Many people say they get out of debt, all the while buying new things on credit. Reality is - you will never be out of debt if you keep charging!
Here are some things to consider:
Pay cash. If you can't afford to pay cash for it - do you really need it? Or better yet, can you really afford it?
Use same as cash plans. In other words, your refrigerator goes out. Is there a store in your area that has 6 months no payments / no interest. If so, use it. Make 6 equal payments before the interest comes due. This way it will be paid off and you will not owe any additional monies. This is the way I bought my refrigerator, stove, and microwave from Best Buy. Other stores have the same types of options.
EZ Pay Options. When my computer crashed earlier this year, I had to get one to replace it quickly. I couldn't afford to go spend $700+ all at one time. I went to QVC and used their EZ pay plan. They deducted it from my account over a 3 month period. so instead of one big outlay, I only had $233 per month for 3 months.
Rent to Own. Some rent to own stores will have a 90 day same as cash option. If you pay off the purchase within 90 days, you pay the price you would normally pay. If not, you pay the hyper-inflated cost these stores are known for. I paid for my dryer this way. Quick and easy - 3 months was plenty of time to pay it off.
Lay-A-Way. If you know that an appliance is going out - lay-a-way may be an option. Sears has an 8 week program. It will give you an option for payments and a way to replace an appliance that you know will need replacing soon.
Buy Used. If you have an item or need an item such as furniture, you may want to take a look at second chance stores or Craig's List. This will cut down the cost of an item.
Borrow. Is there a chance of borrowing an item instead of buying it? Items such as saws, other tools, small appliances, etc... can sometimes be borrowed. Be sure to return them!
Trade. Do you have something that someone may want to trade for? It's an option!
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