furniture financing

I you need furniture for an apartment for either graduate or undergraduate school I highly suggest you shop around.  I used a co-signor for a local furniture store and was able to get 0% interest financing for 50 months. I spent 3k on stuff and it’s only going to cost me around 60 each month to pay it off.  This is a way better deal than buying on a credit card or using cash up front. Financing all my furniture will allow me to keep more money in the bank incase I need it and $60 a month is about the same cost as a cell phone.

However, there are a few things to point out if you plan on financing your grad school furniture. The most important one being that you MUST pay everything off in the allocated 50 months, not doing so you will incur a very high interest rate. Plus the interest will be charged on the past 4 years that you were making payments. In order to avoid this I would suggest paying an extra $5 or $10 each month. This will insure that the debt is paid in full by the time the special financing runs out.