I know i'm young and inexperienced but...

[AdamDuritz99]

i'm not stupid.

ok, here's the deal. My mom is about to buy a new house. Of course this will be a lot of money. My mom also wants to buy some new furniture plus we have to buy a fridge. My mom want to get it through Sears which is ok. But once she pays for it all she will be paying nearly 50% more than what it cost for retail. So since the fridge costs so much I suggested to save for a month and buy it on the spot which will save a lot of money. And reduce her bills. She won't understand this or something. Arggh, just b/c i don't have bills coming from every direction doesn't make me stupid and competely unaware of finacial crap. Ok i'm just ranting, but am I wrong in this whole idea of saving for a month and buy it on the spot?


peace
sean

 

[worth]

Maybe she doesn't have the money?

 

[Cattlegod]

<< I suggested to save for a month >>



it might take her more than a month. 3 or 6 months, heck, maybe more to save up enough depending on the price and her financial situation. the extra 50% might be worth having it right now rather than a long time down the road.

 

[AdamDuritz99]

I understand what everyone is saying about the saving up money. But I know financially how the family stands and she can save up for a month and buy it. That's not a huge problem

peace
sean

 

Well, Adam Duritz, you gotta understand this whole credit concept.

I mean, I hate it like hell and wouldn't be anytime soon dashing some huge 50% to companies that refuse to give me much interest for my savings account. However, I know at the same time that not all people are wealthy or very good at budgetting.

I understand where your mum's coming from, very much like my mum. Though I should add that my mum would pay hard cash at any time if she has it, but not for the reason of saving money.

Okay, I'm afraid I'm not being coherent here, so I'll try to get back on track. Here's what I'm trying to say: Mum could save that huge sum for one time payment; however, it would cost a woman with responsibilities a lump. She could rather invest that money in something and get some profit, you know.

Unless she's a filthy rich woman, I think it is best she uses credit and break her payment into three places or four at most. I think that's the best remedy. That way she doesn't let the credit companies have it all. She benefits too.

Gosh! I hope I made sense there.

P.S.: You should understand you aren't representative of the average American. You're a little meager. :Q After all, we aren't at the hot deals forum for nothing! LOL!

 

[yoda291]

It's easier sometimes to pay more over a longer period of time than it is to wait and pay later. The reason being if you have bills constantly coming in, the money that'd be saved would be doing nothing and it could be used better to combat another bill. If you continually repeat this, however, you'll never save enough for that larger payment.

 

[GermyBoy]

I plan on living in a tiny apartment until I get married. I don't need a lot of space. Just outside to run, and a bowflex. Any of course my Becky :ats computer::.

Should save me some money.

On topic, 50% more over the long run isn't that bad. I know people that pay 4x what they would have if they saved. Credit cards can easily ruin ones financial situation. You should stay away from them.

 

[washedout]

turn her on to dave ramsey (you can listen at this link). A couple of hours of him and he'll change your whole perception about money and debt. It's a beautiful thing.