You’ve got your eye on a big purchase, something you’ve dreamed of owning. So, now what? How do you know when it’s the right time to buy an item that isn’t really a necessity? Well, the first step is to evaluate your current financial situation, including how much money you have in your savings and investment accounts, and the bills you currently owe. Are there any significant expenses you anticipate coming soon? Do you expect any negative impacts on your finances in the predictable future?
If a review of your finances suggests that, yes, it’s reasonable to consider splurging on a big purchase, then it makes sense to determine how you can save money to get the best deal possible.
In this post, we’ll get into money-saving tips, tricks, and hacks to help you save money when buying a car, getting engaged, planning your wedding, going on a cruise, or buying a boat. We’ll also show you how using SoFi Wealth can help position you so that you can potentially afford the purchases of your dreams.