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Buy now, pay later is a troublesome type of phantom debt, experts say

Buy now, pay later is a troublesome type of phantom debt, experts say

Some types of debt can haunt you.

β€œBuy now, pay later” loans, especially, can be hard to track, making it easier for more consumers to get in over their heads, some experts say β€” even more than credit cards, which are simpler to account for, despite sky-high interest rates.

Over the holidays, the use of installment payments hit an all-time high, up 14% year over year, according to Adobe’s latest online shopping data.

Buy now, pay later is now one of the fastest-growing categories in consumer finance, according to a separate report by Wells Fargo.

NPR

December U.S. inflation up 3.4% : NPR

Inflation ticked up a little in December on the back of higher costs for housing and car insurance.

The overall cost of living in December was up 3.4% from a year ago, a slightly larger increase than the 3.1% rate in November, according to data from the Labor Department on Thursday.

The cost of motor vehicle insurance rose 1.5% in December from the previous month, marking a 20.3% increase compared to the previous year.

The cost of housing accounted for more than half the monthly increase in consumer prices. Food and energy prices were also up in December. The so-called "core" inflation rate, which excludes food and energy prices, was 3.9% last month.

NPR

Researchers find a massive number of plastic particles in bottled water : NPR

Microscopic pieces of plastic are everywhere. Now, they've been found in bottled water in concentrations 10 to 100 times more than previously estimated.

Researchers from Columbia University and Rutgers University found roughly 240,000 detectable plastic fragments in a typical liter of bottled water. The study was published Monday in the Proceedings of the National Academy of Sciences.

Winter Camping is Not That Cold

A common reaction about my winter camping trip in December was people asking if it was cold. I didn’t think it was that cold, although I made sure to dress in layers, had a good working tent heater, warm campfire, and good nutritionally-dense, warm food to eat. Probably the coldest time during the whole trip was when I was out hunting, the rest of the time I was out burning calories, or sitting next to the fire or heater. When I was at camp, when I’d get cold, I’d chop wood and be warmed up quickly.

Winter is only cold if your not properly dressed for it and do stupid things like get wet and don’t have a plan for getting warm quickly. With the Big Buddy Heater, especially in the tent, I had no problems staying warm, indeed I found myself quickly turning it down because it got too hot in the tent. Sometimes there would be some cold drafts but for the most part it was delightful. At night, after the tent was warm and toasty, I’d shut the heater off and burrow under the covers. If I got cold at night, I’d reach over and turn the heat back home.

I think it’s a mistake to think winter camping is cold, although I do note the air was dry and my hands did crack easily. Hunting is cold in the winter, but not camping. Maybe if your ill prepared you might disagree – and certainly if I had better hunting gear, I’d probably been warmer. But it’s tough when your not burning calories and to keep warm, sitting still in the woods.

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