Personal Finance

Financing The Big Things In Life

financing the big things in life: green credit card.

While they say that the best things in life are free, sadly, there are many things in life which you need to pay for, and many of these costly things are vital for you to have in your life. You could either spend most of your life saving for these things and only having a limited time to enjoy them, or you could go for the financing option and pay for them as you go. So what kinds of things could or should you finance in life?

Car

If your car breaks down and is irreparable, you have an accident, it gets stolen, or you get a new job, and the only way to get there is with a car – whatever the reason is, if you need a car and you need it asap, but you don’t have the money to buy for one, then financing may be the way to go. Once you have paid it off, then you can either trade in the car for another one, a nice little upgrade, or keep the car if you’re still happy with it and no longer need to make payments. Smile Car Finance is an ideal place to find out what your options are and to make sure you get the best deal.

Home Repairs

Repairs are one of those things that you don’t want to spend money on, sometimes they sneak up on you and are an unexpected expense but one you need to sort out immediately. Home repairs also have a habit of coming all at once, the first thing breaks and then rest follow. Repairs can be expensive, and if you don’t have the money to fix them at the time, then you could look at home repair financing options.

A Business

Starting a business and making a success of it is an investment and something that will hopefully provide you with more money and a better lifestyle for you and your family. However, you will likely have to pay some initial costs, and these could be pretty hefty depending on what your business is, so borrowing money to get your business started might be the best way to go, and if you do it right, you’ll get plenty more out of it than you put in.

Education

Similar to having your own business, getting a good education is something that will hopefully make your life better, give you more options, and is an investment that will pay off in the long run. Taking out a student loan is the only option for many people who want to study, but it’s important to remember only to borrow as much as you need, pay it back as early as you can and try to avoid taking time off from college as this could trigger your loan payments to begin before you are ready.

Phones

Most phone companies don’t charge you interest when you finance phones through them, meaning that you are essentially getting free money for the time period that you are financing the phone. Financing your phone, as long as you pay your bills, is ideal because it builds credit, and it keeps that extra money in your pocket.

Property

One of the best investments you can make is in real estate and property. Property value generally goes up, and usually well beyond any interest rate you are paying on a loan, so you are usually sure to make more money.

 

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