Consumer financing refers to the various methods that allow individuals to borrow money to purchase goods or services. This can include loans, credit cards, and installment plans, enabling consumers to buy items they may not afford upfront. By spreading payments over time, consumer financing makes it easier for people to manage their budgets while acquiring necessary products. Many retailers and financial institutions offer consumer financing options to attract customers. For example, credit cards often come with promotional offers, such as zero-interest periods, while installment loans allow consumers to pay for larger purchases in smaller, manageable amounts. This flexibility can enhance purchasing power and improve overall consumer satisfaction.