Make Sure Mentally Stay Healthy, A Safe Way To Use Paylater For The Young Generation

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Paylaters are increasingly popular with the public as a mainstay payment method, especially the younger generation. The Financial Services Authority (OJK) recorded Paylater growth of 61.90% on an annual basis (as of November 2024). Meanwhile, from the user side, Kredivo and Katadata Insight Center revealed that 70.4% of Paylater users came from the 18'35 year age group.

In line with this trend, Disya Arinda, M.Psi., Psychologist, Clinical Psychologist, reminded the younger generation to pay attention to psychological conditions before and when using Paylater.

Young people tend to be more vulnerable to impulsive decisions or short-term trends that can affect financial decisions. Without readiness and planning, any financial services, including Paylater, risk being misused for unhealthy consumptive purposes. Therefore, it is important to ensure a stable mental condition so that it can benefit from the use of Paylater," he said.

In addition to unstable psychological conditions, the Fear of Missing Out (FOMO) and You Only Live Once (YOLO) phenomena have also strengthened the consumptive lifestyle of society, especially the younger generation. Research conducted by GlobalWebIndex reveals that 62% of individuals who experience FOMO are residents aged 1634 years. Furthermore, other research conducted by OCBC also reveals that 80% of the younger generation spend money to follow a friend's lifestyle.

"The repeated use of Paylater driven by FOMO and YOLO can trigger financial stress and an impulsive pattern that is difficult to control. Psychologically, this phenomenon can increase anxiety and disrupt mental well-being. Therefore, it is important not only to consider benefits before using Paylater, but also its impact on mental health. It does not stop there, after using it, good emotional and financial management is also needed in order to be responsible for its financial decisions so that it does not trigger long-term stress," explained Disya.

Responding to this phenomenon, Kredivo emphasized its commitment to continue educating users to use Paylater wisely, including through various strategic initiatives such as #AutoMikir and #DauiAndauPadai. In addition, Kredivo adopts the principle of responsive lending by utilizing artificial intelligence in risk management. With this approach, Kredivo assigns and reviews credit limits periodically according to the user's payability, ensuring services can be used wisely without disturbing their cash flow.

Indina Andamari, SVP Marketing & Communications Kredivo, stated, Kredivo believes that Paylater is a financial instrument that can help users meet their various needs and improve quality of life, not as a means of wasteful and excessive lifestyle. From our side, Kredivo continues to innovate and expand service reach, while consistently providing education to users and strengthening risk management, to ensure that our beliefs can always be realized.

The Importance of paying attention to psychological conditions before using Paylater

Then, how to make the use of Paylater will have a positive impact and not cause psychological pressure? Check out tips from Kredivo and Disya Arinda, M.Psi., Psychologist, Clinical Psychologist.

It is important to have good rationalization and motivation

Before using Paylater, it's important to ask yourself: 'Is this really necessary? Can I pay off the installments? Will Paylater help manage cash flow or make it even more wasteful?' This process is important so that every use of Paylater is based on a good rationality and is accompanied by awareness of the benefits and risks that may arise.

Motivation alone is not enough, mental conditions must be stable before utilizing Paylater

When stressed, a person tends to focus on short-term solutions. Therefore, avoid using Paylater when your psychological condition is unstable, because it can obscure risk assessment and encourage impulsive and excessive use. If in the end it is difficult to pay bills, this can actually increase stress or even risk depression in the future.

Also pay attention to these tips to stay mentally healthy after using Paylater

Manage Paylater limit wisely and controlledly

The use of Paylater wisely and controlledly every month can help maintain cash flow and increase credit scores. However, if used excessively at one time, this can provide an illusion of ease of shopping without careful consideration, which risks triggering default if it is not supported by stable financial conditions.

Remember! Paylater Users have an obligation to pay bills after using them

Although Paylater allows users to get goods or services before paying, the obligation to pay is still valid according to the scheme chosen. If you intentionally fail to pay (galbay), the user is actually harmed because the credit score at SLIK OJK can decrease and cannot take any type of credit in the future.

Not only Paylater, Disya emphasized that the impact of good or bad financial services depends on the decisions of each individual. Therefore, it is important for the public to continue to educate themselves about the risks and benefits of a financing service. Often when you are under pressure or BU (With money), we want to make a decision immediately. In fact, decisions taken in panic can have a negative impact financially and psychologically. Therefore, it is very important for the public to be more fully aware or mindful when using financing services, so as not to add to the pressure in the future, "explained Disya.

Furthermore, all financial services are basically like a double-edged sword and have their own risks. In this case, financing services can provide financial solutions that help users to meet their various needs. However, it also has the potential to have a negative impact if it is not used wisely and without considering the psychological aspect.

"By considering psychological factors, users can assess the extent to which they really need this service, so as to prevent financial burdens and psychological impacts. We also continue to encourage this understanding in the community," added Indina.