Fintech has come up with a new way for making purchases online with Buy Now Pay Later apps. But is 'buy now, pay later' just another form of debt? Do these new apps actually help your budget or fast track financial problems? On today's podcast, we have first-time guest and Hoyes Michalos LIT Jennifer Kwon who walks us through how these apps work, how they benefit from people using them, and she simplifies the terms and conditions so you know what you're signing up for. And Doug Hoyes does the math to show much you'd really pay in interest if you fall behind on payments. Jennifer and Doug also share practical advice for how to use these apps safely to avoid financial trouble. Tune in to this episode for lots of great insight.

Resources Mentioned in the Show:

Leon's Financing: https://www.leons.ca/pages/visa-desjardins-financing

Coupon Follow's Millennial Shopping Report: https://couponfollow.com/research/millennial-shopping-report

Afterpay App: https://www.afterpay.com/en-ca/index

Afterpay's Annual Report: https://www.afterpay.com/attachment/315/show

Afterpay & Debit Card Usage: https://www.afterpay.com/attachment/67/show

Afterpay Instalment Agreement: https://www.afterpay.com/en-CA/instalment-agreement

Sezzle App: https://sezzle.com/

Sezzle & Credit Score Impact: https://shopper-help.sezzle.com/hc/en-us/articles/360046383071-How-does-Sezzle-impact-my-credit-score-

Sezzle Late Fees: https://shopper-help.sezzle.com/hc/en-us/articles/360046781511-Why-was-I-charged-a-fee-

Sezzle Info on Purchasers Spending More in App: https://sezzle.com/merchants

Paybright: https://paybright.com/en/break-up-the-cost-7