Hello!

Help! Anyone! Everyone! I think I may be addicted to Afterpay.

I shop for things on sale which I don’t necessarily need, with money that isn’t mine because when I see that one massive payment broken down into four equal and far smaller amounts it just seems so much more achievable!

The problem

Here’s the problem though – when you’re shopping with funds you don’t currently have, what guarantee is there that the money will make itself available in the near future?

Am I planning on winning the lotto? Or spending less on things like essentials? How exactly is that extra fortnightly repayment going to magically appear? Where does it come from – especially when you work off a specific budget?

Is there even a plan at all?

Addicted to Afterpay or just obsessed?

I have been trying for MONTHS to break my Afterpay addiction. Which is a huge indication to me that it is more of an ‘addiction’ than simply an obsession, otherwise I would have succeeded by now- although I prefer to tell myself that it’s just a ‘convenience’.

The cycle is incredibly simple- I visit my favourite websites regularly, browse their ‘sales’ section, and then convince myself that I am about to embark on the greatest purchase, one which will actually somehow be SAVING me money- especially if the items that are on sale are items on my wish list!

“85% off, PLUS use the code word to save an ADDITIONAL 15% AND if you’re one of the FIRST 50 customers you will receive a BONUS FREE gift with purchase! Spend $100 to receive FREE shipping!”… sound familiar? These are my all time favourite sales pitches.

It’s the Free Shipping!

‘Free shipping’ gets me every time! After I’ve added all the items to my cart from my wish list that are on sale, I will search for more sale items to make up the amount required to receive free shipping- sometimes it’s a matter of a $10 product vs. $10 on postage.

I usually create a ‘Wishlist’ on each of my favourite websites with all the full priced products I think I need in my life- then as soon as they go on clearance my mind tells me it’s the opportune moment to buy these things, before they SELL OUT!

Sometimes I tell myself that for the price it’s been reduced to I wouldn’t be able to even purchase the fabric that it’s made out of.

It HAS To Be On Sale

I don’t Afterpay anything that isn’t on sale- I’m one of those people that actually feels sad to see the price I could have bought something for if only I had waited. And I don’t really mind about whether a colour or style is in season or not- if I love how it looks then I’m more than happy to wait for it to be heavily reduced in price even if it’s not ‘in season’ or ‘on trend’ when I buy it. And it has to be significantly discounted as well, not merely 20% off.

I mean if I didn’t want items at sale prices I’d only shop the brands who never reduce the price of their products… like Louis Vuitton… in my dreams!

So Sneaky

To make matters worse, the words “Sorry, we’re unable to approve your order” doesn’t deter me from using Afterpay. No, I’ve developed a ‘system’, I simply make a couple of early repayments and then go back to the online store and successfully checkout with Afterpay anyway.

I figured that by doing this, opposed to checking out with a different form of payment, I am still ‘keeping on top’ of my Afterpay repayment schedule- even though technically I am still increasing my spending.

It’s such a vicious cycle!

To help me to try and slow down, I started showing my husband my online shopping carts before checking out. He was mind blown at the savings which didn’t help me whatsoever!

I’m A Savvy Buyer

In fact, I’d say he made matters worse! He calls me a ‘savvy buyer’, which is true I guess, but is it honestly still ‘savvy’ if you’re using a payment method other than the finances you already have in your bank account?

I once asked him what items he felt I should remove from a cart with fifty items in it- and he struggled to even pick three!

Admittedly I am really fortunate to somehow always find the greatest of sales. Gorgeous girls dresses reduced from $30 to $5 for example. School clothing reduced to $4. King-sized pure wool mattress toppers reduced to $25. Savvy shopping in some ways is both a blessing as well as a curse… but I choose to focus on the benefits!

The catch with these sales is that you actually do have to be quick – often as soon as something is marked as clearance it’s removed from the website, so if you want it, you have to act fast and remember you can always get a refund once it arrives.

We Need It All…..Mostly

Realistically all the items I end up purchasing are ones we would need… except for that four bedroom double walled tent that I purchased for $30… I still don’t know what I was thinking when I purchased that and my hubby figured we should keep it opposed to returning it and go camping in the garden- seriously that man is nothing but a bad influence!

When are you officially addicted to Afterpay?

Is Afterpay only considered an addiction once you fail to meet any of your repayments? Or is it a problem from the moment you realise that it’s something you struggle to stop using?

One time I even made a ‘Don’t break the chain’ chart, where I coloured in the date for every day that I didn’t use Afterpay. The idea being that you don’t miss a day in the ‘chain’. Once I got to the two week mark however it all went pear shaped again.

Unsubscribe!

So then I unsubscribed from all my favourite brand’s mailing lists. Stopped visiting the sales sections and viewing my wish list… but inevitably a birthday would pop up or something would break and need replacing… and then there I’d be back online searching for the best deals.

Really it makes me feel happy in a way keeping up to date with prices and special offers.

Certain ‘cash back’ deals only happen every so often so it’s good to be aware of when they’re on and how long for- especially if you have an appliance on the way out.

Recently eBay partnered with Afterpay and I must admit I’ve been avoiding finding bargains on their site ever since – I mean eBay is LOADED with never ending deals!

I’ve even opened a new savings account and named it ‘Afterpay’ just so that I know the repayments are available for when the time comes- I mean I wouldn’t really be “saving” anything during sales if I had to cough up late payment fees.

It’s So Handy!

Admittedly it does come in handy for unexpected expenses, things that need replacing around the home that just die on you. And occasionally it even helps make ends meet, especially if you have several excursion notes come in all at once requiring payment and you just need to balance your finances for a couple of weeks.

Perhaps Afterpay isn’t so bad after all, it does help me to me buy things at awesome prices… words of a true addict? Fact? Or possibly a bit of both?

Are you also addicted to Afterpay? Tell us in the comments below!

  • That’s a problem. You have to pay for your purchases eventually.

    Reply

  • Never used this and never will. Unless I have the cash to pay for something, I won’t buy it.

    Reply

  • Never used it and wouldn’t if no cash upfront no payment plan is how I budget

    Reply

  • I think of Afterpay as my best friend and I treat it with respect – it’s so much better than layby, and without layby fees. I can pay everything off in installments but have my goods straight away. My payments automatically come out of my credit card, which has a high limit which I’d never reach, and I pay it in full pretty much every month or before the 55 day interest free period.. That way, I don’t get charged interest. I’ve never been charged a late payment fee on Afterpay as I know my limit on my credit card and don’t have anything charged to my bank account. If you use a system like Afterpay, you have to stay on top of it all and keep a track of your spending and what you can and can’t afford. I’ve never had any issues with it. I’d miss out on a lot of sales and have to forgo a lot of things, like presents and necessities if it wasn’t for Afterpay.

    Reply

  • I’ve never used it, I live by the theory of if I can’t afford to buy it now I need to wait and save to get it. You never know if something will change and you won’t have the money to pay the next instalments

    Reply

  • I have never used it and doubt I ever will. If I can’t afford something, I don’t buy it!

    Reply

  • I only use afterpay on pay days so I’m not left with forgetting to keep money in the bank on different days for payments. I also only use it if we really need something.

    Reply

  • I have never used it and think you have to be careful that you don’t run up bills you cannot afford.

    Reply

  • I don’t use Afterpay at all. If I can’t afford something, I don’t buy it. I used to love layby, but now everything is purchased on my debit card — with money I have vs money I don’t.


    • We have the same financial strategy; only use funds on hand. We also think about purchases and often wait and see it we really do need particular items. It is a good habit to form; waiting and reflecting and not impulse purchasing.

    Reply

  • Absolutely not! Do not use it and we live within our means. If we cannot afford any goods then we do not purchase them. A sale is not a saving if money is spent and it is not needed. Money is still spent and money is not saved.

    Reply

  • Never used it, never will. If I haven’t got the money now, I can’t afford it!

    Reply

  • I have never use them before.

    Reply

  • never used it and dont plan to. If you cant afford it, dont buy it. if you really need it, save for it. its much more satisfying to buy something with your own money

    Reply

  • I like afterpay to help spread payments so I don’t feel as guilty even though my purchases and mostly needs and birthday gifts. I do like the idea of unsubscribing so I don’t get notified of every single sale!

    Reply

  • Was enjoying Afterpay until issues happened and I had to change the day the money came out, then voice on the end said you can not do this again. Money was late, then I remembered I could not do the change the date again. When I called I found that not to be true. And then had to endure a late fee, which I didn’t have to. Now during Covid lock down they take the first amount out when you make a purchase. It worked for me from not using the money I had now and I could put it away. Buy right now and incur a big cost, or a smaller amount over fortnight fitted with my lifestyle and small amount of earnings. Sadly have to let it go, unless really can pass up on a deal.

    Reply

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