Today many people rely on the type of payment in installments to keep getting the desired item. For example, when you want to buy goods whose prices tend to be heavy in your pocket, someone can take advantage of a credit card facility by paying installments to be lighter per month. However, there are actually several types of payments that are better not bought by installments because they can lead to waste, find out what types of products are below:
We recommend that you do not use installments / credit
- Clothing / Fashion
A better type of payment is not purchased with installments, for example when shopping for clothes and accessories, it is better not to use installments in paying. The option that you can use is to use a debit card. It’s a shame if you use installments to buy goods whose prices usually can still be paid in cash.
- Monthly expenditure
Not only clothes, you also better shop for monthly needs using cash only, or debit cards when shopping at a supermarket. Price monthly needs are usually still in the dosage that does not require installments at all.
The next product is a gadget, the main reason when someone uses installments to buy a gadget is because the price tends to be expensive, so the option to pay in installments can ease their payment. But without realizing it, shopping habits of gadgets with installments can make you tend to be consumptive, because it simplifies payment. If you lose control, even what you have can be more wasteful and more often changing gadgets. Too bad, right?
- Business Capital
Installments used in business capital, for example in the form of KTA. Many new businesses rely on bank loans to start their business. Even though using KTA to start a business is an inappropriate step, it is better to use a KTA loan to develop a business that is already running.
Can Use Installments (If Able)
The first product that can use installments is home / property. It is no secret that house prices are really expensive, so there is a need for sufficient funds to buy them in cash. To be lighter, the best option is to use installments. Considering that house prices tend to be high, then if you use installments, the nominal can be bigger, make sure you have considered carefully before making a decision in buying a property unit so that you are not in debt later.
- Motor vehicle
The second product is motorized vehicles (home / car), just like property units whose prices tend to be expensive, many people take installment options. This choice can be right if you also have a thorough calculation of the installment payments in the future.
In the end, if you really want to buy goods by installments, it will be better if the goods can bring profits and help increase their income. This means you also have to understand about productive debt and consumer debt, buy productive items. Read more about the differences in productive debt and consumer debt here.