Thursday, March 15, 2007
Changing our spending habits.
We're living in the lap of luxury! Okay, maybe not quite, but it sure feels like it since we purchased these...


After much searching and a bit of patience, we found these 2 leather recliner rocker chairs on sale for only $300 each! A local furniture store was having a 50% off sale!

We just had these chairs delivered yesterday. They're so soft and comfy. As I sat reading a book in mine, I felt like I had scored the best chair in Barnes and Noble or Starbucks, only better because I was in my jammies and was enjoying the warmth of our fireplace! In fact, I must admit I feel asleep in my chair last night as I was reading my book.

Want to hear the best part? We purchased these the right way...by saving our money (Christmas gift money, a bit of money from Oronzo's contract jobs, etc) and paying cash, rather than charging it.

We visited several furniture stores, testing out chairs and watching for sales, as we built our chair fund up to $700. It took us several months, but we were patient.

That patience and discipline paid off! It felt so good to walk into the furniture store, find the chairs we liked and tell the salesman we'd take 2, and no thank you we didn't need the financing option, we were paying cash! And we have a bit of money left over to purchase a nice end table to put between the 2 chairs, if we can find one we like.

Oronzo and I haven't always been so disciplined. We bought our fancy refrigerator by taking advantage of a 12 months interest free offer. So, we got the refrigerator before we paid for it, then spent the next 12 months paying it off. We've also used our credit card to purchase things when we didn't have the money needed at the time. Then we stressed about paying off those items with interest.

It felt so very satisfying and rewarding to pay cash for our chairs. And the wait and anticipation has made us appreciate these chairs all the more. We're proud of ourselves for our financial responsibility!

Oronzo and I are making a determined effort to change our spending habits from buying before we can afford it to saving up until we can buy it. Instant gratification isn't always what it's cracked up to be. Waiting and saving is so much sweeter!

Now, we begin saving for a new dishwasher. We're going this weekend to shop around and get an idea of what we like and how much we'll need to save up for one.

When's the last time you were able to pay cash for a somewhat major purchase? What was your purchase?

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5:51 AM
15 comments


15 Comments:
At 6:59 AM, Blogger Jennifer said...

Well, the way my husband gets paid, a good part of his salary is paid in year-end bonus, so we actually paid cash for our last CAR. However, we have also used the "no interest" programs to buy stuff, and then pay it in full later, but like you said, there's still the stress of it hanging over you.

Good job with the chairs. You will enjoy them even more this way.

 
At 7:05 AM, Blogger ChupieandJ'smama said...

We are looking for 2 leather chairs. Whoo hoo for your find. $300.00 is amazing. The best I've found is $549.00 each so we are still waiting. I'm high fiving you on the chairs, but inside I'm secretly jealous :)

 
At 7:08 AM, Blogger GLouise said...

What a terrific find!

Do you have a Sears Outlet in your area? We scored our new fridge and dish washer at a Sears Outlet this summer, buying our fridge (with a small nick) for about 60% of the list price.

 
At 7:28 AM, Blogger Stacey said...

Well, when we got married we both had some credit debt, so we decided to snip up the credit cards, and begin a new phase of our lives: CREDIT-FREE/DEBT-FREE LIVING!! We ONLY ever pay cash for things. We have no credit cards and never choose to finance things. We save our money and purchase the things we need/want accordingly. It is the most liberating lifestyle!!

Congratulations on your purchase - we are saving for the same thing!

 
At 8:03 AM, Anonymous chelle said...

Those chairs look fantastic! Great for reading or knitting!!

We get paid twice a year ... we live on credit then pay it off...I hate it. Before this, we paid cash for everything (expect my husband laptop, that was an interest free thing).

I look forward to only paying cash again!

 
At 8:10 AM, Blogger Southern Girl said...

Great chairs! I think I'd probably sink down into one and never be able to get up again. ;)

I bought myself a MacBook (laptop) last September with cash, after spending a year and a half saving for it. Made me feel very accomplished, so I understand how y'all feel. I wish my little brother could learn the lesson you and Oronzo are -- he's a slave to his credit card, unfortunately. :-/

 
At 11:37 AM, Blogger Twisted Cinderella said...

Great job! I LOVE the chairs! I have decided to try to get the rest of our furniture in that same manner. It takes a little more time, but it is soo much better!

 
At 12:00 PM, Blogger Clemntine said...

The chairs are awesome! And what's sweeter than paying scraped-up hard-earned cashola for something? I get positively intoxicated when we've saved wisely, shopped around and found JUST the right thing. Last summer we got teak rockers for the back porch, and I smile every time I look at them. They are as wonderful as I thought they'd be!

Enjoy your chairs, and the sweet fruits of living responsibly!

 
At 1:15 PM, Blogger Michelle said...

what a great deal you got on those leather chairs - and the do look so comfy too!

Our last major purchase was almost a year ago. We bought new, front-loading, washer & dryer set. We saved up to pay cash for that too.

 
At 1:33 PM, Anonymous Gina said...

The chairs are beautiful! Good for you!

Its funny that you posted this today. As of today, we are debt free except for our house. Last August we got fed up and began the Dave Ramsey plan.

Tomorrow we start saving 3 months of expenses. After that we'll start saving for new living room furniture. I can't wait to do it with cash!

 
At 2:58 PM, Blogger Grandparents Cyber Corner said...

Love the chairs and I'm sure they are even more comfier knowing they are paid for!

Hmmm... our last major purchase... well, I'd say Christmas! For the past two years we have paid cash for everyones Christmas gifts and everything we purchase throughout the year, and it is a good feeling. Prior to two Christmas' ago, we used our credit cards way too much and ended up spending too much on each person just because we were using credit. Now... we spend more time thinking of the best items to buy our grandchildren, son, and daughter in law rather than buying them so many gifts we didn't put much thought into.

It is a good feeling now when Christmas is past and we didn't charge a thing. We've made it a way of life now saving for each purchase rather than charging anything. Oh... and we also got ideas on living without credit card debt from the Dave Ramsey website as mentioned by one of your commenters above.

Your website is a blessing! Hope you will stop by again!

 
At 4:42 PM, Blogger The Wooden Porch said...

How nice! They look great and must be super commfy if you can fall asleep in them! :-)

We are planning on buying new furniture too.

 
At 11:53 PM, Blogger Awesome Mom said...

I want those chairs! Of course we have no where to put them but they look so relaxing.

It is nice to see other people trying to avoid debt. We have managed to live debt free (except for our car which we got 0% financing for and are using to build our credit so I don't think it counts) and while it can be a bit boring at times it sure is a much better lifestyle.

 
At 8:01 AM, Blogger Kathleen Marie said...

What a great buy! When we bought all our new furniture for our new home we paid cash!! We got some GREAT discounts that way. When you offer cash often places will take off a good chunk of money. We only pay cash and are hoping we can get to the point of paying cash for vehicles as well.

 
At 7:47 AM, Blogger Barb said...

After years of running up credit card debt, Rob and I operate strictly with cash these days. Actually, I don't remember the last time we used a credit card.

Very, very smart. And yes, it really feels good to make a purchase like this and know you actually own it NOW. Good for you and Oronzo. And the leather chairs are gorgeous. What a great deal you got!

 

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