Do you make monthly purchases on credit?

[Stardom22]

l really hate debt for that matter. Most of the people that are indebted fail or get to their financial freedom very late. I would rather live within the means to avoid debts.

 

[Nomad]

I am not a fan of buying in credits but I do like to use my credit cards for making small purchases, for instance buying grocery. I get a 45 days payment window, which means I can enjoy buying on credits for 45 days. For big purchases, I always buy with cash.

 

[Stardom22]

I try as much as possible to avoid the debt. The only way to the one's financial freedom is starting to live a debt free life.

 

[Augusta]

No I don't like deht I only buy what I know would benefit me and help me meet with my means

 

[Guest 70]

I use a credit card so I buy things in credits. However, my credit cards has a limit of amount that is equivalent to $500 so I cannot make big purchases from my credit card. I can only buy small things.

 

[King Belieal]

I am grateful that my country doesn't have a functional credit system. That's why I am not indebted to anyone. Debts has a way of distorting your financial plans and your entire balance.

 

[Yusra]

I try to avoid racking up too much credit card debt, so I don't make a habit of putting all my purchases on credit each month. However, I do use my credit card for some recurring bills and larger expenses that I can pay off gradually without interest. This helps me build credit history responsibly.

 

[deucher]

I very rarely spend a lot of money. My bank gives me such an opportunity and it is an interest-free loan, but I do not like to use other people's funds, so I only use it in emergency cases

 

[RainbowSunshine]

I dont. I use my monthly earnings to help sustain me and my daughter through out the month. I work eea hard to avoid situations where I ened up needing credit to get by because aying it back would prove rather difficult for me.

 

[Junrose123]

I have a credit card but sadly I am not using it because I am afraid that I might turned to be shopaholic, which means I will devote my purchases in everything that I want even if it is not necessarily because of the easiness and availability of funds in my credit card. Besides I don't want to pay for additional fees because it can only add up to my monthly and annual expenses.

 

[Stardom22]

According to the statistics in my country, majority of the people of Kenya are into debt. ln fact some couple of years ago the government was being forced to delist almost 70% of the people that are in the working bracket on the credit burea and credit report auhorities. They have made very easy for people to access loans and most especially on the hire purchase for the sell of almost all of the items here.Most peoplle tend to take the phones, motorbikes on the hire purchase basis whereby one is required to pay a very little amount of money as the deposit and pay the rest
in the flexible instalments payable on daily, weekly or monthly basis. The lending companies are the ones benefitting from that because they charge so higher interests on the loans that make clients not able to pay on the long run resulting in confiscating back the items leaving the clients stranded and not knowing what to do.

 

[eLdavis]

I try my best to avoid anything that has to do with me buying something on credit, and over here we do not have access to a credit card.

 

[Shortie]

I have been known to make purchases in which I pay off a certain amount each month for 3 months until it is paid off. I have found this has given me the ability to purchase expensive things that I would not have been able to afford outright whilst also keeping my credit score up.