Flourish eMAG Apr 25 - Flipbook - Page 50
MONEY
A SMART CHOICE
OR A DEBT TRAP?
By Con Barbayannis, CPA
n recent years, Buy Now,
Pay Later (BNPL) services
have exploded in popularity
across Australia and the world,
offering a tempting way to shop
without paying upfront.
I
Whether you’re eyeing a new
pair of sneakers, upgrading
your phone, or just trying to
spread out the cost of everyday
purchases, BNPL seems like the
perfect solution.
But is it really as good as it
sounds?
