Set the context by defining a major capital purchase. |
Let’s talk about a few of the basics when it comes to determining a strategy in how to pay for major capital purchases. First, let’s define what a major capital purchase is. It is any current lifestyle item a family buys which they cannot pay for in full out of monthly cash flow. Items like cars, large house improvements, medical expenses, vacations and so forth. |
No math presented on this screen. |