Don’t pay later, pay NOW!

3 min read

The idea of buying on credit, meaning you get your product now and the bill (the pain of paying) later, is as old as time. Well, maybe not that old, but the I O U business has been around for a while. But it seems to have gotten a newly marketed sheep’s skin to trick the new generation to buy into the wolf. I recently read an article about Klarna, a Swedish bank quite heavily promoting “buying now but paying later”, even with the ability to “slice” your payments. Their “slice it” seems very popular, and the ability to split…...

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Merle van den Akker Merle van den Akker is a PhD student in Behavioural Science, at the Warwick Business School. She studies the effect different payment methods, especially contactless and mobile methods, have on how e manage our personal finances. In her "free" time she writes articles on personal finance, behavioural science, behavioural finance and life as a PhD student, these are all published on Money on the Mind. With DDI, she writes on personal and behavioural finance, to ensure that knowledge from academia trickles into the mainsteam, and can help as many people as possible!