Herbert Hernandez, CEO of Encubeta Extendo—in charge of the shopping intent survey during the 2022 hot sale—shares with detail tips so that the purchases you make don’t become a headache.
Tips for buying months without interest
Generally interest free months are a good option for buying durable goods which cannot be afforded in lump sum. However, if they are not used properly, they will have problems in paying.
The first step is to define a budget and differentiate between the products and services you need and those you want.
“There are things you want, but don’t need, regardless of brand. What I need to buy and that’s a big ticket is the difference between what I want to own; But if I do this with everything I love, I’m going to end up with a debt that will make it hard for me to get out of later,” Hernandez said.
He says the first thing you have to do is buy the things you need and leave what you want for later.
Another behavior that Herbert Hernandez explains is that months without interest are used to pay large bills, i.e. durable goods such as screens, refrigerators, washing machines; And be a total with “small” tickets.
Purchasing intent for the ninth edition of Hot Sale indicates that 57% will be looking for electronics, 50% fashion, 38% electrical appliances, 33% toys and video games, and 23% cell phones.