Cash or Credit/De Contado o a Crédito?

http://edis.ifas.ufl.edu/ ( Publisher's URL )
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Material Information

Title:
Cash or Credit/De Contado o a Crédito?
Physical Description:
Fact Sheet
Creator:
Torres, Nayda I.
Harrison, Mary N.
Publisher:
University of Florida Cooperative Extension Service, Institute of Food and Agriculture Sciences, EDIS
Place of Publication:
Gainesville, Fla.
Publication Date:

Notes

Acquisition:
Collected for University of Florida's Institutional Repository by the UFIR Self-Submittal tool. Submitted by Melanie Mercer.
Publication Status:
Published
General Note:
"First published: January 1994 . Reviewed: December 2005."
General Note:
"FCS 7144"

Record Information

Source Institution:
University of Florida Institutional Repository
Holding Location:
University of Florida
Rights Management:
All rights reserved by the submitter.
System ID:
IR00002600:00001


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FCS 7144 Cash or Credit?/De Contado o a Crdito?1 Nayda I. Torres and Mary N. Harrison2 1. This document is FCS 7144, one of a series of the Department of Family, Youth and Community Sciences, Florida Cooperative Extension Service, Institute of Food and Agricultural Sciences, University of Florida. First published: January 1994 Reviewed: December 2005. Please visit the EDIS Web site at http://edis.ifas.ufl.edu 2. Nayda I. Torres, Professor, Family and Consumer Sciences and Mary N. Harrison, Professor, Consumer Education, Department of Family, Youth and Community Sciences, Cooperative Extension Service, Institute of Food and Agricultural Sciences, University of Florida, Gainesville, 32611. The Institute of Food and Agricultural Sciences (IFAS) is an Equal Opportunity Institution authorized to provide research, educational information and other services only to individuals and institutions that function with non-discrimination with respect to race, creed, color, religion, age, disability, sex, sexual orientation, marital status, national origin, political opinions or affiliations. U.S. Department of Agriculture, Cooperative Extension Service, University of Florida, IFAS, Florida A. & M. University Cooperative Extension Program, and Boards of County Commissioners Cooperating. Larry Arrington, Dean Disadvantages and Advantages of Using Credit To pay cash or to use credit is a choice you have to make each time you buy. There are many good points as well as bad points to using credit. The disadvantages are: Credit costs money. You pay extra for the item you are buying because of the finance charges. You are spending future income. You are living on money you expect to have in the future. If you lose your job or become ill, this could cause a problem. You may overspend. It is easy to do this when the bills don't come for a month. The advantages of using credit are: You can get goods and services before paying for them. You can use credit to take care of emergencies. You don't need to carry large amounts of cash. Before You Decide Before you decide to use credit: Ask yourself: Do you really need the item, or can it wait? Is having it now worth the extra costs? What will be the extra cost of using credit? Can you make the monthly payments as scheduled? Will you have to give up something else that is more important in order to use credit now? Will you be able to handle an emergency if one comes up? Figure out how much you can afford to repay each month. Remember that you are agreeing to:

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Cash or Credit?/De Contado o a Crdito? 2 Pay back the money you owe. Make monthly payments. Desventajas Y Ventajas De Utilizar Crdito Cada vez que usted hace una compra, usted tiene que decidir si va a pagar de contado o si va a usar crdito. Hay muchos puntos positivos as como puntos negativos relacionados con el uso del crdito. Las desventajas son: Crdito cuestra dinero. Usted paga dinero adicional por los artculos debido al costo del financiamiento. Usted est gastando ingreso futuro. Usted est viviendo con dinero que usted espera recibir en el futuro. Si usted pierde su trabajo o se enferma esto puede causar problemas. Usted puede gastar de ms. Es fcil hacer esto cuando las facturas no llegan por un mes. Las ventajas de utilizar crdito son: Usted puede obtener bienes y servicios antes de pagar por ellos. Usted puede utilizar crdito para enfrentarse a situaciones de emergencia. Usted no necesita llevar grandes cantidades de dinero en efectivo. Antes De Decidir Antes de que usted decida utilizar crdito: Pregntese: Necesita usted realmente el artculo, o puede esperar? Amerita el tenerlo ahora el costo adicional? Cunto ser el costo adicional de utilizar crdito? Puede usted hacer los pagos mensuales segn programados? Tendr que dejar de adquirir otras necesidades que son ms importante para poder usar crdito en el presente? Podrs enfrentar una emergencia si ocurre? Calcule cunto usted puede garantizar reembolsar cada mes. Recuerde que usted est accediendo a: Pagar el dinero que usted debe. Hacer pagos mensuales.