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
Sign up for a free 34-day trial of YNAB at www.youneedabudget.com
342 - Motivation the Grind
341 - Broken Budgets
339 - API
340 - FOMO
YNAB Interview with Mike Michalowicz
338 - Budgeting is Spending
337 - Taking a Vacation from Budgeting
336 - Better Halves and Budgets
Ep 07 Debt Story: Meet Jennifer
335 - Money Stops, Obligations Keep Coming
Ep 06 Debt Story: Meet Sydney
334 - Parenting is Hard, Not Expensive
Ep 05 Debt Story: Meet Brittany
332 - Antifragile Finances
Ep 04 Debt Story: Meet Daniel
333 - Lowering the Baseline
Ep 03 Debt Story: Meet Andy & Melissa
330 - Is Eating Out Eating Your Budget?
Ep 02 Debt Story: Meet Tom
331 - Sacreligious Budgeting
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