Happy Fourth of July to the American YNAB'ers out there!
Following Apple's recent announcement of their "Apple Pay Later" plan, in which customers can split the cost of purchases over multiple installments using Apple Pay, Jesse rants about the state of financing among successful companies. As he has noted before, nearly all successful companies eventually become finance companies, and Apple is no exception.
Buy now, pay later (BNPL) plans may be good for Apple's bottom line, but they are bad news for consumers. Research has discovered that people tend to buy 40% more with BNPL plans than they would have with cash. Then of course there is the interest and penalties that come with missed payments. Jesse has a bone to pick with this...
Send Jesse an email at:
askjesse@ynab.com
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Doing Nothing Is Something
Budgeting for Lady Luck
Opting Out of Credit Cards (A Bit)
Scratching the Gambling... Er, "Investing" Itch
Optionality and Managing Your Fixed (or Growing) Expenses
Optionality & Why You Should Follow Rule Two Instead of Paying Down Debt
Incentives and Your 401(k)
Opting Out of the Credit Card Game
January Burndown 2020
The YNAB Debt Bootcamp
Why I Hate Debt Pt. 4: The Corporations
Why I Hate Debt Pt. 3: Cost of Opportunity
Why I Hate Debt Pt. 2: Constraints & Creativity
Why I Hate Debt Pt. 1: Cash
Handling Wildly Variable Income
A Business Podcast?
Why?
Sowing the Seeds of FI
Arbitrary Milestones
Categories Below the Line
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