The 3 Best Ways to Finance Your Furniture When You’re Low on Funds


Moving is exciting. Paying for all-new furniture? Well, not so much.

The average person reportedly spends $6,000 or more on apartment furniture.

If that made your heart drop, we have some good news. Buying furniture doesn’t have to be difficult, nor costly. You might even be able to furnish your new home without even spending a penny upfront!

Here’s everything you need to know about the three best furniture financing options.

1. In-Store Financing

You know those signs some stores have with giant font and colorful backgrounds? The ones that say things like ‘Ask about our financing options’ or ‘No money down today’?

They might seem too good to be true, but they’re a fantastic resource for consumers. In many ways, in-store financing is the easiest way to finance your new home or apartment.

Finding a store that offers in-store financing shouldn’t be tough. Most furniture stores offer their customers some sort of financing option.

Think of it as a loan directly through the store. For a small fee upfront (unless specified otherwise) you can purchase the furniture right then and there. Then, it’s up to you to pay the rest of the furniture off in monthly installments.

2. Take out a Loan Online

On the other hand, taking out a loan online might be a better option. Not only can you finance your new furniture, but you can use any leftover money to cover upcoming bills or other expenses.

Applying for a loan online is easy. For instance, take a look at Bonsai Finance, who notes that online installment loans are an easy way to get cash fast.

Even better, some sites, such as Bonsai, will still provide a loan if you have bad credit.

If you choose to go this route, make sure you keep up to date with payments, as fees and interest can quickly add up. Set a reminder on your phone or calendar so you don’t forget to make payments.

3. Apply for a Credit Card

If all else fails, don’t forget that credit cards are always an easy way to buy furniture. If you don’t have a card yet, the application process is often quite easy.

First, you’ll provide some basic information like your name, address, and monthly income. Then, you’ll answer a few simple questions about your credit history. After that, it’s a matter of waiting.

Like loans, you can use credit cards in a variety of ways, making it a good option for those looking to build credit.

The Best Furniture Financing Options That Won’t Break the Bank

There you have it, some of the best furniture financing options. All three methods are quick, easy, and should allow you to get your brand new furniture in a matter of days!

Remember, be responsible. Don’t spend more than you can afford. Those monthly payments can eat away at your bank account if you’re not careful.

For more info on how you can save money and live for less, make sure to check back with our blog!

Jeff Campbell

Jeff Campbell is a husband, father, martial artist, budget-master, Disney-addict, musician, and recovering foodie having spent over 2 decades as a leader for Whole Foods Market. Click to learn more about me

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