Deciding whether or not to make an expensive purchase and go on the hook for a lot of money is one reason Tums are so popular. Big ticket decisions involving lots of zeros after the dollar sign shouldn’t be decided on a whim.
There are tons of online lists of “Dos & Don’ts” to help you, so help yourself. But also think about it. Give yourself the time and mental space to make a good decision. A good decision for you and your situation, not just now but in the time frame it’ll take you to pay off the debt you’ll carry.
Five years to pay for a new truck or SUV? Well, is your job secure? An unplanned pregnancy, maybe? An aging parent or a dependent child with health complications that could turn your financial world upside down?
Should you stop spending. Absolutely not. Should you understand credit and how to manage it and be aware of what you’re getting yourself into? Absolutely.
Stay in touch.