Basics Beginner: Things to Ask Yourself about Large Purchases

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1.
What is perhaps the best way to decide if a purchase is a major one?
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The best way to decide if a purchase is major is by considering either how long the product will be of value and/or how much the product costs, and/or if it is already part of your budget. Family budgets can often be compared to those of small businesses.
2.
Buying a major purchase now instead of later is a perfect way to save money on it.
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False. Waiting a while might net you a discount that wasnt there earlier, and it may also provide you the means to pay for it (such as with a tax refund).
3.
When considering major purchases, its always best to buy new products.
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False. Very often one can afford more bells and whistles by considering used products.
4.
When researching a major purchase to buy, listing all the features you must have and all the features you would like to have can help you separate your wants from your needs.
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True. Getting a good sense of the luxury features and the necessary features can give you the needed perspective.
5.
If you have destroyed your credit in the past, you should _______ making a major purchase on credit again.
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Sometimes consider. Provided that you pay it back according to the terms of the credit card, you can use a major purchase as a way to reestablish credit.