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Basics Beginner: Things to Ask Yourself about Large Purchases

Introduction to Things to Ask Yourself about Large Purchases What Is a Large Purchase? Needs and Wants Used versus New Buy Now with Credit or Later with Cash? Summary of Things to Ask Yourself about Large Purchases
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Introduction to Things to Ask Yourself about Large Purchases

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Exercise care before you drop a big stack of money on a major item. Here are some things to consider.

What you will learn

  • What Is a Large Purchase?
  • Needs and Wants
  • Used versus New
  • Buy Now with Credit or Later with Cash?

What do you know?

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Introduction to Things to Ask Yourself about Large Purchases

Is it a car, a vacation, a house—or just a washing machine? How "major purchase" is defined will vary from family to family. Here are some ideas for how to think about a large expenditure.