There's been a significant surge in the usage of Buy Now, Pay Later services such as Klarna, AfterPay and Affirm this holiday season. Spending was particularly high on Cyber Monday, revealing that these payment plans are becoming a notable part of holiday spending strategies, especially among younger consumers. In this week's episode of FinCap Friday, learn more about these short-term installment loans and how they put a new-school twist on those old-school layaway plans.

Click here to access the Kahoot quiz and discussion prompt. If you're short on time, try our simplified No Tech version containing embedded questions right in the slide deck. If you prefer embedding the quiz questions right into the video, check out this Edpuzzle video.

About the Author

Yanely Espinal

Born and raised by Dominican, immigrant parents in Brooklyn, Yanely is a proud product of NYC public schools. She graduated from Fiorello H. LaGuardia High School in 2007 before going on to receive her bachelor's degree at Brown University in 2011. As a Teach For America corps member, Yanely taught third and fourth grade in Canarsie, Brooklyn. She received her master's degree from Relay Graduate School of Education in 2013. She spends her spare time making YouTube videos about personal finance on her channel, MissBeHelpful. Yanely also loves to dance, sew, paint, listen to podcasts, and babysit her 10 nieces and nephews!