What is the best way to plan a big-ticket purchase?

Don’t yield to impulses with any purchase, especially big-ticket ones. Like every financial transaction, spend time to explore the details of what the big-ticket purchase entails. For instance, a new car model may be tempting, and could be bought with a good car loan deal. However, it makes sense to also understand what the maintenance costs of the car would be than buying blindly. Most importantly, ask yourself if it is really necessary before you decide to buy. If you are giving up something to make this purchase, it better be worth giving up. Do make sure that you have all the relevant facts, enabling you to make an informed, thoughtful decision. 

olmdesk@outlookindia.com