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Podcast: The Jesse Mecham Show
Episode: Debt and Pay Later Plans: An Independence Day Rant
Description: Happy Fourth of July to the American YNAB'ers out there! Â Following Apple's recent announcement of their "Apple Pay Later" plan, in which customers can split the cost of purchases over multiple installments using Apple Pay, Jesse rants about the state of financing among successful companies. As he has noted before, nearly all successful companies eventually become finance companies, and Apple is no exception. Â Buy now, pay later (BNPL) plans may be good for Apple's bottom line, but they are bad news for consumers. Research has discovered that people tend to buy 40% mo...