Would pay-as-you-go convince you to buy more expensive clothing? | The Tylt
Would pay-as-you-go convince you to buy more expensive clothing?
“Pay-as-you-go” is the shopaholic’s answer to financial planning. You can go ahead and buy something you can’t afford in, you know, an affordable fashion. That way you can parse out payments, and don’t have to live off free food samples for the next month and a half.
Additionally, leveraging “pay-as-you-go” can get you into the habit of taking note of what you have to pay when. This can give you a broader idea of your finances, and what you should and shouldn’t be spending. Basically, the more expensive the item, the more you’re saving. At least, that’s what we tell ourselves…
Buying anything through pay-as-you-go sounds like dangerous territory. We already have credit cards and other financial necessities, Do we really need to pay for a Versace pantsuit incrementally? The answer to that is no—eventually you have so many installments you’re paying high amounts every month, anyway.
The best way to hold yourself accountable money-wise is paying for things in full and on time. Don’t get suckered into any of this “pay-as-you-go” nonsense; just stick to bargain stores and waiting for discounts.