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How To Buy Expensive Things Without Debt

You want that designer purse and you want it now. Why not just slap down some plastic and buy it?

I get it. I understand the temptation that comes when you see something you want. But there’s a better way—one that doesn’t involve going into debt. It’s going to take a little longer. That means some discipline and patience will be required when you want a fancy purse or a used car or a new oven.

Practically, though, here are three ways to buy more expensive items without going into debt or stretching yourself thin.


1. Pay with cash.


In other words, go green! Save up and pay for that used car or the girls’ weekend you’ve been talking about for years. The point is to avoid debt at all costs. A cute new jacket doesn’t have to involve a year’s worth of payments! I promise! Do it right—spend with cash.


2. Don’t be afraid to ask for a deal.


Just because the price tag on that new master bedroom furniture set says $2,000 doesn’t mean the store won’t take $1,900. You’re not cheap if you want to negotiate. Just don’t lowball the owner or salesperson—that’s disrespectful. Still, it never hurts to ask for their best price. You can always look online for deals as well, like coupon codes and free shipping offers.


3. Do your research.


Living debt-free doesn’t mean you can’t have nice things. It simply means you’re going to plan ahead to get them—without debt.

Options are always your friend. Go online. Check out Craigslist. If you’re looking for a car, what’s the high end of your price range? The low end? What can you reasonably expect to spend? When you’re armed with knowledge, you’re better prepared to ask for a deal and avoid getting ripped off!

Living debt-free doesn’t mean you can’t have nice things. It simply means you’re going to plan ahead to get them—without debt.

Use cash, ask for a deal, and do your research. Whether you’re buying something big or small, remember that a budget is the quickest and easiest way to take control of your money.

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Rachel Cruze

About the author

Rachel Cruze

Rachel Cruze is a #1 New York Times bestselling author, financial expert, host of The Rachel Cruze Show, and co-host of Smart Money Happy Hour. Rachel writes and speaks on personal finance, budgeting, investing and money trends. As a co-host of The Ramsey Show, America’s second-largest talk radio show, Rachel reaches millions of weekly listeners with her personal finance advice. She’s appeared on Good Morning America and Fox News and been featured in TIME, REAL SIMPLE and Women’s Health, among others. Through her shows, books, syndicated columns and speaking events, Rachel shares fun, practical ways to take control of your money and create a life you love. Learn More.

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