The 4 Simple Benefits Of Buying Household Items With Instalment Plans

We all love window shopping. Don’t we?

Just drooling over your wish-list, checking the products’ price tags, and making calculations in your head, we’ve all done that at one point or another.

Well, the good news is that we’re living in the 21st century now. Fortunately, buying your favourite household items is not an impossible dream anymore. 

Thanks to modern payment solutions like instalments, you can easily buy items that were out of your budget range before. So, whether it is an automatic washing machine that your mom has always wanted or the latest smart speaker set for your room, you can buy anything and everything using instalments.

Many people frown upon the idea of choosing instalment payments to purchase big household items because they think it will not benefit them in the long run. That’s a common misconception. Buying household items in instalments has various benefits; let’s look at the most prominent ones:

Benefit 1 – Instalments Come in Handy When You Are Broke

Life is unpredictable. Everything could be going fine one day, and the next moment life could take a U-turn. For such emergency cases and unforeseen situations, the option to pay in instalments is the ultimate lifesaver.

For instance, you broke your phone or laptop and are in dire need of a new one, but your pockets and bank balance are empty. That’s where easy monthly instalments come into play and enable you to buy necessary household items without giving away a massive chunk of your monthly salary at once. 

You can enjoy using the product right away while paying for it based on your convenience and current financial status. 

Benefit 2 – You Can Manage Instalment Terms as Per Your Convenience

Another great benefit of paying for a product in instalments is choosing the payment terms at your convenience. This mainly depends on the value and nature of the product that you are buying. 

For instance, if you are buying small items like smart speakers or a coffee table, you can choose to pay for them every week and quickly cross it from your list of expenses. You can choose a monthly instalment plan for higher value items like a 4K Smart TV, Fridge, or Washing Machine. 

Various e-commerce websites are offering easy instalment pricing plans to their customers. One such example is Gimmie, which offers multiple weekly and monthly instalment plans customers can choose as per their convenience. You can buy various household items like electrical appliances, furniture, fitness equipment, home security system, wearables, etc., at your choice of instalment pricing plan. 

Benefit 3 – You Can Keep Track of Your Finances 

Let’s face it. Monthly budgeting and keeping track of your finances is not everyone’s cup of tea. Sometimes, you are just one impulsive purchase away from going cashless for the rest of the month.

Thanks to instalment payments, you can fulfil your impulse buying needs without losing control over your money. You can keep track of your monthly instalment payment amount and stay on top of your budgeting and planning.

Now that you have a clear-cut understanding of how your monthly expenses look like, this reduces your chances of going broke or cashless.

Benefit 4 – Instalments Help Save You from Additional Debts 

Having a credit card can be both: a blessing and a curse. It lures you into buying expensive items you may not necessarily need, especially if you have low self-control and poor money management skills. Once you get used to credit card purchases, it is just a matter of time before you get trapped in credit card loans and are on the verge of bankruptcy. 

With an instalment payment plan, you can minus all the trouble of a credit card loan and get hold of your desired item without putting all your money at stake. You can keep your expenses in control and manage your finances in a better way.

Apart from this, most instalment plans come with zero interest rates. This gives you the added advantage of saving up money. Now you have all the more reasons to choose an instalment payment option instead of a credit card.

The Bottom Line

In conclusion, we would like to reiterate that buying household items in instalments is a great option. Instalment pricing plans have opened a new gateway of opportunities for shoppers and sellers by increasing their sales by a large margin. While it is true that with instalment plans, you have to pay a slightly higher price for the product you purchased, it is worth it in the end as you get instant ownership of it.