Friday, October 05, 2007
Present Money Vs Future Money.

Now then I realize the significance of installment payment. I was pondering over the motivation of this form of payment, especially when one usually pays more in the end, and came up with some possible reasons. Some people prefer this form of payment because they can't afford the one-time sum. Others do this because they like buying many things at one time, just like what Jack Neo said in "Money No Enough". There're people who do this just for the fun of it. There're others who wants to get some form of guarantee on the product, so that if there're any changes, they will only lose that small bit of initial deposit.

Personally, I didn't really see a justifiable reason for such form of payment in the past. I mean, why pay more, when you can pay less if you pay everything upfront. It suddenly dawned on me, there's really more than meets the eye, which is why this system persists till this date. The whole reason why there's APR interests, is because a sum of money at this present moment is worth more than the same sum of money, say 1 year later. So, it's not that one pays more, it's just the speculation of how much a dollar will depreciate over time. The interest from a bank is a good gauge on this issue.

Therefore, if a purchase offers 0% APR interest for 12 months, one should always take the option, because it really is giving you discounts when on the surface, you don't earn or lose anything. For a $1k item, you can probably get up to $20 to $30 (or even higher) bucks off, just because you chose this option, and leave the money in the bank or in an investment!

Yeah, just something that's on my mind.
posted by Juxling at 12:04 PM

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Inspiration Quotes
Maybe God wants us to meet a few wrong people before meeting the right one so that when we finally meet the right person, we will know how to be grateful for that gift

When the door of happiness closes, another opens, but often times we look so long at the closed door that we don't see the one which has been opened for us.
The best kind of friend is the kind you can sit on a porch and swing with, never say a word, and then walk away feeling like it was the best conversation you've ever had.
It's true that we don't know what we've got until we lose it, but it's also true that we don't know what we've been missing until it arrives.
Giving someone all your love is never an assurance that they'll love you back! Don't expect love in return; just wait for it to grow in their heart but if it doesn't, be content it grew in yours. It takes only a minute to get a crush on someone, an hour to like someone, and a day to love someone, but it takes a lifetime to forget someone.
Don't go for looks; they can deceive. Don't go for wealth; even that fades away. Go for someone who makes you smile because it takes only a smile to make a dark day seem bright. Find the one that makes your heart smile.
There are moments in life when you miss someone so much that you just want to pick them from your dreams and hug them for real!
Dream what you want to dream; go where you want to go; be what you want to be, because you have only one life and one chance to do all the things you want to do.
May you have enough happiness to make you sweet, enough trials to make you strong, enough sorrow to keep you human, enough hope to make you happy.
Always put yourself in others' shoes. If you feel that it hurts you, it probably hurts the other person, too.
The happiest of people don't necessarily have the best of everything; they just make the most of everything that comes along their way.
Happiness lies for those who cry, those who hurt, those who have searched, and those who have tried, for only they can appreciate the importance of people who have touched their lives. Love begins with a smile, grows with a kiss and ends with a tear. The brightest future will always be based on a forgotten past, you can't go on well in life until you let go of your past failures and heartaches.
When you were born, you were crying and everyone around you was smiling. Live your life so that when you die, you're the one who is smiling and everyone around you is crying.