How to Buy Furniture on a Fixed Income

Furnishing your home, or even a single room, can be costly. And if you’re on a budget, you may find your choices rather limited. But you’ll be glad to know that there are ways you can buy the furniture you want on a fixed income without going over-budget. The ideal option is rent-to-own furniture. In fact, the rent-to-own industry serves 4.8 million Americans each year.

At Rapid Rentals, our full-service, rent-to-own furniture business will have everything you need to furnish an entire home, including kitchen appliances and electronics. But before you head out to make a purchase, there are a few steps to follow to make the most of your budget. The advice that follows will help you find everything you need and ensure that you are happy with your purchase.

1. Make a List of the Furniture You Need

The first step is to write down all the furniture you will need. For example, if you’re looking for a new set of furniture for your living room, consider a TV stand, coffee table and end tables in addition to couches. Or, if you’re furnishing a bedroom, consider nightstands and a bureau. Once you have your list ready, you’ll be better prepared for the next step.

2. Determine Your Budget

With rent-to-own furniture, you will be making a payment each month. You will need to decide how much money you can afford to pay each month. Obviously, the more furniture you intend to purchase, the more you will need to consider setting aside for a monthly payment. If you feel your monthly budget won’t be enough to cover the cost of everything you want, simply prioritize the most important items.

3. Speak With Staff

Next, with your list of furniture and a good idea of a monthly budget, you’ll want to head to your local lease-to-purchase establishment. Take the time to speak with a customer service representative about your budget and what pieces of furniture you are looking for. The sales representative will be able to help you find rent-to-own furniture that fits within your price range and also suits your needs and style.

4. Work Out Your Lease Agreement

A rent-to-own furniture establishment will typically offer flexible payment options to make it easier for you to make your payments. For example, Rapid Rentals offers weekly, bi-weekly and monthly payment options. Payment options can also be for a specific term, such as 12 or 24 months. You can often discuss terms so that you can find a payment plan you are comfortable with.

5. Be Sure to Pay On Time

It’s important to stick to your payment schedule. Upholding your lease terms helps you to keep total costs low while being able to continually use your quality furniture. For each month with your ontime payments, you’ll be one step close to owning your furniture.

Rent-to-own furniture is also an ideal option for those seeking furniture on a temporary basis, such as college students. You can also return the furniture at any time if you decide you no longer want or need a specific item.

If you’re looking for rent-to-own furniture options in Mississippi, Rapid Rentals can help you with all of your furnishing needs. We serve six locations throughout Mississippi and work with our customers to find the right items on the budget and payment schedule that is best for them. Contact us today to get started.