Do not use to rent-to-own for anything, ever

KXAS reports that the recession has rent-to-own centers doing a booming business.

The reporter interviews a man who is trying to figure out a way to upgrade his television because he hasn't, gasp, purchased a new TV since 1998. What? This is America! Everyone is entitled to a new television every two years. President Obama, what are you doing?

With rent-to-own stores, you will: 1) Pay more for the item, 2) Rack up monthly obligations and 3) Spend money on stuff that you really can't afford. if you can't afford to buy a TV with cash, you shouldn't be buying a TV. Period.

A better alternative to rent-to own? Craigslist. Save up for a few months and buy stuff used. Or you could also try not buying stuff that you don't need!

Read Full Story

Markets

DJIA 21,674.51 -76.22 -0.35%
NASDAQ 6,216.53 -5.39 -0.09%
S&P 500 2,425.55 -4.46 -0.18%
NIKKEI 225 19,393.13 -77.28 -0.40%
HANG SENG 27,154.68 107.11 0.40%
DAX 12,124.03 -41.16 -0.34%
USD (per EUR) 1.17 0.00 -0.13%
USD (per CHF) 0.97 0.00 0.19%
JPY (per USD) 109.03 -0.29 -0.26%
GBP (per USD) 1.29 0.00 0.04%

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.