Question

Which of the following is a wise practice for making important purchases?

Answer 1

An important consideration to make when making an important purchase is whether the benefits of making that purchase are more than the cost of doing so.

You did not include the options in question so I will give a general answer.

Important purchases:

• Have a long term effect on our lives
• Are usually quite expensive

Because they are expensive and so impactful, important purchases should not be made lightly. They should instead be considered carefully before they are made.

Perhaps the largest consideration is whether the decision will pay off more than it will cost. Bear in mind that they payoff does not only have to be monetary but can be emotional or mental as well.

In conclusion, when it comes to important purchases, the main thing we should consider is if the decision will pay off more than it cost.

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