Question

Your friend wants to buy a new television that is out of his budget; however, he discovers a local place where he can get the television and then make weekly payments. Based on what you learned in the lessons, is this a wise financial decision? Explain why or why not.

Answer 1

Depends if you want to do it or not but in my opinion it is a good way to get what you want but first think how many wells months or years will it take to pay it off

Answer 2

This is not a smart financial decision. This sounds like an example of a rent-to-own service. With this weekly payment method, this service may charge him high interest rates. Once he fully pays off the television, he will have paid way more for it than he originally would've had to.

Step-by-step explanation:

Personal Financial Literacy on FLVS