It ended 2017 and fortunately the world did not end on September 22 to the joy of many people, but with the beginning of the year also come extra debts and expenses that can not be forgotten, besides the IPVA and IPTU (loan to pay IPVA and IPTU) , have the child’s tuition checks and school supplies that need to be purchased. These types of concerns are already part of the lives of parents, however, not all prevent or prepare for these additional costs.
Buying school supplies is it worth it?
Of course yes! Nowadays it is very common for a group of parents to organize themselves to buy the list of school supplies in the wholesale, thus they can obtain prices up to 30% lower than in conventional retail or simply buying individually. It is worth mentioning that this is one of the most common ways to get discounts and savings in bulk, since the materials are purchased wholesale, so the price of each item gets much cheaper.
Anyway, the purchase of school supplies should be made, after all the school will not give up this material that will be used all year, so what to do if the money is short. It is not only school expenses that must be paid at that time, for some, car insurance renewal also occurs in January and February.
Installing school supplies on credit card
Buying school supplies in installments on a credit card can be a very risky transaction, if by any chance you delay a bill the interest has seen a snowball.
Using the bank’s credit limit is another operation that can cause problems for finances, the return period is short, and interest rates are low. So can apply for a pre-approved loan? Even if you are willing to pay interest of 3.90% to 8%
Buy school supplies on the spot or take out a loan?
If you have reserved an emergency sum or kept a financial security reserve, pay cash and get discounts, if not, an inexpensive way to buy your children’s school supplies is by taking a payroll loan, the minimum term is 6 installments and in this amount of installments interest is 0.75% in the Caixa and 0.79% in BB and up 1.23% in other banks.
“It would be interesting if these types of expenses were thought out in advance, if a small amount were to be set aside each month during the year, it would exclude the unexpected or unwilling use of a consigned loan line, financing or interest credit to buy school supplies”.