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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Fixing the Paycheck to Paycheck Cycle
Rule Four and Waistlines
Rule Three is War
Rule Two Broken Down
Rule One Broken Down
DIY FTW
Singular Focus on the Shovel and its Size
Testing Rounding Up
Is it Going Up?
It's for the Children
Bonus Episode: Kristy Shen and Bryce Leung Interview
Should You Start Over
The Clothing Credit Card Experiment
The Ideal Budget
A Report on Manual Entry
Bulking and Cutting
A Thin Slice of Cheese
That's Progress
Is Wanting It Enough
Bonus Episode: Ramit Sethi Interview
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