by Sofia Moreau

In just the amount of time it would take you to delve into this article, credit card corporations across the United Kingdom will have earned a hefty £630 in interest charges. That’s amply sufficient to cover an average annual gym membership. And it doesn’t stop at gym memberships – shutdowns in 2020 resulting in home confinement revealed that we spent a whopping £127 million on virtual classes, home workout gears, cycling and fitness apps.

We’re willing to splurge on our health and wellbeing, which begs us to ponder on our spending habits and seek if we’re efficiently making use of our resources. Especially when charges such as credit card interest might be unnecessary. Subject matter from the leading global finance, payments and shopping service, reveals a staggering £5.7 billion was paid to outdated credit providers as interest and fees by the UK population in 2020 alone. Those who leaned towards the affordable ‘buy now, pay later’ alternatives experienced a significant saving, nearly £76 million in interest payments – calculating to the tune of £144 every passing minute.

A Contemporary, Smart Shopping Experience

This lays the foundation for the innovative campaign – #DontPayUnneededInterests. The initiative intends to underscore the difference between contemporary ‘buy now, pay later’ products and the traditional credit card system of the UK. The objective of the campaign is to highlight the overwhelming interest and fees charged by incumbent credit providers, says the guiding light of the organisation. The institution provides an evolved and intelligent way to shop, finance and pay – an option that’s free of charge and equitable to consumers.

A New Age Fitness Shopping

The real deal is that we fitness enthusiasts can now purchase our preferred workout tools using an easy ‘Pay Later’ system. Many benchmark fitness retailers including the likes of prominent fitness industry players have collaborated with the brand. It’s time we consider modifying the way we shop for our fitness gears. Undeniably, with smart payments and clever choices, you can focus more on your wellbeing than debt!

However, it is critical to remember that responsible spending is key. Borrowing beyond your means could have severe repercussions on your finances. Ensure you can manage your monthly payments on time. The innovative ‘Pay in 3 instalments’ and ‘Pay in 30 days’ is not managed by FCA.

So, ladies, it’s time to reexamine and rethink. Transform the way you shop and finance. Better health, and a healthier bank balance – what could be better?

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