Most luxury items are financed by the average Joe Blow, and thats the whole idea why people work their ass of 5 or 7 days a week, so they can afford the small nice things in life...and make a small payment each week or month to enjoy some nice things on their 1 or 2 days off.....
That rationale sounds like a dog chasing its own tail.
Plus it erodes the concept of setting goals through saving.
Either way it is an incurred debt on a luxury (and nearly always depreciable) item.
What do u call working for most of your teenage to late adult life to acquire and pay off a house whilst raising a family....a dog chasing its own tail.
Thats life.
Its not 1950....some people actually want to enjoy the new car or new pinny or net jetski or new bigger house or whatever it is, today, not in ten years when they finally save all the money.....and by then, the increase in price would roughly equate to the overall interest used by having finance anyway....
Also, paying the small payments on things, is setting goals through saving....or how else do people set aside n save the money to make the regular payments.lol Some people are clueless about credit and how to use it....but overall Finance is a helpful tool for some, not a neccessity...
and, b4 anyone starts, i have and do pay cash for my pinball machines, but i still see nothing wrong with anyone using finance responsibly either...
