What you need to know about using 'buy now, pay later' services

High prices at the pump and grocery store are causing a real pinch on our wallets. As a result, some are turning to 'buy now, pay later' services to afford necessities. However, using these services can set consumers up for financial trouble in the future. Michael Masserant, of the Retirement Education Foundation, shares what you need to know before taking on debt. For more visit, refedu.org.