Dealing with money is not an easy task for anyone, but some people end up pushing the limits when it comes to making debts and spending what they can not. In a cold analysis, we can perceive that Brazilians do not usually give due attention to financial education, and the reflection of this is in debts and bills coming nonstop.
Basically, we have two modalities: the cash payment or installment payment. Every consumer has had this doubt and both may be its advantages, but it takes intelligence when deciding which is the best option. Want to figure out how to do this? Then check out the following post:
There is no single answer
The doubt is pertinent and this is not for nothing! Although the general consensus is that paying cash is much more advantageous, in fact there is no single answer to that question. It depends on several factors, which will involve from the amount to be removed to the most relevant fact: if the buyer actually owns the money. And it is not enough just to have: you have to be aware if the payment of the amount will not become a debt or a break in the account at the end of the month.
Cash payment is good for those who have money
The big advantage of who pays cash is that it gives bargaining power. It is not uncommon for companies to offer good discounts to those who settle the bill at once, especially in cash. In the vast majority of cases, these discounts are worthwhile and outperform the financial investments.
So if you saved part of your thirteenth paycheck or have a good reserve, this is the best alternative for you as long as it does not completely eliminate your savings. In times of crisis and recessive economy, you can not use all the resources and be completely unattended: unforeseen can always arise.
For those who do not have money,
If you do not have the total money to buy, the ideal would be that you did not spend. But if there is no way, piecing is a viable option. Do this along with planning, so you do not have trouble honoring your payments and you end up getting more complicated.
Remember: if you do not pay off the installments, they will result in interest payments and the situation will get worse. The ideal is to make a small monthly savings in a separate savings, not to fall into the temptation to spend money on other things and have some reserve in case something unexpected happens. However, if there is no cash discount and you have control, that alternative may be better.
Never credit card
The big question of who escapes the cash payment and installment on the credit card is that it ends up passing the false feeling that the person is not spending too much. It is extremely common for people to think that they are paying only the value of the installment, not the total amount.
If you have given up and become defaulted, immediately seek the creditor and ask for a renegotiation. Card fees are prohibitive in Brazil, and if you have to pay them, your salary will be undermined and you probably will not be able to pay off everything you owe. Believe: interest on credit card installments reaches more than 200% per year.