Tips to spend your money wisely
Published on 15 June 2020, Kimberly Francisco
Young, dumb and broke is not the mantra you want to be living and the first step to avoiding becoming that cliché is knowing how to spend your money more wisely.
The concept of “buy now, pay later” is not exactly new. Credit cards introduced this concept by allowing you to purchase things on the bank’s credit first and paying for them later when your bill arrives. However, using your credit card often is not always a smart move. If done without caution, it is easy to overspend or chalk up a debt due to late fees and interest charges.
Split introduces you to a smarter way to pay. You simply shop for something you want and pay for it later. Through short-term instalments that remove the worry of late charges, hidden fees and interest, you only pay for the cost of the product and nothing more.
1. No late fees, hidden fees or interest
Unlike other “buy now, pay later” payment options, Split does not charge any interest or processing fees. Better yet, there are no late fees! This is possible because Split negotiates with its partner stores for a small transaction fee, saving the end consumer from extra charges. In this way, it literally costs you nothing to pay with Split. Yet, you still reap the benefits of splitting your payment into more affordable monthly instalments.
2. Helps you afford the things you want now even on a tight budget
Impulse buys, impromptu vacations, urgent replacement purchases? No problem. You don’t have to dig into your cash reserves or bust your monthly budget to afford them. When you pay with Split, you can purchase your item immediately and then break down your payment into smaller sums over the next two to three months. By doing so, you can work around a tight budget and make affording the things you want more manageable on your wallet.
3. Keep track of your monthly expenses better
If you fail to plan, you plan to fail. This old adage applies to your spending too. The more visibility you have on your future spending, the better. Paying by instalments enables you to plan your budget better for the next few months by taking into account what you need to put away for your Split payments and recurring bills. You can then divide the remaining budget for your savings and other expenses. This makes Split the better payment option, especially for last-minute purchases, as it gives you a clearer idea of what your monthly budget looks like ahead.
With these benefits, it is easy to see how Split is focused on helping you afford the things you want while encouraging you to build smarter spending habits. To start using Split payments, simply shop at any of ourpartner stores and select Split at checkout.
Tips to spend your money wisely
Published on 15 June 2020, Kimberly Francisco
Young, dumb and broke is not the mantra you want to be living and the first step to avoiding becoming that cliché is knowing how to spend your money more wisely.
The concept of “buy now, pay later” is not exactly new. Credit cards introduced this concept by allowing you to purchase things on the bank’s credit first and paying for them later when your bill arrives. However, using your credit card often is not always a smart move. If done without caution, it is easy to overspend or chalk up a debt due to late fees and interest charges.
Split introduces you to a smarter way to pay. You simply shop for something you want and pay for it later. Through short-term instalments that remove the worry of late charges, hidden fees and interest, you only pay for the cost of the product and nothing more.
1. No late fees, hidden fees or interest
Unlike other “buy now, pay later” payment options, Split does not charge any interest or processing fees. Better yet, there are no late fees! This is possible because Split negotiates with its partner stores for a small transaction fee, saving the end consumer from extra charges. In this way, it literally costs you nothing to pay with Split. Yet, you still reap the benefits of splitting your payment into more affordable monthly instalments.
2. Helps you afford the things you want now even on a tight budget
Impulse buys, impromptu vacations, urgent replacement purchases? No problem. You don’t have to dig into your cash reserves or bust your monthly budget to afford them. When you pay with Split, you can purchase your item immediately and then break down your payment into smaller sums over the next two to three months. By doing so, you can work around a tight budget and make affording the things you want more manageable on your wallet.
3. Keep track of your monthly expenses better
If you fail to plan, you plan to fail. This old adage applies to your spending too. The more visibility you have on your future spending, the better. Paying by instalments enables you to plan your budget better for the next few months by taking into account what you need to put away for your Split payments and recurring bills. You can then divide the remaining budget for your savings and other expenses. This makes Split the better payment option, especially for last-minute purchases, as it gives you a clearer idea of what your monthly budget looks like ahead.
With these benefits, it is easy to see how Split is focused on helping you afford the things you want while encouraging you to build smarter spending habits. To start using Split payments, simply shop at any of our partner stores and select Split at checkout.
