How to deal with big ticket purchases when trying to be financially independent
Date: Wed, 11/28/2018 - 22:47
How to deal with big ticket purchases when trying to be financially independent
I am trying to be financially independent. But, when I should be saving, I need to do some big ticket or semi-large purchases as well. How can I do that? Please advice.
I think you should wait for a
I think you should wait for a few months. Don't make large purchases right now. Ask yourself a few questions:
Do you have money to buy the item?
Do you really need the item?
Even if you need the product, do you need it now?
Should you find a used item?
What is your current income?
What is your current income? Create a budget and save at least 20% of your monthly income to save money fast. If you really want to get the item, that start saving a certain amount to buy that.