+
upworthy
Joy

Tight budget? Walmart has a new 'buy now, pay later' self-check-out option.

This is going to change how a lot of people shop.

walmart affirm, walmart bnpl, debt

Walmart announces a new buy now, pay later program at self checkout.

Americans have suffered from rising rents, mortgages and grocery bills over the past few years and now 60% live paycheck to paycheck. Even people in higher income brackets are feeling the pinch, with over half of Americans earning over $100,000 having little to no money left after expenses.

To help Americans spread out their expenses and get a little financial breathing room, Walmart is now offering buy now, pay later loans through Affirm for the first time at self-checkout kiosks at more than 4,500 locations.

"Eligible shoppers can easily pay over time for their favorite electronics, apparel, toys, and more in simple monthly payments when checking themselves out in-store," Affirm said in a news release.


Now, shoppers who spend more than $144 at Walmart, excluding groceries, can spread their payments over 3 to 24 months. Loans are capped at $4,000.

The process is pretty simple. Customers can enter items at the self-checkout kiosk and then when finished, log on to the Affirm website and enter the last 4 digits of their social security number. Once the customer has input their information and they are approved, they will receive a barcode to complete the payment.

The payment option will also be available in Walmart Vision and Auto Centers. So, if you get a flat tire or break your glasses, you can get them fixed even if you’re strapped for cash.

Affirm says that this new financial option is something that customers have wanted for a while.

“Recent Affirm research revealed that more than half of Americans (54%) are looking for retailers to offer a buy now, pay later option at checkout. Moreover, we’ve found that 76% of consumers would either delay or not make a purchase without Affirm,” Pat Suh, Affirm’s SVP of Revenue, said in a statement. “Expanding our partnership with Walmart and bringing Affirm’s transparent monthly pay-over-time options to their self-checkout kiosks in the U.S. will help even more consumers increase their purchasing power during the holiday shopping season and beyond.”

Buy now, pay later apps such as Affirm, Klarna and Afterpay have surged in popularity recently as Americans are looking for more options to stretch their spending and credit card debt has reached an all-time high. The $309 billion industry is expected to grow by more than 25% by 2026.

“The consumer is incredibly adept at finding ways to stretch their spending and, healthily or not, BNPL has certainly provided that outlet,” Simeon Siegel, an analyst with BMO Capital Markets, told The Washington Post. “It’s not the only way, but I think it has been the easiest way in recent years.”

Even though it’s great for people to have more options to pay for their essentials, some economists worry that buy now, pay later loans will make the average American’s debt problems even worse. “[Buy now, pay later loans] could lead to an increase in consumer debt, as consumers may be more likely to take on additional debt if they know they can spread out the payments,” Tim Quinlan, senior economist at Wells Fargo, told CNBC. “You can bury yourself in low monthly payments.”

Family

Dad takes 7-week paternity leave after his second child is born and is stunned by the results

"These past seven weeks really opened up my eyes on how the household has actually ran, and 110% of that is because of my wife."

@ustheremingtons/TikTok

There's a lot to be gleaned from this.

Participating in paternity leave offers fathers so much more than an opportunity to bond with their new kids. It also allows them to help around the house and take on domestic responsibilities that many new mothers have to face alone…while also tending to a newborn.

All in all, it enables couples to handle the daunting new chapter as a team, making it less stressful on both parties. Or at least equally stressful on both parties. Democracy!

TikTok creator and dad Caleb Remington, from the popular account @ustheremingtons, confesses that for baby number one, he wasn’t able to take a “single day of paternity leave.”

This time around, for baby number two, Remington had the privilege of taking seven weeks off (to be clear—his employer offered four weeks, and he used an additional three weeks of PTO).

The time off changed Remington’s entire outlook on parenting, and his insights are something all parents could probably use.

Keep ReadingShow less

Millenial names are now "old" names.

You can’t turn back the hands of time and so it’s impossible to avoid being labeled “old” by younger generations, no matter how hard you try. For many of us, our names are tied to the times when we were born and can start to sound really dated, no matter how fashionable they were at one point.

TikTokker Amber Cimotti found this out the hard way when her daughter noted that she has an “old” person's name.

“My daughter told me the name Ashley or Amanda — or my name is Amber — are like old people names and I never thought about it this way,” Amber explained in a video with over 3 million views.

Keep ReadingShow less

Christine Kesteloo has one big problem living on a cruise ship.

A lot of folks would love to trade lives with Christine Kesteloo. Her husband is the Chief Engineer on a cruise ship, so she gets to live on the boat pretty much for free as the “wife on board.” For Christine, life is a lot like living on a permanent vacation.

“I live on a cruise ship for half the year with my husband, and it's often as glamorous as it sounds,” she told Insider. “After all, I don't cook, clean, make my bed, do laundry or pay for food.“

Living an all-inclusive lifestyle seems like paradise, but it has some drawbacks. Having access to all-you-can-eat food all day long can really have an effect on one’s waistline. Kesteloo admits that living on a cruise ship takes a lot of self-discipline because the temptation is always right under her nose.

Keep ReadingShow less

Woman shows her misbehaving cat to 'the trenches'

You always hear about a "bad dog," giving the furry goofballs a reputation for getting into mischief, but what about bad cats. Not all cats are angels just lounging around the house until someone gives them food while fanning them with a giant palm leaf. Some cats have a sketchy "catigree" and every once in a while they let that wild streak show. When that happens, what is a cat owner to do?

A cat mom that goes by the user name Lambo Licia on Instagram posted a video showing exactly how she gets her cat in line when he's misbehaving. No, it's not with a spray bottle. She shows him what life is like in "the trenches." You know, the area of town where homeless cats roam and cat burglars have real whiskers and thumbs that don't work, leaving a strange fish smell wherever they lurk.

If Scared Straight: Cat Edition was an actual thing, Mega, the orange tabby would be the first to turn his life around. He looks absolutely petrified from all of the unruly cat behavior he sees out the window and his mom's commentary.

Keep ReadingShow less
Science

College students use AI to decode ancient scroll burned in Mount Vesuvius

“Some of these texts could completely rewrite the history of key periods of the ancient world."

When Mount Vesuvius erupted in 79 C.E., it buried entire cities in volcanic materials. While Pompeii is the most famous site affected by the natural disaster, the nearby villa of Herculaneum was also laid to waste—including over 800 precious scrolls found inside Herculaneum’s library, which were carbonized by the heat, making them impossible to open and recover their contents.

Which brings us to the Vesuvius challenge, started by computer scientist Brent Seales and entrepreneurs Nat Friedman and Daniel Gross in March 2023. The contest would award $1 million in prizes to whoever could use machine learning to successfully read from the scrolls without damaging them.

On February 5, the prize-winning team was announced.
Keep ReadingShow less
Keith Allison/Wikimedia Commons

Shaquille O'Neal retired from pro basketball in 2011, but he's still one of the most famous players ever.

Fame comes with a lot of challenges, but it also comes with some pretty obvious perks. There's the money that frequently follows fame, of course, but there's also the special treatment people automatically offer you.

Some famous folks might revel in that special treatment and some might even express gratitude for it. But occasionally, you find a celebrity who refuses it altogether.

Take basketball legend Shaquille O'Neal, for instance.

Keep ReadingShow less