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Debt

Why I Wait: The Cost of Monthly Payments

Debt, Money

One of the easiest ways to get into a costly paycheck-to-paycheck lifestyle, or what I call PTP mode, is to think in terms of monthly payments instead of total cost. Accepting monthly payments is always the best route, or so we may assume, because we get what we want RIGHT NOW at an ongoing monthly rate that fits well within our budget. However, there are two problems with this thinking: 1) Anytime we are paying for an item through monthly…

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