Kaylin, this has become so popular it's done with seminars and expensive educational materials.
For instance, PayPal offers credit plans for small businesses to use when selling products, so if you are selling a $1,000 course on something. You can set it up at pay $99 now and then pay the rest off in X amount of time.
It's great for the business owner because they are getting the sale they would otherwise not have gotten because so many people will pay $99 and make payments then $1000 up front....even though the first option costs them more in the end.
Right? I like the option for financing. But sometimes I laugh when they offer it to me. Like how many monthly payments do I need? How are you supposed to remember to pay everyone?
I almost always pay all of it upfront. Unless they give me the 6 month interest free financing. Which I always pay before the 6 month ends and they have a chance to charge me... Suckers LOl.
I just think it's kinda crazy how many people don't think long term.
People think in "payments" not in "cost" - at least the majority do. Btw, I redesigned the scaredycat logo and book cover (with some pro help) would love to know your thoughts! The images are in my last post.