Consumption by instalments has become more and more popular nowadays. Many people will select hire purchase when they do not have enough money. This can help people alleviate urgent needs. And it can also promote consumption to drive economic development. But consumption by instalments also has some disadvantages. For example, merchants offering hire purchase (may) induce people to buy more products, people may experience repayment stress because they purchase too many things. Besides, payment by instalments may incur interest charges too. So people should be more cautious (when purchasing by instalments).