Ever since I was a child I’ve wanted a hammock. We had multiple family friends with a “grown up swing”and I was constantly asking permission to use them. Unfortunately, we have never lived in a home that is conducive to getting a hammock.
A few years ago I came across a hanging chair. It’s a ball shaped chair that is suspended from it’s own stand. Basically a single person hammock that actually would work in my home. Every time I see one I want it.
On Saturday night I did a strange thing – I looked through a flyer for a home decor store. I’ve been avoiding these flyers like the plague since they only show me my wants at fantastic prices. I’ve found I won’t think of something for ages but I’ll see its photo and I’m right back to longing.
You may have guessed that I saw the chair. ML and I have a deal: we can only buy wants if we can pay cash.We chatted about the chair in great detail and decided to check the budget. I had the funds!
I also noticed that there was a 12 month no interest finance plan. I have always thought these were silly. I’d just put the purchase on my credit card so I wouldn’t have too many people I owed money. I also felt that asking for financing meant that I had exhausted all other credit avenues.
This time I saw it differently. I could take the money out of my interest accruing savings account and own it straight away or I could use the company’s money, pay the credit line from my monthly miscellaneous budget, and leave my savings alone.
Here’s where it got interesting. I got approved for an $11,000 store credit card…for a $400 item. The interest is insane and they’re fully expecting me to miss a payment. I should get the card late next week at which time I’ll set up monthly automatic payments so I don’t get dinged.
It was interesting to see my about face. One year ago I would have worried that I was doing this because I had no money. Now I’m doing it because I have the money but don’t want to part with it.
Have you done this before?