For those of you who go by your daily lives without purchasing high valued items, I salute you. As why would you want to be paying over the odds for an item that may become obsolete in a few months time.
Well, if you are like me and paranoid about buying and buying without thinking about the consequences later. Then you should read this.
I have got a lot of debt, and find it hard to get away from. I did have about £6,500 worth with a credit card company and another £2,500 with another credit card company, on top off the I had bills to pay.
So my mother got me to finance the payments to pay back the debt.
I no longer have the £2,500 debt and now only owe the one credit card company £2,000.
I thought my troubles were over until I purchased some more on finance.
Granted, I can pay this but if I was not paying I would be in great trouble.
If I were you, I would only buy things that have a high price and save the money to purchase them. It would be simpler that way. And save the hassle of paying instalments for a period of time.
If I could live my life again, would I go into debt. No, and here’s why, Why would you want to fork out x amount either weekly or monthly, for a few years and then need to upgrade, Yes it would pay to have a purchase and then upgrade if it was on a plan that allowed this, I.E phone contracts.
But what if that product did not allow this, then you would have to thing is it worth it and how to make money from that high valued price tag.
If it was a camera, you could sell your photos.
If it was a computer, could you decode video as a freelancer.
These are the options you have to think about when extravagantly purchasing products.
So if you see something you fancy and are able to afford it straight out, I would wait until prices comes down and continue to save. So that if you did purchase it, you would still have money to spare.