Monthly Payments you can Afford for Your Cosmetic Surgery

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When taking out a loan, credit card, or payment plan for you cosmetic surgery it is important that you are honest with yourself on what you can afford. You may see your surgery as a necessity but whilst it is life changing, there are more important things that you cannot live without. The first thing that you must do is find out how much your surgery will cost and the different rates at which you can pay it back. Once you have several figures in mind you can see how each will fit into your monthly budget.

Assessing your monthly expenditure

When you have found out the monthly payments for various loans, credit cards, or payment plans you need to assess how much you can afford to pay. The best way to do this is to use your bank statements from the last few months. You should take note of your monthly income; if this is variable, it is best to use the lowest figure to ensure that you are never caught short. Then you need to highlight your necessary expenditures, these include:

  • Gas, electricity, water, and council tax bills
  • Food costs
  • Any loans or credit card payments you already have
  • Mortgage or rental costs
  • Travel costs
  • TV licence
  • Car, home and contents insurance

Things to cut back on

Once you have deducted these from your monthly income you should then look at your other monthly expenses. There are some expenses that can be avoided or cut down such as:

  • Gym membership
  • Phone bills
  • Shopping for non-essential items
  • Private school fees
  • Cable television
  • Holidays
  • Regular meals or days out
  • Funding more than one car

When you go through this list you should ask yourself what you could cut down on or stop spending on completely. Things like going for a run instead of paying for expensive gym membership, cutting back on holidays abroad and trying to use your phone during off peak hours only can be simple ways of saving you hundreds of pounds for your surgery. However, whilst doing this you should bear in mind the effect that cutbacks will have on your family. You must also remember that you still want to enjoy yourself in the years after your surgery whilst you are still paying for it. The best thing to do is to try to cut back on things that are not essential but to still allow yourself enough money to enjoy yourself. Once you have decided on a reasonable figure for non-necessities you can deduct this from your monthly income as well.

You will now be left with the amount of money that you will have left over at the end of each month. This is not the amount that you should set aside for your surgery. You need to have some money available each month for any unexpected bills that could come through such as if your car breaks down or the MOT is due. You need to consider any emergencies that could come up and leave yourself with enough money to deal with these. Once you have deducted this from your income you will have the maximum amount that you can afford to spend on your surgery each month. This will help you to decide what payment option is best for your cosmetic surgery.

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