TheLiveBigWay® Digest: The Smart Borrower
You’ve likely noticed a rise in “Buy Now, Pay Later” (BNPL) options that allow shoppers to pay for a portion of their items today and the remaining balance over a set period of time. From laptops to late-night tacos, BNPL loans are changing how we shop. But before you click “Pay Later,” discover how this convenient trend could impact your credit, budget, and long-term financial health, and how to avoid common traps that turn small payments into big problems.
Credit and debt touch nearly every corner of financial life, but how they actually work isn’t always taught until experience forces the lesson. Sydney Woodward, CFP® and Will Tracy, CFP® walk through the fundamentals in a new video presentation that covers how your credit score is calculated, smart strategies for paying down debt, and more. Watch the presentation here.
Have you ever wondered which debts are worth paying off early and which ones are better left alone? Our team breaks down how to think about debt prioritization, when it makes sense to reach out to creditors directly, and why pausing savings contributions might sometimes be the smarter move. Get the answer to this question and more on our Ask Us Anything page. And if you have a question of your own, we’d love to hear it!
Graduation season has a way of bringing financial questions to the surface. Whether you have a new graduate in your family or simply want to share something useful, our library has a few pieces worth passing along, from who pays for college and smart starts for students, to practical guidance on making student loan debt manageable from day one.
