In today's episode we talk about making payments on things you want to get and whether it's a good or bad thing to do.
Payments aren't a good thing. Sometimes they are inevitable such as a mortgage payment, but other things you should just buy out right. Making payments with "no interest" is a scam. The companies are getting extra money for that. DON't BE FOOLED!!!!
Also, when you keep adding payments to your monthly budget, your are essentially dedicating your money every month to something that you now already have. It's like buying the gift over and over every month until it's paid off!! Even if it's now broke and you can't use it!
Take a listen to hear more on this subject of payments.
Also, if you noticed the mistake I made, I intentionally left it in there! Listen to the episode, "Mistakes happen" to know why!