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4 payments of $25 that's not bad
but one of the the trap is is it

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feels like it's no interest for 
now. 

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It feels like it's affordable 
but it is still debt. 

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So buy now, pay laters have 
become more and more popular, 

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and I think one of the things 
that makes them so appealing is 

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that it feels like it's like 
budgeting, right? 

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Hey there, I'm Jules the budget 
nerd and welcome to the Debt 

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Rebel show. 
This is the place where working 

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families like yours learn how to
stop living paycheck to 

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paycheck, crush debt for good, 
and build a life where money 

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actually works for your family. 
In about 15 minutes, I'll share 

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practical family budgeting tips,
tough love strategies, and 

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actionable steps to move toward 
debt free living without the 

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fluff, the shame, or the 
confusion. 

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And I know a thing or two about 
this. 

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My family and I have eliminated 
over $107,000 in consumer debt, 

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and that was after I got my 
degree in economics. 

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So stay tuned. 
This is going to be a great 

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episode. 
So grab that coffee, your 

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planner, whatever you need to 
make this a great experience, 

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maybe a snack if you're like me 
and let's make your money work 

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for your family. 
So buy now pay laters have 

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become more and more popular. 
And I think one of the things 

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that makes them so appealing is 
that it feels like it's like 

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budgeting, right? 
Because we're making smaller 

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payments. 
So it feels like it's more 

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affordable, whatever it is that 
we're buying. 

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And so you're like 04 payments, 
25 bucks, you know, $100, right?

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Four payments of $25. 
That's not bad, but one of the 

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the trap is is it feels like 
it's no interest for now. 

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It feels like it's affordable 
but it is still debt. 

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The thing is you are setting up 
your future self for more, more 

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problems, right? 
So it is more things to think 

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about. 
It's more stuff to keep track of

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or not keep track of. 
And then it starts coming out of

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your bank account and you're 
like just scrambling, right, 

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because you forgot about it. 
So it's just like this, this, 

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this, we can stack these things 
on top of each other. 

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And so then it becomes just like
making one other large payment 

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maybe to a credit card or 
something like that. 

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So it feels good. 
And the thing about that is, is 

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retailers and marketers know 
that. 

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That's why that was created, 
because this is a way of 

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delegating your personal 
budgeting. 

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The reason why I don't advise it
and I don't think that you 

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should do it is because it is. 
It's just kicking the can 

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further down the road and 
setting yourself up for failure.

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And so when my husband and I had
our huge amount of debt, this 

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wasn't one of the things that we
did. 

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But it's basically like, it's 
kind of like a credit card, but 

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it's not because they're not 
doing credit checks and they're 

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not, there's no, there's no 
application fee or anything like

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there's nothing. 
They're just taking, you know, 

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if you do 20 for the $100 
example, they're taking $25.00 /

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4 four payments out of your 
account. 

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And so one thing that you can do
when we're going to talk about 

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this in a minute is how you can 
still buy the thing and 

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accomplish that goal without 
using the buy not pay later. 

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So let's talk about what the 
hidden costs are of using buy 

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Not pay later. 
Because everyone will talk about

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like marketers and retailers 
will talk about the things that 

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are really good about it and the
benefits for you. 

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But they will not talk about 
these things because one, they 

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don't want you to know about 
them because then it will 

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discourage you from using them, 
right? 

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So I'm here to say, hey, is like
you're, you know, older sister 

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who's been through all of this 
stuff and sees things for what 

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they are. 
And when it comes to your 

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finances, this is 1 area. 
Do not, do not do this, OK? 

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And it can completely derail 
your finances because it can add

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up very quickly. 
So some of the hidden costs that

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we that aren't talked about 
openly are the late fees. 

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Some of them those can rack up 
really quickly. 

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So instead of having say, for 
instance, on a credit card, you 

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have a balance and they charge 
you one late fee. 

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But if you have 10 of these buy 
now pay laters and you have a 

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late fee on one of those, boom. 
But if you have them on 10 of 

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them, Oh my gosh, talk about 
that runaway freight train, 

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right? 
Then enter in overdraft fees. 

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Because if they try and take 
that out and you don't have the 

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money in there, then you have 
overdraft fees on top of it, 

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right? 
Then there is that impulse buy 

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feel. 
It increases that because 

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retailers know, hey, I can buy 
this now for $25 today. 

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It's really cost me $100 over 
time, but $25 sounds more 

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manageable when I look at my 
bank balance right now, right? 

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So then you're going to buy that
versus looking at your decision 

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and saying, is this something 
that I absolutely need? 

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Is it intentional spending? 
I feeding an impulse? 

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Am I looking for that dopamine 
hit? 

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Does this line up with what my 
family has planned for our 

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spending for the month? 
It it's it increases that odd. 

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It increases the odds of those 
impulse buys. 

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Everything is it will just put 
your budget into chaos. 

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So if you if those buy not pay 
laters aren't accounted for in 

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your budget and they come out, 
then that's just going to derail

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your whole budget. 
It's going to derail the 

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progress, but it's also going to
eat away at the way that you 

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feel about your money and the 
way that you spend it. 

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All right. 
And another thing is there's an 

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emotional cost in this. 
And so there is those, you know,

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like the always that feeling 
like, Oh gosh, is that again 

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about to come out now? 
Is that about to come out now? 

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And not being able to track 
those things and having, having 

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those come out and the anxiety 
of looking at your bank account 

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going, Oh, that's right. 
That came out because that, you 

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know, it's due this week. 
And you know, I, I space that 

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out over a certain amount of 
time, but I can't remember 

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because I did this other thing 
and it's just eating away at a 

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lot of our mental capacities. 
And so that's why it's much 

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better to just buy the thing 
when you buy it, But it is much 

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better to when you buy an item 
is pay for it then. 

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And so that's what this whole 
podcast is about is not using 

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credit and this is credit buy 
now, pay laters are credit. 

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They are not marketed that way 
because marketers and retailers 

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know that if we just make it, if
we kind of, you know, shine it 

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up and make it a little bit, if 
we present it a different way, 

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then it's not going to be as 
painful because it's going to a 

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but it's still going to affect 
us the same way. 

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So another thing is it will 
sabotage those long term goals. 

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So it gradually will eat at that
cash flow, which is where which 

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is your most valuable financial 
asset. 

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So when I talk about cash flow, 
that is the money that's coming 

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in and the money that's going 
out is that that money that you 

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have to spend, That's your cash 
flow. 

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So that's where you know, for 
lack of a better term, that's 

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where the money is, right? 
I'm literally because we are 

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spending our money that comes 
into our household and we're 

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getting every single, every 
single dollar that comes into 

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our household a name. 
And so whether that's paying off

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debt, if it's savings, if it's 
our kids, extracurricular 

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activities, if it's groceries, 
that kind of stuff, every single

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bit. 
And so when we do those buy not 

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pay laters, they gradually eat 
away at that cash flow. 

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And so we can sabotage those 
long term goals by doing that. 

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So it also helps condition your 
brain to normalize debt as a way

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of life. 
I absolutely think that there's 

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another way to do life. 
It doesn't. 

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And and debt doesn't have to be 
the way that you do it. 

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The other thing about the buy 
now pay laters is it keeps 

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families living paycheck to 
paycheck even when you're making

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decent money. 
And so this is like, if I could 

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sum up what I do, this is it 
right here because I hear this 

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all the time. 
I'm living paycheck to pay, but 

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I make good money or I make 
decent money or have a good job.

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This is where these little 
marketing tactics, the buy now 

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pay laters can really sabotage 
and eat away at your family's 

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income but your goals. 
So this is how you can get into 

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that paycheck to paycheck cycle 
or you can stay in that paycheck

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00:08:13,000 --> 00:08:17,400
to paycheck cycle. 
So now we know like the hidden 

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cost, we know what buy now pay 
later is all about and who's you

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know who benefits from it. 
Spoiler obviously, right? 

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It's not you. 
So what do you do? 

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OK, so if you're in this cycle, 
what do you do? 

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How do you break out of it? 
So First off is, and this goes 

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for all types of debt is just 
stop opening new new payment 

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plans, stop opening credit 
cards, but the buy now pay 

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later, stop opening new payment 
plans, not step number one. 

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Then step number 2 is looking at
all of those buy now, pay later 

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payments that you have set up. 
OK, this might take a little bit

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of effort, but list them all out
and then add those to your 

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budget every single month, 
whatever it is. 

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So if those are paid on a weekly
basis, make sure that you have 

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the total amount for the month 
added into your every dollar 

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00:09:02,840 --> 00:09:07,880
budget or your spreadsheet or 
whatever you use to to budget 

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your money is add those in there
and then you're going to start 

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knocking them out like there are
many snowball. 

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Just get those going as fast as 
possible. 

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Whatever that smallest one is, 
knock it out and then move on to

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the next one. 
So you're going to list those 

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out by smallest to largest 
balances. 

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And then that first one, any 
extra money that you have from 

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budgeting is make sure that you 
put that towards that smallest 

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amount while you're paying the 
minimum amount on each of the 

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rest of them. 
Then the next step is, and this 

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is what I'm going to talk about 
this in a future episode, but 

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about affordability. 
If you can't afford to buy it 

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right now for the price that 
it's listed for, you cannot 

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afford to buy it. 
So if you, if you don't have the

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money to say, for instance, you 
bought that $100 item and you 

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previously would have used the 
buy, not pay later, you know, 

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$25 a week. 
If you can't buy it for $100 

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00:10:02,080 --> 00:10:04,640
right now, don't buy it. 
It means you can't afford it. 

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So I'm going to talk about 
affordability in a future 

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00:10:07,240 --> 00:10:11,000
episode because I think that 
that's such a interesting term 

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00:10:11,040 --> 00:10:15,200
that we throw around a lot, but 
I think it can be misunderstood.

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00:10:15,200 --> 00:10:18,160
So stay tuned for that. 
So what are some things that you

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can do once, OK, so you've got 
you broke out of that by now pay

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later cycle and then what can 
you do to avoid that? 

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So here are some ways that you 
can accomplish that goal. 

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00:10:30,280 --> 00:10:33,840
I like to say accomplish that 
goal for less effort, maybe less

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00:10:33,840 --> 00:10:35,960
money. 
That's always a win, right? 

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00:10:36,000 --> 00:10:38,840
So creating sinking funds, and 
this is really great, especially

194
00:10:38,840 --> 00:10:42,040
for like holiday spending or 
regular expenses that come up 

195
00:10:42,040 --> 00:10:44,880
but aren't necessarily on a 
specific timeline. 

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00:10:44,880 --> 00:10:48,160
Well, I mean, for instance, like
my family has a sinking fund set

197
00:10:48,160 --> 00:10:51,480
up for our next car because we 
don't know when we're going to 

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00:10:51,480 --> 00:10:54,640
purchase that, but we have money
that we're saving towards every 

199
00:10:54,640 --> 00:10:57,440
single month and we put it in a 
bank account and that's what 

200
00:10:57,440 --> 00:11:01,880
that sinking fund is about. 
So it is for things like that, 

201
00:11:01,880 --> 00:11:04,440
you would normally have spent 
buy now, pay later money on 

202
00:11:04,720 --> 00:11:07,160
that. 
You will set up and have a 

203
00:11:07,160 --> 00:11:09,240
separate account if that works 
for you. 

204
00:11:09,280 --> 00:11:12,520
I like to keep them separated so
it doesn't come out of our bills

205
00:11:12,600 --> 00:11:15,680
on a regular basis. 
So we have one set up for the 

206
00:11:15,680 --> 00:11:19,200
item that we're saving for. 
So especially for like holiday 

207
00:11:19,200 --> 00:11:23,960
spending, that kind of stuff, we
have, you know, like I said, for

208
00:11:23,960 --> 00:11:26,880
a new car, a new to US car, that
kind of stuff. 

209
00:11:27,200 --> 00:11:30,720
And then another thing you could
do is if this is an area where 

210
00:11:30,720 --> 00:11:34,760
you that impulse buy comes in 
and you're like, I want that. 

211
00:11:35,080 --> 00:11:38,040
And so it's just you normally 
would have gone to the buy not 

212
00:11:38,040 --> 00:11:41,800
pay later option is set in your 
budget. 

213
00:11:41,960 --> 00:11:45,000
A the line item, fun money. 
You can call it whatever you 

214
00:11:45,000 --> 00:11:46,680
want. 
I have clients call it all kinds

215
00:11:46,680 --> 00:11:48,680
of things. 
My mom growing up called it mad 

216
00:11:48,680 --> 00:11:51,440
money. 
But set a realistic amount in 

217
00:11:51,440 --> 00:11:55,120
there that you would spend. 
So maybe look back at what your 

218
00:11:55,120 --> 00:11:58,480
normal, maybe what your last, 
you know, 5 or 10 buy now pay 

219
00:11:58,480 --> 00:12:02,200
laters were, look at what those 
items are and then add that to 

220
00:12:02,200 --> 00:12:06,120
your monthly budget. 
And then look and see are those 

221
00:12:06,280 --> 00:12:09,280
a couple other things are 
recognizing some patterns with 

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00:12:09,280 --> 00:12:11,440
that within those buy now pay 
laters. 

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Is it you're buying those things
at a certain time of the day. 

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So maybe you're wake up in the 
middle of the night like most of

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us do and you have your phone 
next to you. 

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If that's the case, then maybe 
you need to create some 

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boundaries there to help you 
with that. 

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The other thing is if it's a 
specific time where you're just 

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like stressed or you're bored or
whatever is recognizing the 

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feelings and the emotions behind
some of those purchases and then

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creating a plan with to work 
through those. 

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The other thing is to think 
about the price per use instead 

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of payment per week thinking, 
OK, say for instance, you're 

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you're the item that you're 
purchasing that you normally 

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would purchase on the buy now, 
pay later was a sweater. 

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So one of my personal things is 
I don't like to make financial 

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commitments in the future unless
I know that I can follow through

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with them. 
And the only way I know that I 

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can follow through with them is 
if they're in my budget, right? 

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So if it's not written down in 
my budget, it doesn't happen. 

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So this is a this is a common 
thought among among people, 

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especially if they're living 
debt free lifestyles is and 

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money, money wise thinking is 
thinking about how often you're 

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going to use the item and and 
purchase it based on the amount,

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like the number of uses you're 
going to get out of it. 

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Instead of the payment per week 
for installments of something 

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that's a sweater that maybe 
you're going to wear a few 

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times, right? 
Think about how how you're going

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to use the item and then decide,
OK, so the sweater is $100. 

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Normally if you're using the buy
not pay later method, you would 

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be spending $25 each week on 
this sweater, right? 

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But the way you want to think 
about it is the total amount is 

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every single time I wear it. 
If you wear the sweater one 

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time, it cost you $100. 
If you wear the sweater twice, 

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then that's $50 per use. 
And then if you wear it four 

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times, that's when it comes in 
at $25. 

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And so thinking about if the 
thing I'm about to buy, is it 

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worth the amount that I'm going 
to be using it. 

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So this is an obviously this 
kind of comes into things that 

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you're going to be using on a 
regular basis. 

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Yes, there are going to be times
where you're going to splurge on

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something that you're only going
to wear once, Hello, wedding 

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dresses, that kind of stuff. 
But what do you do on a regular 

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basis when it comes to these 
buy, not pay laters and you're 

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tempted with those is thinking 
through is this actually, is 

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this item worth what I'm about 
to pay for it And spreading it 

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out is not the best option. 
So if you're listening to all 

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this and you're like, I have 
fallen into this trap before, 

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but I don't want to keep doing 
this and I want to get my money 

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00:14:54,600 --> 00:14:59,280
under control for 2026. 
I would love to invite you to be

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00:14:59,280 --> 00:15:01,520
a part of something that we're 
doing here. 

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00:15:01,920 --> 00:15:04,240
And it's only available for my 
e-mail subscribers. 

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00:15:04,240 --> 00:15:07,560
So you got to make sure you jump
into my e-mail and it's the 12 

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00:15:07,560 --> 00:15:10,440
days of Christmas promo. 
There's going to be some really 

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00:15:10,440 --> 00:15:12,240
amazing stuff. 
There's going to be some great 

276
00:15:12,240 --> 00:15:14,280
trainings, there's going to be 
some freebies, there's going to 

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00:15:14,280 --> 00:15:17,880
be tools that are going to help 
you get set up for 2026. 

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00:15:17,880 --> 00:15:20,320
And so like I said, it's only 
available for my e-mail 

279
00:15:20,320 --> 00:15:22,320
subscribers. 
So if you go to my website, 

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00:15:22,320 --> 00:15:25,800
debtrebelpodcast.com. 
So the cool thing about the Debt

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00:15:25,800 --> 00:15:29,440
Rebel Starter Kit is it's 
totally free and it's going to 

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00:15:29,600 --> 00:15:33,680
get you into our e-mail 
community so I can share some 

283
00:15:33,680 --> 00:15:36,920
more information with you about 
the 12 days of Christmas and you

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00:15:36,920 --> 00:15:40,880
can finally say goodbye to buy 
now pay laters and put your 

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00:15:40,880 --> 00:15:44,560
money to work, work for you and 
what you want for your family in

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00:15:44,560 --> 00:15:47,800
2026. 
So let's recap a little bit 

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00:15:47,800 --> 00:15:52,360
because buy now pay laters are 
like the is debt wearing a super

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00:15:52,360 --> 00:15:54,600
cute outfit. 
OK, we're going to we're going 

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00:15:54,600 --> 00:15:57,440
to say goodbye to her. 
The buy now pay later, we're 

290
00:15:57,440 --> 00:16:01,360
going to say goodbye to her. 
I want you to know that you are 

291
00:16:01,920 --> 00:16:05,640
that it is absolutely possible 
in today's day and age to live 

292
00:16:05,640 --> 00:16:08,320
without payments. 
And I want to show you how. 

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00:16:08,320 --> 00:16:10,840
And that's where that starter 
kit comes in is going to help 

294
00:16:10,840 --> 00:16:15,080
you make the most use of your 
next paycheck and help you align

295
00:16:15,080 --> 00:16:18,440
your personal goals with your 
budget. 

296
00:16:18,440 --> 00:16:20,720
And jump on that website, jump 
on my website at 

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00:16:20,720 --> 00:16:25,080
debtrebelpodcast.com and you can
grab that starter kit and we 

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00:16:25,080 --> 00:16:26,960
will see you in the next 
episode. 

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00:16:27,080 --> 00:16:29,800
Thank you for tuning into the 
Debt Rebel show today. 

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00:16:30,040 --> 00:16:33,040
Ready to take your family 
budgeting to the next level? 

301
00:16:33,360 --> 00:16:37,160
Stop that paycheck to paycheck 
grind and start living debt 

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00:16:37,160 --> 00:16:39,440
free. 
Head over to my website 

303
00:16:39,440 --> 00:16:48,040
debtrebelpodcast.com. 
That's DEBTREBEL podcast.com to 

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00:16:48,040 --> 00:16:51,000
grab resources, tools and tips 
to make it happen. 

305
00:16:51,560 --> 00:16:54,480
And don't forget, subscribe, 
leave a review. 

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00:16:54,480 --> 00:16:57,640
And if you know another family 
that will love hearing today's 

307
00:16:57,640 --> 00:17:01,960
episode, it would be such a gift
for both of us, your friend and 

308
00:17:01,960 --> 00:17:04,400
me. 
If you share this episode and 

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00:17:04,400 --> 00:17:07,680
remember your debt free life 
starts with one brave step and 

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00:17:07,680 --> 00:17:09,720
I'm cheering you on every step 
of the way. 

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00:17:09,880 --> 00:17:11,040
We'll talk soon. 
Debt Rebel.