SMALL MONTHLY PAYMENTS
Find a Conversation
SMALL MONTHLY PAYMENTS
| Fri, 07-04-2008 - 1:20pm |
Has anyone noticed that its the small monthly payments that get you , at least it is for me, you buy something on payments, and the payment will only be 10-20- 30 a month, which isn't bad. its when you get a whole bunch of those small payments, then OH MY GOODNESS when did the small payments added together get so big.
We bought a Bowflex this year and the payments are 47.00 a month so I've been sending 50.00, just a little extra you know to get the principle down.

I always wondered how the Bowflex payment thing worked and what the total cost would end up being for one of their machines.
I realized that when I bought a Nordic Track about 10 years ago. Since then I buy things only when I have the money saved up or I can pay for it within the next month, and I put everything I charge on American Express (I turned off the extended-payment feature too, so the whole balance has to be paid). It's too easy to think of those $40 a month payments as being inconsequential, but if you have a few of them, they add up to something big.
Kelly