Nowadays a lot of people afford their expensive bills by instalments, that made
life easier for some of them, but in general, people misusing the instalments
and it encourages them to purchase more not to control. Let's begin by looking
at the advantages of the instalments. One of the main positives of instalments,
you are not compelled to pay a huge amount of money at once, which keep your
liquidity for emergency things and give you a sense of financial security, it's
always good to keep some money for unexpected circumstances. Secondly,
instalments broaden your prices horizons, and this one is tricky actually, you
can count it as con and pro too, depends on which angle you look at it from, but
if you were logical and weighed the cons and pros of paying by instalment,
normally, you can't afford, then you looking at it as one of the instalments'
benefits. Turning to the other side of the argument, partially from the former,
a lot of people encouraged by the instalment payment method to buy more and
more, or buying something unreasonable for a huge amount of money, relying on
the instalments and don't worry about the impacts of that decision. For
instance: and this case always getting me frustrated, when I see someone bought
the last version of the iPhone by instalment and showing off his iPhone
everywhere, but when you look at his car you find an antique old car! his iPhone
approximately costs a third of his car value!! Why bro, why putting a lot of
pressure on your shoulders, just to show off in front of other people, while you
can afford another phone or an old version of your iPhone. Bro your car is a
necessity but your iPhone is a luxury. Another issue, some of the instalments
got a high interest, and people don't find out that they are deceived until it
comes to pay the interests part after a long time of buying the product, or
after the interests accumulated on his back and becomes depts itself.
All things considered, instalments are a sword of 2 edges.