Good News? You can now buy airline tickets with monthly payments

As adamant disciples of a debt-free life, we can’t promote paying for airline tickets at up to 30% interest, but, if you’re just silly enough to do it – here’s how.

CheapAir.com has teamed up with financial services company Affirm to allow fliers to take out three, six and 12-month purchase plans to cover their airfare.

In an emergency, there might be a reason to do this, but only if you hadn’t put away a small rainy day fund. For a dream vacation?  Nah – if you can’t afford to pay for it, you can’t afford it. How do we know?

The interest rate on the loans are based on credit worthiness and range[s] from 10%-30% APR.

That’s how we know. I’ll put it to you another way. You want to go on a vacation and the airfare is $500 and you don’t have it. I can help you. Just offer to pay me $650 dollars and I’ll let you pay me back over 12 months.

Imagine if you had just waited 12 months, and put $60 each month into a pencil box.. yeah.. save $150 for being smart. That’s more money for margaritas, shopping, excursions or .. whatever.

The simple rule for impulse spending is that if you cannot afford to pay cash, you cannot afford it.