plan on paying off everything on my debt while staying with her for the next year, and she was ok with me coming back. Just so grateful for her because once you get into big sums of debt it’s nearly impossible to pay it off! Especially if you live on your own, you just end up drowning more. Learned my lesson believe me lbs

This new generation will say any talking point to justify doing crazy shit. If I'm broke I'm broke til pay day not doing a loan app

bro why i get a creditcard ad in the middle of this

It kind of bothers me when people say "they dont teach financial literacy in school" because... I mean they teach math. People just need to sit down and add up everything they make in a month and subtract your expenses. What is left is what you get to spend. I know its not that easy for everyone and after your 60,000 dollar college education, another 20k in debt doesnt seem like a big deal. but thats another issue

If i cant save for it, i dont buy it. Ive got 3 saving types. Deposit for a house £80k emergency funding (job loss etc) £12k Luxury spending £2k My deposit grows continually but my emergency fund and lux fund stay the same, maxed at 12k and 2k respectively. if i ever tap into the emergency fund, it will be the first thing to be topped back up when i get back on track. the lux fund is for those moments of weakness where i feel like i need want or deserve something unnecessary believe it or not, an £80k deposit isnt anywhere near enough to get me what i need in london :/ I'm well aware of the fact that im financially better off than most ppl. no debt, and only 60% of my wages goes on rent and bills, and i live frugally enough outside of that to save healthily.

I’ve used after pay for a while. I can say that just put it on auto pay I don’t use it for anything but Amazon purchases and my limit is low. I know people with $5k limit on after pay. Which is crazy.

I like using klarna way more than credit cards. You have to put a quarter down payment and make three subsequent biweekly payments interest free. The debt is not lingering, you only have two months to pay it off so that in itself should be a deterrent to overspending

Why is that girl bending down into the camera sitting standing bending face all in the screen clipping every two seconds she’s giving me anxiety! I am not built for social media thank god I didn’t grow up with this mess…

Grew up watching a parent pay off credit cards with other credit cards. Knew ahead of time I wouldn't be making the same mistakes.

Buy Now is on most major shopping outlets like Amazon, Temu, Fingerhut, Old Navy, Forever 21, and finish line to name a few.

As some one who uses zip I always make sure I'm not spending anything over 120$ so my payment is like 35$ max

I pay my rent with 1 weeks pay and I save 20-25% of my salary every payday. I have been using afterpay and PayPal pay in 4 for a couple of years and never had a problem. I don’t ever “pay later” on something that I wouldn’t buy outright. I see this being a problem for people that can’t afford what they are buying and don’t know how to budget. Also this would be a nightmare for shopping addicts.

If you want something and it's not an immediate necessity, save up for it! And by the end of it, if you feel like you don't still want that thing and it would've just been an impulse buy, you've just saved yourself extra money. Helps you avoid debt and actually gives you time to think if you actually want something or if it's an impulse buy.

I mostly use afterpay for school supplies lmao. My parents get me the absolute necessities and everything else is my own money (something like a new backpack, pens, etc.) and I usually put it on my afterpay so overtime, when I get more money throughout the next 2 weeks or so, it gets paid off and I don’t have to worry about not having money to buy other things. Its useful when you use it right :p

A side note: the skin is glowing ✨️

All I heard in the intro was Calem Hammer: WHAT ARE WE KLARNA-ING!? 😂😂😂😂

RU-vid Algorithm recommended me your channel and i kinda binge watched all of your videoes! I really like how you deliver all your content in a very eloquent, calm yet funny style ! New sub!

How do people even get to this point I’ve done after pay on max 200 dollar purchases And I don’t use it again until I’ve paid the first off I actually like to use them to kind of compartmentalize my purchases that I’m not ready to pay for entirely, but that I don’t want to get mixed up in my credit card bills It helps me keep track on if I’ve recently bought something frivolous and that I shouldn’t do it again. since I’ll forget about it if it’s just on the credit card

I've used afterpay when i moved into my apartment and would be mindful of what I was purchasing and wouldn't use the afterpay again until the other item was paid off or had 1 payment left..you have to be responsible to use these afterpay options. Just cause the max is a certain amount dont mean you use the entire max amount. Wayfair was my go-to cause the items are very reasonable..Ive always been the type to not want to make payments on my furniture but this time around i did but everything was paid off within less than a yr time. And then once i got everything i needed for my apartment, i stopped using it because there's no need for it

Everything in moderation. There's nothing wrong with these buy now, pay later options, people with inadequate financial literacy is gonna struggle with any and everything money related which includes this...

I needed to see this video… I’m going through it🤦🏾‍♀️

Affirm said no Shop pay said we'll see Klarna said here is a little bit Afterpay said $2,600 credit limit 😂 but that's because I always paid on time so Afterpay it is!

I hate how these types of apps are vilified because if you responsibly, they can be great. I use it kind of as a budgeting tool. instead of paying for something upfront, even though I could, I can split it up and then I can get more things at the same time rather than having to months or however, long. Anything can be bad abused, but saying these apps are inherently bad is like saying overdraft protection is inherently bad.

My mom would do layaway for my school clothes and our church dresses once a year at Kmart in the 70s and 80s. But how things are now… is insanity. Never heard of any of these apps. I’ve seen affirm on Amazon, I didn’t know what it was.

The main issue with the buy now, pay later options is that there’s no limits, like with traditional loans. Those with poor self control when it comes to finances, poor coping mechanisms and crave instant gratification can really get themselves into a financial mess.

I jus remembered it’s prime day 😅

I love using after pay 😀

I was blissfully forgetting that these apps exist. And then it got ruined, thanks man. In serious notes, the worrying part is that the girl math was a joke about being meticulous about paying for certain things in a certain pattern, and now it just endorses and forcefully encourages kids to get into debt immediately as soon as their stupid as hrll parents give them their phone at 4 years old. Girl my only debt is school loans and a bill I owe a university. And I've been in college for 3 years and only recently got this debt and bill this year. My hometown humbles you FAST.

Total $26. *Clicks Afterpay*

Payment plans can be helpful if you know for certain you can make those payments in time. But if you're going to have trouble even with that, it's time to re-think.

TikTok is pure brain rot! My niece once said she can't listen to a song that's longer that 3 minutes because it'll lose her attention span. I studied music in college and the first movement of Beethoven's 3rd symphony is 15 minutes long! This new generation is doomed 🤦🏽‍♀️

People need to learn to live within their means. If you can't afford it and you do not need it, as in you will not die if you don't have it, then don't get it.

I don't mess around with those tricky systems. I understand layaways to having my share of being in credit card/loans debt 2 decades ago. I like to take it easy when it comes to consumerism & self-control.

We are adults do yall think its free money

I have a max spending of 2K in Klarna, and the only time I ever came close to it was when I moved into my new place last year. I rarely go over $200 total bc those payments definitely add up. I use it quite often but responsibly!! I honestly use it for no real reason, I just like being able to spread out payments 😂

9:49 girl! this is how youtube videos were in 2014, don't you dare talk down on that 🤣

when it comes to all my appliances, I bought a washer and dryer and refrigerator from Home Depot and they gave me after 12 months or longer to pay it off actually paid off before that and I just did it automatic pay( so sometimes if I picked up an extra shift I put another payment because I wanted to get it done )I just came out of automatically and I got done before the time allow. The only way to pay this stuff is if you set it up automatically and forget it and make sure the money is there every month. PS: I have use Klarna cause I wanted to see her in for a long time once it went on sale. I bought it with Klarna and I paid it off.. I am totally surprise people use Klarna and Afterpay to buy food. Are they serious? I didn’t even know you could do that. If you cannot afford stinky horrible fast food from fast food, then you need to cook your own food. That’s crazy.

I only use klarna and do one purchase at a time until paid off. I don’t go crazy on it 😂

This is like my 5th video of yours I have watched. Idk why I haven't subscribed already, but I just did. SO worth it!

I use them.but I make sure I can pay simple

People living above their means is one of the things that helped with the development of the Great Depression everything was on loan so there was no real money being circulated

Lol... This is why there is a recession.. People spend their money foolish..I'm not mad @ nobody. Because' i'm not in the crunch, I'm feeling good....😅

Growing up struggling with money sucks, yeah, but it taught me something important; being able to recognize an impulsive urge, holding back, and considering the importance of something. Do I actually need this? Will I use this often or buy it then forget? Will this genuinely assist me in my day-to-day life? Etc. The things that could get a 'No' would be things such as random gadgets, the things that could get a 'Meh' would be things such as simple, cheap things (I.E.; I bought a Cinnamoroll key ring w/ 3 keychains that basically cost nothing), the things that would get a 'Yes' would be things such as medical cards (I.E.; "I have ADHD, be patient with me"). I learned it because my mom impulsively bought cheap things and I just thought it was so dumb I promised to never do it 😍👍🏼

As someone with mental health issues, these buy now pay later is DEF horrible for us that struggle with impulse buying and basically have to be on meds to dim the feeling that triggers that feeling

Thank you for posting this video. This is new for us, we're in our late 40s, so it affects all ages and income levels

I love how you styled your hair! Plus I really like your videos. You’re out here doing the lords work, bringing these important topics to the light.

💁🏾‍♀️ ME = cash baby from the 80s...88 to be exact 👀! & love some good ole dependable dirty paper money 🤑💰! No cards learned that in my 20s at MACYS 😂 cute & not 2 nickels ❤

The girl who said "vacation is a luxury" ...woman, you jist said ypu travel for work meaning to never get to paid.

Ngl if you use Afterpay or Klarna for food… you might wanna reconsider doing better in life! Idc idc! I’m judging because why are you spending money on stuff you really don’t need but want it cause of a “trend” but you’re limiting yourself for food? Nawllll change that spending around especially in this economy… I rather focus on groceries; bills… cause you’re supposed to owe others before you owe yourself!

I use clearpay to buy my supplies for my business so I can do one big order rather than fiew small one and I just pay every 2 weeks. Works for me well instead of paying upfront but I can still afford this without paying later option 🙃

I love you!! You always lighten my day!!💕

Klarna, Afterpay & Zip are not bad if you pay on time & have self control. Their fee is like $3 max and their late fees are $10 max, if you go overboard on those, you have bigger problems 😂

Buy now pay later brings your money from the next month to this month, it is not for poor people, it is not for rich people, it is for reasonable people. The moment you spend all of your next months savings, everything until the third month is just paying bills, do not delude yourself into thinking that you can waste the companies money, run off and they will wipe your record clean. Buy now pay later is very good for emergencies, like you budgeted but you only saw a very important (cheap) item at the last minute, save BNPL for it then.

If you have the funds to pay for something in increments over months, then just save up instead. The issue is people don't have the willpower and willingness to save up for something, they want everything now they dont want to wait. Saving up over time and finally being able to buy that thing you really wanted is so much more rewarding mentally than buying it immediately.

10:00 lmao 🤣 girl if you were moving the angles around like that I’d be dizzy ! Hahah 😂

Girl, you had me laughing with your attention span angle-taking comments of TikTok girl. She be cray! It's so true about how they're frantic and constantly posing and changing their angle, all because viewers have the attention span of a gnat!

This is layaway and not a new thing. Recycled. When it went out people were putting layaway on everything, not just appliances but clothes too. When walmart came around they did it for a while. Let's me know the time we're in, these things went out with Kmart when I was a kid.

Why do people always say financial literacy is not a part of school? I graduated in 2012 (from a school in ALABAMA), and even we had financial and political literacy classes.🤷🏾‍♀️

If I can afford to pay for something right now, then I will. However, if I see something that I want, then I will budget cut everything else and save up for that thing. After that, I'll go back to saving up for the long-term things. I don't know why, but it feels so good to be putting down money for something you want and then at end being able to say "here, I'd like to purchase this item please" all cash or card.

I'm from the era of actual layaway... So she's talking to Y'ALL lol

one thing cardi b said is so true “if you can’t buy 2-3 of that item don’t get it” buy now pay later can be good if you’re really struggling but only if you’re certain you are able to pay it back on time

If you’re unable to save up for a trip in advance, what makes you think you can pay it off after the fact?

I just found out that these pay later apps do NOT affect your credit. Use responsibly and it can improve your quality of life.

You can’t be trying to go on luxury vacations while not having luxury money. You don’t need to go on a trip to the Bahamas, you want to go there. If you want a vacation that badly drive a couple hours out to a nice hotel and get the same exact experience for cheaper while not being in debt lol

6:16 Queen i could find equivalent items to all of those clothes at my local thrift stores for max $30......

I started doing like my grandparents did buy everything cash. It's comes out way cheaper.

literally got an ad for a buy now, pay later service before this vid 💀

15:26: It's okay to be uncomfortable on your finacial journey. I love this girl❤❤❤

I love your take on this! ❤

i am a fresh new sub and i look forward to your videos each day, get super excited when its a longer one! 😀

As a mom these days thank you for the content you provide, and stationary camera views! ❤

once i bought clothes buy now, pay later i accidentally picked an app that i didnt have on my phone 😪 it got $150 extra, and im broke already so damn i got so anxious and mad at myself! so pleeease at least make sure u pick an app u actually have downloaded 😭

More like "buy now, pray later" 😂

I’m a bit late to this video, but I just wanted to say that I am going into my sophomore year, and I actually have two classes related to finances! The first one is Economics, Social Studies, and Advanced Studies (EC SOC ST ADV STU 1), and the other class is Personal Financial Literacy. I'm thankful that these classes are being offered to help students manage and understand their money more effectively! :3!

I started using my 401(a) as my credit line for large purchases/purchase amounts. The interest is low and goes back towards my retirement. I’ve greatly increased my retirement savings doing this and still get to make large purchases.

When i first saw that you could buy your food on klarna i was shook. People got to realize how bad that is

17:00 you know what’s crazy, Apple sent me an email a couple of months ago about how they’re not doing the pay in 4 system anymore… But was very quick to clarify they’re still wanting the payments 😂

I was always told if you can't pay for it right now you can't afford to put it on a credit card. A lot of people buy things they don't need. Now if I was told they are using Afterpay and Klarana for groceries that is another story but Sephora hauls? Nah, you don't need that.

If you don't have the money for it that means you don't need it.

Ok, please do a video on the decline on attention span plz. 🙌

Thank you for speaking about this. We need more women who talk about money.

I thought I saw one of those RU-vid play button plaques in the background ✨️ I think that may come very soon! 🙏 Good work dear. Your videos are 🔥☺️ I get excited when I see you post new stuff lol much love and respect 🧡🤎🧡

What I don't get is, why if you can't afford the 1-2K a vacation (which is understandable) but you could afford to pay 100-200 a month for the next 1-2 years, why not just put aside that 100-200 a month and go once you've saved it?

I’m going to finish paying Klarna their $74 next week and I’m deleting the app afterwards 😮‍💨 this time I’m not reinstalling the app 🥴

Omg I was just talking about this with my sister in law. It seems like it’s helpful but it’s really putting you into debt!

Grew up thinking my mom was rich but no, she was using credit cards. Now she is drowning in debt and that’s why I’m frugal, I do not want to be in that situation

I only use buy now, pay later for concert tickets. I don't use it often because I only got to expensive concerts (150+) maybe 3 times a year. One I use it I add it into my budget for the next month or so until it's paid off. That's how you should use those apps. I only allow myself to have 2 or 3 ongoing purchases at a time, if that.