iPLAN to get a major purchase

1. Ask yourself why. 

First of all, ask yourself why you want to make a major purchase.  Is it a need?  Is it a future investment?  Is it worth it?

2. Choose. 

After you have identified your reason, it is time to take your pick. Knowing your goal, which will be more helpful?  Are you going to buy a house for the family’s out-of-town vacation?  Or would you rather buy a car to take your pre-schooler to and from school?

3. Keep your eyes open.

Now that you have your focus on one thing, start asking around. Browse websites. Read the papers.

4. Ask advice from your friends.

If you’re planning to buy a house, ask a friend who just bought one.  Ask him the pros and the cons. After doing so, evaluate.  Is it still worth it?

5. Think forward before finally giving in. 

Before finally giving them your bank account, think forward. Once you get your new property, what will its impact to your family be? If your answers still justify your move to buy – it’s time to purchase!