Remember lay-by?

If you're from my generation, you'll remember that when you wanted something you couldn't afford, you paid it off bit by bit... 

… but you didn't get to take it home until it was fully paid off.

These days, we have "buy now, pay later".

This gives you instant gratification with the goods in hand immediately.

And while it might seem like a harmless middle ground between not having cash and not wanting to use a credit card...

The reality is far more concerning than most people realise.

Recent research shows that 43% of buy now, pay later users made late payments in the last year alone.

Even more alarming…  

14% of users are now relying on these loans to pay for groceries and other necessities.

In this eye-opening episode of the Women of Wealth Podcast, I'm pulling back the curtain on the buy now, pay later trap that's ensnaring millions of consumers.

Here's what you'll discover in this episode:

• How buy now, pay later companies are partnering with major retailers like Big W, Kmart, and even DoorDash to make debt more accessible than ever
• Why these "small" loans are actually being treated as personal loans by lenders and how they're destroying people's borrowing capacity
• The psychological tricks these companies use to encourage impulse spending and make debt feel "manageable"
• 7 critical things you must know before using buy now, pay later services (including the hidden impact on your credit score)
• How to break free from the buy now, pay later cycle and create the life you want without accumulating debt
• My proven strategies for budgeting, finding discounts, and focusing on quality over quantity
• The 3 financial principles that will help you experience more peace and security around your money

Remember, these services might feel different from traditional debt, but make no mistake.

You are borrowing money that you'll have to pay back…

… often with serious consequences if you don't.

Don't let the convenience fool you into a financial trap that could impact your future borrowing capacity and financial freedom.

Ready to learn how to protect yourself and make smarter financial decisions?

Click here to listen now>>>

Disclaimer: This podcast is intended for educational purposes only and should not be construed as investment advice or a recommendation. Any financial strategies or examples discussed are provided in the context of the theme being explored, and the views expressed are those of the presenter at the time of the recording. Please seek advice from a qualified professional before making any investment decisions.