Would you rather pay for something all at once or over time? | The Tylt
Remember when you thought making money was as easy as typing a cheat code into a Sims game (“rosebud,” baby)? Now we’re saddled with the reality that, should we want something, there’s no secret to instantly getting more cash right then and there. Luckily, modern life presents consumers with two choices: pay for the full price of products all at once, or pay overtime with new “pay-as-you-go” options. Which would you rather do?
Would you rather pay for something all at once or over time?
Why would you put off paying for something all at once? That makes no logical sense. If you don’t want to pay full price for something (or don’t have the means to), it’s probably best not to pay for it at all; the biggest indication of not being able to afford something is, you know, feeling existential dread at its price tag.
Paying all at once for something saves you a lot of trouble in the future. There are no bills that get slipped into your mailbox every month, no growing interest that’ll leave you with slightly less money than you should have.
There’s nothing wrong with paying for something in installments. In fact, it’s a very useful budgeting method. If you know you have to pay a bill for something every month, you can keep yourself in check to make sure you don’t go overspending on other things. Then it’s finally paid off, and, boom, you’re free!
There’s also many things people need that they may not be able to afford all at once, like cars or, you know, houses. And if you can, well, Daddy Warbucks, bully for you. We’ll stick to our plebian monthly fees, thanks.