When talking about credit card
A rule that has been imposed for years is that the best payers are those who always differ their purchases at a single fee. And although no one can deny that this is a healthy financial habit, one should keep in mind that there may be exceptions.
Paying the total amount of your debt in a single installment is advisable as long as that payment is within your means, that is, do not jeopardize the fulfillment of the rest of your obligations or cause your budget to falter. What usually happens is that many people perform a bad calculation and at the end of the month they seek to pay as the total debt of the card, committing other important expenses such as the payment of some credit and / or services. It is at that time that being a kolilo ceases to be a good habit to become a bad decision.
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So, if you want to be a “kolilo”, the golden rule will be to have a good planning, that way you will only spend the amount that you can return at the end of the month, without getting into trouble. If this does not happen and ends up spending more, it is advisable to divide the purchase into an acceptable number of installments, which allows you to cancel the debt without jeopardizing your monthly expenses.
Remember that while the ideal is that you cancel your debt in a single installment, this will depend on the amount you have spent, as there are many expenses that are worth dividing more than one installment, in order to maintain the respective liquidity and in turn, stay a day in your payments. If you are looking for a credit card here.