ClaretTony wrote: ↑Thu Jul 02, 2020 10:42 am
I don't understand that at all - surely you are better paying by DD than having to pay it all at once.
It depends on whether you put the 'horse before the cart' or the 'cart before the horse'. If you save for it in advance the money remains in your possession until the time you use it to pay in one lump sum. If you pay by DD, and start payments before the season you owe the money for the rest of the season until all the payments have been made. I always prefer to have payments behind me rather than have purchased the good/service with the payments yet to be made in the future.
In Economics it is called 'Intertemporal Choice'.
Many of the choices we make have consequences for the future. For instance, deciding how much money to spend in the present and how much to squirrel away can greatly impact our quality of life both now and in the years ahead.
In the case of the Pandemic a lot of confusion has occurred due to people being part way through their payments and the club, through no fault of their own, being unable to provide football matches at Turf Moor. The confusion was then compounded since the end of this season's payments were coming to an end and next seasons payments were about to begin with still no idea about when football will back at the turf. Hence the questions and confusion on threads like this.
When I worked in the Insurance Industry, customers had to pay extra for paying in instalments. I don't think the club do that (as far as I know). I have noticed that a lot of companies don't charge extra for paying by DD now also. However, when they do you can end up paying a lot more for your goods and services. This also applies to Hire purchase agreements and especially to extended warranties on things like electrical goods where, often, the cost of the extended warranty, over time far exceeds the replacement cost of replacing the item with a cash purchase.
I always go by the principle of paying up front wherever practical. It works out cheaper in the long run and I am a tighter than the "tightest tike from Heckmondwike"
Annual income twenty pounds, annual expenditure nineteen [pounds] nineteen [shillings] and six [pence], result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery."
Charles Dickens, David Copperfield
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