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Buying a new furnace: Will you use your savings or assume more debt?

By November 2, 2015 No Comments

It's getting closer to winter, and all of a sudden you need a new HVAC system that'll cost $5,000. You've got the money in a savings account. Will you spend that money, or pay with a high-interest credit card instead? According to a study, if you have earmarked those savings for a "responsible" purpose, you are probably going to preserve them and pull out the costly plastic.

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Clint Nielsen

Author Clint Nielsen

Clint is a dad and husband trying to stay in shape. He's also a highly opinionated fitness enthusiast and author of Reveal The Steel. Follow him on: Instagram, Twitter, Facebook and Google+

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