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!

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