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re: Financing Furniture: Is this financially acceptable?
Posted on 6/26/12 at 6:59 pm to LSUtoOmaha
Posted on 6/26/12 at 6:59 pm to LSUtoOmaha
I would try to negotiate a lower price for it, but if you can't then I get what you are saying. I did that with a 21 month 0% interest credit card and just stuck the balance in a savings account at 1% per year during grad school. It ended up working out to a little less than 2% cash back, which wasn't a bad deal.
However, what is the value of $3,000 with interest rates at .75%? Is it worth playing with fire over? Are you going to take the cash and invest it in the market? What's the upside and is it worth the (even the smallest) chance of getting screwed?
However, what is the value of $3,000 with interest rates at .75%? Is it worth playing with fire over? Are you going to take the cash and invest it in the market? What's the upside and is it worth the (even the smallest) chance of getting screwed?
1
Posted on 6/26/12 at 7:33 pm to TheHiddenFlask
quote:
However, what is the value of $3,000 with interest rates at .75%? Is it worth playing with fire over? Are you going to take the cash and invest it in the market? What's the upside and is it worth the (even the smallest) chance of getting screwed?
The upside is I could put that $3,000 towards a student loan I have at 6.9%.
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