Walmart, the largest private employer in the U.S., will begin allowing its 1.44 million employees to access their paychecks before payday.

This policy presents a better alternative to expensive payday loans, but may still encourage people to live beyond their means.

After two years of talks with Even, a fintech startup that helps users budget by accessing upcoming pay early, Walmart (WMT) is rolling out the app to its entire workforce. In conjunction with PayActiv, Even lets employees take up to 50% of the amount they have earned up to that point, prior to the standard 2-week pay period. Individuals can do this interest-free up to eight times annually.

Despite having these guardrails in place, it’s uncertain whether employees can achieve true financial health through an app.

“Paycheck advances as a last resort”

The policy allows employees to claim the earnings they’ve already made, just not during the traditional two-week period.

This, however, doesn’t mean they should use the option excessively, several financial planners told Yahoo Finance.

“I think this is a great perk for employees to have, provided they are able to use it responsibly. The key is to treat it the same as an interest-bearing payday loan,” said Corey Sunstrom, director at Hobart Financial Planning and founder of thepocketadvisor.com.

“This means only taking advantage of paycheck advances as a last resort. If your car breaks down, or you have immediate medical issues, this can be a great tool to help offset costs and get you back on your feet as soon as possible,” he added.

Indeed, while emergency situations would certainly qualify as a reason to claim part of your paycheck early, the danger is that this may not always be the case.

“There is a risk that receiving money in advance makes it easier to overspend. Workers will have to take care to spread the money they receive in advance so they don’t come up short at the end of the month,” said Kimberly Palmer, banking expert at NerdWallet.

According to the Federal Reserve, 44% of American households don’t have $400 in emergency savings. And a recent survey found 78% of Americans live paycheck to paycheck. Walmart’s new policy called earned wage access (EWA) intends to prevent individuals from resorting to payday loans or 401(k) withdrawals, which come with exorbitant interest rates and penalties.

Schlossberg said he’s hoping to be one piece of a holistic solution.

“We think of ourselves as a toolbox full of multiple offerings, like Instapay for budgeting. Over time, people will slowly start to make progress. To think we’re going to solve this overnight with one product is foolish. It’s our intention to have this long-term focus to address all the people in the puzzle,” he told Yahoo Finance.