Weeek 6 Disscusion 1 FP101

Weeek 6 Disscusion 1 FP101 - if it is just a want. After...

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It is important to go through the steps listed in the book because you do not want to buy a large purchase just on impulse. You have to know what you can afford, and you have to compare it to other items to see if it is the best deal. With the help of the diagram in the book you can develop good purchasing skills, and refrain from making bad financial decisions. The first question that you should ask yourself is, “What do I need?” With this question you determine if you really need to make a large purchase or
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Unformatted text preview: if it is just a want. After you have already found that you are need of a large purchase, you should revise your budget to find out what you can afford. If you can afford it you should think about either leasing the item or buying it with cash. You should compare with other sellers to find out if this would be the best buy for you. Also you can negotiate with the seller the terms of the contract. These are important steps you can take to develop your purchasing skills....
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