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RE: LeoThread 2025-05-06 09:47

in LeoFinance5 months ago

Part 8/9:

Navigating the BNPL Landscape Responsibly

Given the evident risks associated with BNPL schemes, it is essential for consumers to approach these systems with caution:

  • Be Mindful of Spending: Treat BNPL as if it were cash, only purchasing what you can afford. Think critically about whether that immediate purchase will have lasting value.

  • Automate Payments: To combat the risk of late fees, automating payments can help ensure that consumers do not miss due dates.

  • Practice Delayed Gratification: Instead of immediately utilizing BNPL, saving for larger purchases in advance can ultimately promote healthier financial habits.