Nowadays, a lot of people can afford their expensive bills by paying in installments. That has made life easier for some of them, but in general, people are misusing the installments and it encourages them to purchase more, not to control their spending. Let's begin by looking at the advantages of the installments. One of the main benefits is that you are not compelled to pay a huge amount of money all at once, which saves your cash for emergencies and gives you a sense of financial security. It's always good to save some money for unexpected circumstances. Secondly, installments broaden your price horizons, but this one is tricky. You can count it as both a pro and a con. It depends on which angle you look at it from. If you were logical, and weighed the pros and cons of paying by installment, normally, you can't afford an item. In this case, you are looking at it as one of the installment's benefits. Turning to the other side of the argument, a lot of people are encouraged by the installment payment method to buy more and more, or to buy something unreasonable for a huge amount of money, relying on the installments, and don't worry about the impacts of that decision. For instance (and this type of case always gets me frustrated): I'll see someone buy the latest version of the iPhone by installment and then show it off everywhere. But when I see his car, it's old! Their iPhone costs approximately a third of what their car costs!! Why bro? Why are you putting a lot of pressure on your shoulders, just to show off in front of other people, when you could buy a different phone or an older version of your iPhone? Bro, your car is a necessity, but your iPhone is a luxury. Here's another issue, some of the installments have high interest rates, and people don't find out that they are being deceived until it comes time to pay the interest, or after the interest has accumulated and becomes debt.

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.