More Britons than ever are turning to buy now, pay later services as the cost of living continues to rise, new research has revealed. Against this background, BNPL services continue to grow in popularity, with many consumers using Klarna, Clearpay and others to spread payments or pay later. To improve their financial situation, 55 per cent say they are likely or highly likely to cut back on spending whilst 18 per cent may take out a loan. Another 42 per cent say using online banking helps them save money every month – £166 on average. Talk to your bank if you need help: Most banks offer services to help their customers in need including offering budgeting advice.

Source: Daily Mail January 05, 2022 10:26 UTC