Buy now, pay later, to buy now, make a PROFIT.
By Oliver Rahman What if you could buy something, and make more than you put in? It feels strange to even think that, when you buy something for $100, you don't get "change" of $110 do you? After reading this article, however, you're going to be shocked to see, that in a way, you really can . As a Finance major, I strive to learn more about finance and all the ways to spend, save and make money. A fascinating (and yet dystopian) thing I came across was buy now, pay later (referred to as now on as BNPL). Buy now pay later is a tool used by consumers to buy everyday items for nothing upfront and paying the items off over a course of weeks/months. Companies like Affirm and After pay offer 0% interest on these payments, unless you miss a payment. If you miss one, you'll be paying back more than you originally paid. Think of these companies as loans for small things. BNPL is mainly used by the younger generation, with 58% of gen z and 64% of millennials. Many critic...