AFTERPAY PROS & CONS

This service is available in many stores and allows you to spread payments for an item over four equal fortnightly payments, starting when you buy an item. When you sign up you nominate a debit or credit card that will be charged the payments and you need to make sure there are always sufficient funds available to meet these when they fall due. Used wisely it can help with budgeting for gifts. If not, it can cost you up to 25 per cent of the cost of the goods in late penalties.