The ATM Test: If You Can’t Pay Cash, You Can’t Afford It

Can't afford it today? Take the ATM Test. Learn why small monthly payments don't prove a purchase is affordable. Save first, buy second.

If you can’t walk up to an ATM right now, withdraw the cash, and pay for whatever you’re trying to buy, you can’t afford it. Period. That’s the simplest way to avoid the monthly payment trap. A payment that fits your budget doesn’t prove you can afford the purchase. Before buying something you want, ignore … Read more