Quote:
Originally Posted by brucey
If you have 20000$ in the bank, and want to purchase something that costs 20000$, is it better to buy it and be broke until more money comes in, or to buy it at 0% interest over 36 months? Using all available liquid assets at once or to spread it out more evenly?
The choice should be obvious there.
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Except when you're talking about cars. Then the choice is not to want to spend $20K on a car :-)
But in general, yes. I currently have a credit card that has 0% interest to the end of 2014, plus reward points. Am I putting just about everything I buy on that card, and making not much more than minimum payments on it, while keeping the money in my mutual fund account? You betcha :-)
PS: And the CC company gave me $100 worth of points just to sign up for it. It's almost enough to make a guy feel guilty about taking their money - but not quite.