I am currently out on my own for the first time since being out of school. Due to this, I have been trying to get out on the right financial foot and set myself up for success for the long term. I have a 750+ FICO score (if that means anything) and I do not have any debt on my credit card. Every month I consistently contribute money to a long-term and emergency fund (Dave Ramsey Advice).
I work in a technology driven field and have been wanting to expand my learning through various technologies (VMs, Coding, etc) to be more effective at my job. The issue is that my computer from 2013 does not have the resources I need to do so effectively. I am trying to learn certain concepts as fast as I can and I do not own a machine that has the capabilities to keep up.
The issue is that I do not have the funds to pay off the purchase (around $1500) in a single month. Instead, I thought I could use my credit card instead and pay it off in roughly two to three months.
I am conflicted with the idea. I know it is generally an unwise decision to get into a new situation, with only a month or two of emergency funds saved and put a purchase of this nature on a credit card. Though on the other hand, I need the machine sooner than later.
Should I go ahead and purchase the item or hold out as long as I can? Would appreciate the advice and constructive criticism.
Submitted October 17, 2019 at 08:01PM by internetplebeian https://ift.tt/2qpFOi3
