smart spending

Big-ticket items at low-interest financing

Pick up a bedroom set at low financing
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Whether it's due to a remodeling or your furniture is just plain old, buying new furnishings can be costly. If you don't have the cash, you can still get that new sofa or bedroom set by financing the purchase.

Many furniture retailers will offer zero percent or low financing for a period of time, typically six months to a year. A lot of the retailers will offer the financing through third parties, such as GE Consumer Finance.

Just as with financing any big-ticket item, once the no-interest period is up, you'll be hit with a high interest rate. "If you finance a big-ticket item, pay it off as quickly as possible," says Day, who also says interest-free financing can be a smart move as long as you don't let the interest accrue.




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