Will you like to pay by instalment?

@youless (100180)
Guangzhou, China
November 13, 2008 9:13pm CST
I don't like paying by instalment. I like to pay for what I buy right away. As I have to pay extra interest for the instalment payment method. If I can't afford it, I will wait and then buy it when it's cheaper.
5 people like this
32 responses
@Roseo8 (2947)
• India
14 Nov 08
Hi youless ,Yes I too do not like to buy things on installments,because firstly you end up buying more expensive things,and secondly,you have to shell out more money to pay the interest too.......
3 people like this
@youless (100180)
• Guangzhou, China
14 Nov 08
That's true. Today it's the weekend and I hope you will have a great day!
2 people like this
@Roseo8 (2947)
• India
14 Nov 08
Thnaks youless...Hope you also have fine time with your family ,this week end....
1 person likes this
@marsha32 (6663)
• United States
14 Nov 08
Right now I don't have money to pay either way, but it is always best to pay up front and save money on interest and things like you say. Marsha
@youless (100180)
• Guangzhou, China
14 Nov 08
Thanks for your response.
1 person likes this
@juhi06 (1850)
• India
14 Nov 08
it all depends on what you are buying and how much money you have on you right now!! i will save on inflation rather than save on interest!! imagine buying property . we needs finance and the interest factor will always be less that the increased value of property!! it may not be true while buying tv or fridge or computer!!
3 people like this
@youless (100180)
• Guangzhou, China
14 Nov 08
You are right.
1 person likes this
@kekexinfeng (1303)
• China
14 Nov 08
I don't like this way too,and I also like to pay for right away,because when I pay instalment,I may forget it,then they will give me a punishment. However,we have to pay instalment when we buy a house,because we don't have so much money,but we love house,what do you think?
3 people like this
@youless (100180)
• Guangzhou, China
14 Nov 08
House is different. It's very expensive. So sometimes paying it by instalment is the only one choice.
1 person likes this
@dinona (198)
• Malaysia
14 Nov 08
I do not like to pay by installment but if I need something which is more expensive and I could not afford to buy,I have to pay the instalment.
2 people like this
@youless (100180)
• Guangzhou, China
14 Nov 08
Me, too.
@ronaldinu (12439)
• Malta
10 Dec 08
If I am going to buy something expensive which I don't have enough money and I need it immediately yes I would buy by monthly installments. For example I have bought a car by paying monthly installments. However if it a small amount I make sure that I save for it before.
1 person likes this
@youless (100180)
• Guangzhou, China
10 Dec 08
Thanks for your response.
@subha12 (18452)
• India
8 Dec 08
what I can pay at that instance, i will pay as it is. I do not prefer paying by installments. it is a liability on me.it is something i will feel bad about.
1 person likes this
@youless (100180)
• Guangzhou, China
8 Dec 08
You are right. Besides, you have to pay extra if you decide to pay it by installment payment.
@silverglint (2001)
• Philippines
8 Dec 08
That is a very good practice, that way, you won't have any obligation to worry about in the future. I wish I had that discipline. It would have kept me from being in debt right now. Though there are installment schemes with no interest, it still is hard when I run out of budget. I don't know whether to pay my installment obligation first or to make budget for the house.
@youless (100180)
• Guangzhou, China
8 Dec 08
Thanks for your response.
@spoiled311 (5502)
• Philippines
8 Dec 08
hi youless! well, it depends on the item. there are big items that i would rather pay on installment. however, i only do that if i have money on hand to pay for it. not to wait for money to come in order to pay. i don't like the idea of still earning the money to pay for what i got. hehe take care and God bless you!
1 person likes this
@youless (100180)
• Guangzhou, China
8 Dec 08
Thanks for your response.
@simon611 (598)
• China
8 Dec 08
I will do this if I have't enough money, it is a very good possess what you want to buy before you can afford it. Have a nice day.
1 person likes this
@youless (100180)
• Guangzhou, China
8 Dec 08
I think so.
@yamskee (830)
• Philippines
7 Dec 08
i like paying in cash rather than paying in installment. installment has interests while paying in cash is cheaper. if you pay in cash instead of paying for interest you can you your money in buying other stuff.
1 person likes this
@youless (100180)
• Guangzhou, China
8 Dec 08
You are right.
@jewilim (495)
• Philippines
6 Dec 08
Same here, i dont like paying by installment. I dont like having the thought of owing someone money. Its like you are just proloning your agony. I think if you can pay it all immediately it would really be better. I really bothers me if i still owe some people something. I think if i cant afford something i would try to save more and just buy it if i could afford it. I dont like buying things more that what i can afford. I think this is where most people make their usual mistakes. I think we should not always push our budgets to the limits, it would be best to give some allowance in case we might be needing something for emergency because it is really hard to tell when we might need something to pay for.
1 person likes this
@youless (100180)
• Guangzhou, China
6 Dec 08
I totally agree with you. I don't like the feeling of owing money.
@bombshell (11265)
• Germany
5 Dec 08
i dont! i learned it from my husband not doing that!is cheating!
1 person likes this
@youless (100180)
• Guangzhou, China
6 Dec 08
I don't think it's a cheating. You have to pay the extra interest since you are unable to pay for it at once.
@plumwish07 (4059)
• Indonesia
18 Nov 08
it will depend on what kind thing that we gonna buy. if its just kind of electronic product or basic daily product then i prefer to buy it in cash. but for some stuff as like buying a house, there is no option if we don't have much cash except to buy it with instalment program
1 person likes this
@youless (100180)
• Guangzhou, China
18 Nov 08
House is different. Not many people can afford to pay it all at once.
@kunking (1116)
• China
17 Nov 08
i think it is up to you when you decide to pay by installment or not. If you need something very much but cannot afford it, then you can consider paying by installment and you can get it early. But if the thing you need is not so urgent,you can wait till the price is cutting down. Although you could get and use it late.
1 person likes this
@youless (100180)
• Guangzhou, China
17 Nov 08
But having a debt isn't a good feeling in my opinion.
@ahgong (10064)
• Singapore
17 Nov 08
It really depends on what the item is. If is a non-necessity, I am like you. But if it is a necessity, I will seek out the best deal on the Installment. This is to ensure that I will may minimum interest for the item in hand. Important if you are on a tight budget and need the item urgently.
@youless (100180)
• Guangzhou, China
17 Nov 08
That's true. Thanks for your response.
1 person likes this
@leeapollo (611)
• China
16 Nov 08
me too. I don't like paying by instalment.I like simple things.instalment is too complex for me. I by things directly ,if my money is not enough ,I will borrow some and pay my bill right away.
1 person likes this
@youless (100180)
• Guangzhou, China
16 Nov 08
This is a good reason
• Hong Kong
16 Nov 08
No I don't like paying by installment. I usually pay at one-go or I would wait till I get enough money. I don't like the feeling that the things are not owned by me and I have to pay every month. I like paying it all at one time in the first place.
1 person likes this
@youless (100180)
• Guangzhou, China
16 Nov 08
Nice to see you are active here again Actually yesterday I went to Hong Kong to open a bank account there so that I can withdraw my money from Paypal.
@bowtieguy (5924)
• United States
15 Nov 08
I like to pay for things all at once that way I don't have to worry about making payments I will be done with it. I guess it helps to buy more expensive things but I tend to stay away from something if it is too pricy anyways.
1 person likes this
@youless (100180)
• Guangzhou, China
16 Nov 08
It's good that you will not have any debts since you know how to handle your money well.
@cjgrooms (4456)
• United States
14 Nov 08
I had much rather pay all at once but there are some things (car, house) that you have to make payments on if your going to have them.
1 person likes this
@youless (100180)
• Guangzhou, China
15 Nov 08
That's true...