Tuesday, January 5, 2010

Total cost of the item

If you can’t buy it outright, you can’t afford it.

Too many people get into trouble using the amount of the monthly payment as a guide to whether or not a purchase fits into their personal budget. Use the total cost of the item as your guide and you will never be beholden to anyone again. Plus, you won't be paying ridiculous interest over and above the purchase price.
More Debt Management

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