Team photo
Centuria Financial Group

1021223-00003-00

David P. McCabe,

WMCP®, ChFC®, CLU®

Financial Planner, Prudential Advisors

david.mccabe@prudential.com

 

Jason M. Bowers,

RICP®, CDFA®

Financial Planner, Prudential Advisors

jason.bowers@prudential.com

 

Nathaniel D. High, RICP®

Financial Planner, Prudential Advisors

nathaniel.high@prudential.com

 

Nicholas Over

Financial Planner, Prudential Advisors

nicholas.over@prudential.com

 

Hillary K. Walsh

Client Relations Manager, Prudential Advisors

hillary.walsh@prudential.com

 

Centuria Financial Group

2333 Baltimore Blvd Suite B

Finksburg, MD 21048

 

Phone:  443-952-7232

July/August 2022

Buying on Time

Buying on Time

Paying for items over time is nothing new. That’s essentially how credit cards work. But if you shop online, you may have noticed a new trend: an option to pay for the items in your cart in equal interest-free installments. Should you take advantage of the offer?


A Lot Depends on You
Spreading out interest-free payments over a month or so for items you intended to buy anyway may be relatively harmless. However, not having to pay the full cost of your purchase all at once might tempt you to buy additional items on impulse. Before you realize it, the amount of your payments may be far more than you intended or can comfortably afford.


What If You Miss a Payment?
Generally, installment payments are automatically deducted from your checking account every other week, and you’re emailed a reminder in advance. But if you miss a payment because funds in your account are low or for some other reason, you’ll be charged a late fee, and possibly interest, on your purchases. If you can’t make the minimum payments, these fees can quickly spiral out of control.


They’re Counting on You
Retailers can select installment plan services from a variety of vendors. Companies offer the installment option hoping that the smaller installment payments will encourage shoppers to buy more—and more expensive—items than they would have purchased if they had to pay the entire cost at checkout.


A Better Way
Instead of paying for items over time and putting your budget at risk, start saving for the things you want. Then pay cash up front.

1058822-00001-00


SUBSCRIBE

Enter your Name and Email address to get
the newsletter delivered to your inbox.

Please include name of person that directed you to my online newsletter so I can thank them personally.


CONTACT US

Enter your Name, Email Address and a short message. We'll respond to you as soon as possible.

Life insurance is issued by The Prudential Insurance Company of America, Newark, NJ, and its affiliates. Centuria Financial Group is not affiliated with Prudential Financial. Centuria Financial Group sells insurance products of Prudential Financial's affiliated insurance companies in addition to products of non-affiliated insurance companies. Centuria Financial Group is authorized to sell and service certain insurance products of Prudential Financial companies as well as use this material. Centuria Financial Group and its representatives do not give tax or legal advice. Please consult with your own advisors regarding your particular situation. Offering financial planning and investment advisory services through Pruco Securities, LLC (Pruco), under the marketing name Prudential Financial Planning Services (PFPS), pursuant to separate client agreement. Offering insurance and securities products and services as a registered representative of Pruco, and an agent of issuing insurance companies. 1-800-778-2255. Prudential Advisors is a brand name of The Prudential Insurance Company of America and its subsidiaries. Hillary K. Walsh is employed by David McCabe and not The Prudential Insurance Company of America or its subsidiaries.
Centuria Financial Group and LTM Marketing Specialists LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Client Marketing, an unrelated third party. Articles are not written or produced by the named representative.

The information and opinions contained in this web site are obtained from sources believed to be reliable, but their accuracy cannot be guaranteed. The publishers assume no responsibility for errors and omissions or for any damages resulting from the use of the published information. This web site is published with the understanding that it does not render legal, accounting, financial, or other professional advice. Whole or partial reproduction of this web site is forbidden without the written permission of the publisher.