Buy Now Pay Later convenience or trap

"Buy now pay later" (BNPL) is a payment option that allows customers to purchase items without paying the full price upfront. Instead, they can pay for the items in installments over time. The concept of BNPL has been around for many years, but has become more popular in recent times with the rise of online shopping. On the surface, BNPL seems like a great convenience. It allows people to buy items that they might not otherwise be able to afford, and gives them more flexibility when it comes to managing their finances. However, this convenience can come at a cost. One of the main concerns with BNPL is that it can lead to overspending and debt. When people don't have to pay the full price upfront, it can be easier for them to buy more than they can afford. Additionally, the interest and fees associated with BNPL can quickly add up, making it more expensive than other payment options. Now lets discuss some of the major pros and cons of buy now and pay later method. Pros o...