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Discussed on Reddit: How Should I Pay for My Holiday Purchases?
Nearly 74% of holiday shoppers plan to use credit cards, while experts warn that buy now, pay later services carry risks if payments are not managed carefully.
- As we approach the holiday season this year, Reddit users debated credit card use, while NerdWallet found 74% of shoppers plan to use cards this year.
- Lucas Wennersten advised evaluating credit card offers carefully, noting some cards offer a 0% financing window to spread expenses if paid off before it ends, but interest and rewards lose value if balances remain.
- Warning on BNPL came as data show meaningful uptake, with Carl Goodin, CFP and president of Financial Planning Associates cautioning that juggling multiple BNPL purchases can trigger fees, while 18% plan to use BNPL this year.
- NerdWallet's data shows shoppers plan a mix of payment methods, with 74% using credit cards, 29% using savings, and 10% using cash-advance apps this year.
- Goodin suggests setting money aside months in advance for next year, urging flexibility in spending plans to avoid interest and maintain priorities.
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39 Articles
39 Articles
Coverage Details
Total News Sources39
Leaning Left4Leaning Right4Center17Last UpdatedBias Distribution68% Center
Bias Distribution
- 68% of the sources are Center
68% Center
L 16%
C 68%
R 16%
Factuality
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