This piece is part of my 2016–2026 archive migration. Some original formatting, content, and external links may be missing, changed, or not be optimized.
Mouse traps = minimum payments
When you ask the average person if they can afford something, their thought process is likely considering if they can afford the monthly payments because most people don’t have the cash to fund their lifestyles.
Technically, if you can’t afford something without a minimum payment plan in place, you can’t afford it, and this is the wretched truth people don’t want to face, but these are simply the facts.
When considering financing something, ask yourself how the minimum payment affects your bottom line, the amount invested per month, expense load, and free cash flow.
If it doesn’t make sense, learn to say no and implement delayed gratification.
This content is for informational purposes only — not professional advice. Consult a qualified professional before making any major decisions.