Large purchases happen; we need a new car, a new computer, you lost a lot of weight and need new clothes, whatever. It happens. But the thing is, will you have the money to make these purchases if necessary? What should I be thinking about before I make a large purchase and before I go to a place like www.lainan.fi to get the loan that I need? Here are some questions that you can ask in order to figure out whether or not getting a big item is right for you.
Do I need it at all? This is always important. No matter what you’re buying, you should always ask this; if you are truly honest about it, it will stop impulse purchases a majority of the time and you won’t end up buying too many big items.
What kind do I want? Don’t know a lot about what you want to buy? Read about it! Almost all of the information you need can be found online. If you have a friend that knows a lot about computers, then ask them about it. The extra research will do you well when you go to buy anything; salespeople are trained to sell, and in some cases, they aren’t always selling you exactly what you need. Walking in with confidence and specifics always helps stop the extra purchases.
Do I need it now or can it wait? This is really important to sort out as you’re looking at this sort of thing. How long can you wait? Usually a lot of items drop in price for Christmas, and you can ask for some help purchasing it as a Christmas present. Or, back to school sales have started. This is even better. Insert your holiday or reasoning of choice here. Watching sales patterns is always helpful, because if you can wait a few weeks or months before making a purchase, you may be able to get a great deal on something and save a lot of money.
Should I pay for it in cash or credit? Most people say “If you have the money, pay in cash.” This is mostly true. If it ends up totally dumping your savings, you may want to rethink purchasing with cash. In my computer example, a lot of technology places offer “same as cash” offers. If you pay it off in that period of time, you don’t accrue interest. If you think you can do this feasibly, go for it. Otherwise, pay in cash if you can and get it out of the way so that you don’t end up paying much more in interest in the future.
There are other questions that you could be asking, but these four should at least help you make a decent decision for any purchase. Usually, even if you’re convinced you need something that you don’t; you usually realize it by the third question. The process can be frustrating enough to derail you from buying something you don’t need.