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My son (15 in Yr 11) was extolled the virtues of buying cars & phones on finance during by a teacher in a school assembly recently.
by kerrsclyde 4y ago
My son (15 in Yr 11) was extolled the virtues of buying cars & phones on finance during by a teacher in a school assembly recently.
- ta1243 4y agoBuying things with finance often makes sense when the cost of the interest is less than the opportunity cost of using the money elsewhere Unfortunatly people don't have the skills to judge the total cost, or the value, so either listen to one of two extremes of "just buy on finance" vs "never buy on finance"
- deleted 4y ago[deleted]