New Horizons Credit Union Blog

Congratulations on reaching the final step of the Financial Wellness series! At this stage, it's time to review and adjust your financial plan to align with the changes in your life. Take a moment to revisit each step and evaluate whether any tweaks are needed based on your current financial situation. Keep in mind, financial wellness is a dynamic process, not a one-time checklist—it's about continuously adapting as your goals and circumstances evolve. All comments within the New Horizons Credit Union blog are the responsibility of the commenter, not the blog owner, administrator, contributor, editor, or author. By submitting a comment on our blog, you agree that the comment content is your own and to hold New Horizons CU and all subsidiaries and representatives harmless from any and all repercussions, damages, or liability.

Buy Now, Pay Later (BNPL) services have become increasingly popular, especially around the holiday season, offering an easy way to split payments over time. However, while BNPL services can provide flexibility, they come with both benefits and potential risks. Let’s take a closer look at the advantages and disadvantages of using BNPL services: Advantages 1. Immediate Access to Purchases: With BNPL, you can get the items you need or want right away, even if you don’t have the full funds available upfront. This can be particularly helpful for big-ticket purchases or last-minute holiday shopping.  2. Budget-Friendly Installments: BNPL services divide your payments into smaller, manageable installments. This allows you to fit purchases into your monthly budget without disrupting your cash flow or breaking the bank all at once.  3. Interest-Free Periods: Many BNPL options offer interest-free payment terms, meaning if you pay off your balance within the designated ...