While it is impressive to know someone who has managed to purchase a Rolex, that can only be considered as a minor purchase in one’s lifetime. And that sparkling diamond ring is neither a major purchase as well.
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It is normal to think through where the money goes. Knowing the entire purchase cost is something to be done. Focusing on the initial payment may seem easy but this should not be the case. The life’s biggest purchases is a major decision thus it requires time and effort to finalize whether it is the right time or to continue with the waiting game.
Below is the biggest purchases one may have in life:
- House – It is considered the biggest purchase. Whether it is a one-bedroom condo or a family home.
- Automobiles – This indeed is a status symbol regardless if this was paid in cash or through a loan.
- Education – From college tuition fees to resources.
- Insurance – This should be a partner for every major purchase one have.