Question

Which of the following should you consider when making a significant purchase?
All of the above
The opportunity cost
If you can’t pay with cash, don’t buy it
Your buying motives

Answer 1

All of the above.

Briefly why:
- Opportunity cost: money spent on one thing means it isn’t available for other priorities or savings.
- If you can’t pay with cash, don’t buy it: consider whether financing or credit is necessary and affordable — avoid high-interest debt for nonessential purchases.
- Your buying motives: check whether the purchase is needed or an impulse, and whether it matches your goals and values.

Also consider total cost of ownership, alternatives, quality/warranty, and how it fits your budget.