Sources of financing of consumption
 The consumption financing includes both to the loans and personal credits and to the financing of consumption in cash. It is important to bear in mind that when we refer to the consumption, we are speaking about all those expenses that can turn out to be secondary in our life; for example, many persons usually realize a consumption financing by means of loans of money, which end will have to buy the gifts for this Christmas. In many other cases, the persons decide that a good idea for the consumption financing is to ask for a credit to realize a holiday of weddings, of birthday or of anniversary.
Since we can see exhibited in this paragraph, most of the people do not have great conscience of the responsibility that he is acquiring when he inclines for choosing between these options for the consumption financing, and this turns out to be very serious since the quantity and the gravity of the debts contracted by it, they usually lead the people, frequently, to having the obligation to declare themselves in broken banking. The interests that must be paid when there is requested a loan or a credit like way of financing of consumption are excessively high, and precisely this is the reason by which there is made difficult the achievement of the corresponding payments. Also, another way of financing of consumption that we forget to name at first, is the use of the credit card. In this sense we must say that the same one takes so many benefits as disadvantages. First of all, the quotas of financing of consumption belonging to a credit card it is usually very easy to pay since mostly, the credit cards signatures have agreements with different commerce so that the money-market rates do not exceed 7 %, and in most of the commerce, payments are offered usually even in 16 quotas without interest, depending the product that is still to be acquired.
 For example, in case of domestic appliances, the consumption financing for credit card can go from a payment without interest up to 16 quotas without interest, and in case of the commerce that sell clothes or another type of articles, they can go so far as to do payment plans of up to 6 quotas without interest or with a minimal interest of 3 %. It is all forms very important that we bear in mind that many persons are usually quite irresponsible as for the use of credit cards for the financing of personal consumption.
Since if it is a question of one of these compulsive buyers, the most probable thing is that anyhow, without importing the quantity and the quality of the benefits granted, they contract debts of different magnitude, but bear in mind that these debts also are motives for declaring themselves in broken banking. The average only one of financing of consumption that is completely sure and counts with a major control on the part of the buyer that it is the cash. In this case we can say that to go shopping with cash is the only way of assuring to us non-contracting debts, and also it is a good practice so that the compulsive buyers apply a major control: Of what way?, so if one is arranging of a cash limit for the financing of consumption of one day of buys, then the person will have to abstain to spend the just and necessary thing. In fact, in many centers of rehabilitation for the persons who have this problem, one of the most common practices is to force them to the habit of using cash.
Recommendations
Since we can see, all the methods of financing of consumption are elements that we must use every day, and it depends purely and exclusively of us, the use that we will give him to the money destined for this financing. In conclusion, it is very important that it moves away from the credit securing and loans like form of financing of consumption, with the exception of which it has an effective and effective plan to be able to pay the totality of the refund of the loan; be careful with the credit cards, remember that in order month he will always have to answer with the financial obligations corresponding to the same one, and in the personal thing, it is always better to leave the credit cards for the buy of those products that are unattainable of paying in cash. Finally always take cash for his buys since as we said previously, the consumption financing by means of cash is the only way of not contracting debts. |
