What are the best tips for saving bigger chunk of money?

[Stardom22]

My cousin brother wanted to buy a posho mill but he didn't have enough cash for the transaction. So what he did was to go for a hire purchase merchant and take that product on hire purchase basis. What do you have to say?

 

[gwolf666]

My cousin wanted a posho grinder but didn't have all the money. So he decided to buy it in installments from a dealer. This way he could have the mill now and pay little by little

 

[BeeRoyal13]

My

My cousin brother wanted to buy a posho mill but he didn't have enough cash for the transaction. So what he did was to go for a hire purchase merchant and take that product on hire purchase basis. What do you have to say?

My suggestion would be to get into a business that will create more profit or doing trading these two work when performed correctly.

 

[Springtime]

If he does not have enough money to pay out right, hire purchase is an alternative. But he has to make sure he can pay the instalment payment on time. Otherwise, interest will be charged.

 

[BeeRoyal13]

If he does not have enough money to pay out right, hire purchase is an alternative. But he has to make sure he can pay the instalment payment on time. Otherwise, interest will be charged.

Instead of hire purchase he can save up some money to avoid interest and unnecessary fees if that fails maybe a small loan can be borrowed.

 

[Augusta]

I would prefer Fixed savings accounts as it offer the top rates, though you can't access your cash. Here you lock up your money for a set period, typically between six months and seven years. You get a guaranteed rate of return.

 

[eLdavis]

In situations where i don't have enough money to pay for what i want, i simply wait and save until i have enough.

 

[BeeRoyal13]

I would prefer Fixed savings accounts as it offer the top rates, though you can't access your cash. Here you lock up your money for a set period, typically between six months and seven years. You get a guaranteed rate of return.

Its better to have two investments savings, one which you can access funds for spending even if is little cash it can gain interest

 

[kit_hung]

My cousin brother wanted to buy a posho mill but he didn't have enough cash for the transaction. So what he did was to go for a hire purchase merchant and take that product on hire purchase basis. What do you have to say?

The step your brother took is a real example of how Hire Purchase (HP) contracts work and their importance in small businesses.

This is a good idea on his part, especially for a business like a posho mill.