From Atome to Hoolah to Grab, there’s now a whole slew of ‘Buy Now, Pay Later’ services on the market. Similar to credit card 0% interest instalment plans, these services let you split big ticket purchases into multiple small payments.

While we always advocate making smart financial decisions and spending within your means, we know that these services are awfully attractive given these dark economic times. Even if you can afford the full amount, you might still want to pay by instalment just to free up your cash flow for urgent use.