Money Matters
AprilZ81
member
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
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Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
AW: Just paid of our 0% Interest Home Depot Card!
We had to buy a new fridge when we moved into our new house last May and since we knew we would have a lot of expenses getting the house set up and we had used up a huge chunk of our cash on the down payment we decided to do a 2-year 0% financing with Home Depot and have it paid off within 15 months.
We just paid it off several months ahead of time using a large refund (from Home Depot lol) stemming from an improper door installation in December. Since the amount was enough to cover the balance we decided to go ahead and pay it off so we could increase the amount we are paying on our HELOC and up our fun money a little bit. Our fun money took a huge hit with our new budget and the amount we were overpaying on our HELOC took a smaller hit so being able to bump those up a little is nice.
I hate paying bills and I'm really excited that I now have one less due date to keep track of and one less bill to pay!
Formerly AprilH81
Re: AW: Just paid of our 0% Interest Home Depot Card!
Nice!
I was just thinking about our furniture bill today. We are in a similar situation to you and have a furniture bill at 0% that still has 3 years of payments remaining. On the one hand it is annoying seeing that bill every month and having it as part of the budget but on the other hand the number cruncher in me knows it is the right thing to ride it out instead of pay it off early since it is 0%. When the day comes 3 years from now where that bill is finally gone I will be so happy.
Love: March 2010 Marriage: July 2013 Debt Free: October 2014 TTC: May 2015
How did you feel about financing through HD? Any regrets? Any difficulty paying it off early? Way down the line this could be an option for our fencing project (once our e-fund is rebuilt).
Quote:That's awesome!
How did you feel about financing through HD? Any regrets? Any difficulty paying it off early? Way down the line this could be an option for our fencing project (once our e-fund is rebuilt).
The one thing to be careful of with these is to make sure the charges are paid off within the timeframe. If they aren't, most of these types of offers...whether through HD, Lowe's, furniture stores, etc...go back to the original purchase date and charge interest, which basically nullifies the whole benefit of having 0% interest.
And @AprilZ81 makes a good point. At least for the HD credit card, when you make payments, the payments don't necessarily go toward the "interest free" balance. They will put those payments against your non-interest free balance first. The good thing about that is you pay down faster the balance that has interest...but the bad thing is, if you're not careful, you end up not paying off the interest free balance in time and then all that interest becomes retroactive.
With that said, if you request it...and you have to request it...HD will put your payment toward the interest free balance instead.
@Xstatic3333, I routinely use my HD card because they give you a 5% discount on your purchase when you do that. Lowe's does the same thing. Of course, its not much of a discount if a balance is carried, because their interest rates are 20%+.
And for any of you ladies for whom either you or your husband are in the military or work for a defense contractor...ie have a CAC card. Lowe's will give you 10% off all your purchases, when you show the CAC card. Alas, you can't combine it with the 5% Lowes credit card discount or any other Lowes coupons.
Now that I am thinking about it, I have to brag about what a Lowes bargain shopper I was when I bought the materials for my deck.
The total order was around $1300.
I bought a Lowes coupon on Ebay for $2, that would allow me to take 10% off my online order. Bam $128 savings.
I clicked on the link for Lowes from my Ebates account, where I then received 3% back on Ebates. $39 cash in Ebates account.
I would have paid with my Lowes credit card to get the 5% discount, except then I couldn't use the 10% discount. That's okay. Lowes happened to be a special offer on my Chase Freedom card that quarter...so I charged with my Chase and got 5% back in points. $65 worth of points.
I was pretty excited to figure out how to make some money back three different ways with the same transaction, lol.