Checklist: Planning for Large Purchases

Being aware of your current financial situation, considering the total costs of the purchases, and learning about payment methods can help you plan clear goals.

Comparing all options, price timing, and loan plans can help you make the most financially-secure purchase.

Set up a savings account, cut back on impulsive and non- essential purchases, and create a savings plan to prepare for your purchase.

Understanding loan and credit options, researching interest plans, and considering a down payment can help give you clarity on how you will finance your purchase.

Consider how this purchase will impact your other financial goals, plan for future maintenance or repair costs, and consider how the value of your purchase will hold over time.

Avoiding making large or life changing purchases on a whim, considering all alternatives, and avoiding temptation to dip into your savings for other uses.

**For information purposes only. Always consult a healthcare, financial, investing, tax, or legal professional, as this content is not a comprehensive resource on these topics, should not be relied upon, and should not be considered medical, financial or legal advice. No guarantee or any warranties or representations as to the accuracy, applicability, completeness, or suitability for any purpose of the information contained herein is provided.