Money management means I needed to take back the furniture
So my wife and I got sucked into a great financing offer - 5 years no interest with 10% down. We have an empty formal living room and would like a new bedroom set. So, we momentarily purchased about $4,000.00 worth of furniture on Black Friday. I drove home with that awful feeling of buyer's remorse and then booted up the good ol' household budget software to see what this expenditure was going to do to our budget. Although, the budget planning tools were showing me that we could easily live within our budget I still just did not feel right about carrying the $4,000 debt.
So, I decided that the furniture was going back. This of course broke my wife's heart, as she was anxious to invite over family and friend's to bask in the new look. I learned something about money management here, which is: just because you can afford it does not mean you should buy it. In fact, I have since taken steps to save an enormous amount of money on the impending furniture purchase. Today, I signed up for 2 new wholesale furniture accounts. This should allow me to get basically the same furniture for about 1/2 the price. I have also decided that we will furnish the rooms in stages. First, we will take care of the formal living room. Second, we will re-furnish the bedroom. And third, I will get some new office furniture. I feel much better about the new approach.
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