Rowan Rey Sutherland 
In a world of high consumption and throw-away fashion, food, and all items purchased, it has become more important to reconsider what we are prepared to spend our future earnings on. The current economic uncertainty coupled with past financial crashes, and the increased risk of severe weather and climate change means that credit and financed lifestyles are higher risk than ever before. Here are three commodities that, based on the available online research and analysis of insurance trends, are still acceptable to have on finance; although it should be noted that the finance should be planned and specific.
Your Home
It’s the biggest purchase that many people will make throughout their lives, and although owning one’s own home is falling in popularity versus the option of long-term rental, it is still the one aspect of modern life that is acceptable (and necessary) to fund through finance. As long as you have done the mathematics and the sums show affordability, it’s a long-term commitment, that brings with it family stability. In addition, long-term equity earnings are the best way to gain a strong foothold on the financial ladder.
Your Vehicle
If your family use a vehicle for work, commuting, or holiday travel in the form of a campervan or RV, it’s worth knowing that this is one of those purchases that is always worth getting right. It is also one of those items that you generally won’t be able to afford to buy outright straight away, and as such finding the appropriate finance is critical. No one wants to be stranded on the side of the road, or be the one who uses fly-by-night finance only to find that you’ve bought a lemon and have no recourse to return the vehicle. Use genuine providers; for example, look up the Auto Finance Online website and they will ensure that all your warranties and maintenance requirements are up to date. It is, after all, in the interests of a genuine financer to have you drive off in a vehicle that works and will have you coming back for another in the future.
Education
Financing your continued education, or college and grad schools for your kids, is a family-changing decision. The cost of a top education will affect the lifestyle of the entire family. Gone are the long summer holidays abroad and the regular outings. Even if it’s financed through a loan you will still have to make long-term adjustments to your household budget in order to repay these costs. However, it is worthwhile as an education will go a long way to adjusting the fortunes of the family in the long term and allowing for social mobility.
These are three definite lifetime purchases that are worth using finance to afford or secure. All of these will last, and as such there is value in having them. A home is essential, as is a vehicle for commuting to work or indeed to live in, while the knowledge or wherewithal to create or find gainful employment should not be undersetimated. These are the three commodities that is absolutely fine to finance, even in the current economic uncertainty.
