How to Buy Furniture for a Home: A Guide on the Different Ways to Pay

Are you moving into a new home and looking for a good way to get furniture for it?

Initially, you might be tempted to rent furniture if you don’t have enough money on hand to buy it. But this won’t be cheap. It can cost upward of $350 per month to rent living room furniture and around $250 per month to rent bedroom furniture.

Instead of taking that approach, figure out how to buy furniture for your home so that you own it once you put it into place. There are lots of options available for those who can’t afford to pay for furniture outright with cash.

Check out some of the different ways that you can pay for furniture for your new home once you move in.

Borrow Money From Family or Friends for Furniture

Under normal circumstances, borrowing money from your family and friends is not a good idea. There have been more than a few relationships ruined over the years by people who have failed to pay back their family and friends.

You shouldn’t ask for a loan from your family or friends if you don’t know how you’re going to pay it back. But if you have a plan for repaying them, you can at least ask them if they would be willing to float you a loan.
Cropped image of businessman passing money to colleague at table
They may say no, and if they do, you should be prepared for it. You should try to understand where they’re coming from and resist the urge to resent them for turning down your loan request.

But they may also say yes and agree to give you the money you need when you’re trying to figure out how to buy furniture. They may even agree to pay for part of your furniture as a housewarming gift.

You shouldn’t necessarily expect them to cover any of your furniture costs. But it could end up being a nice bonus in the end.

Put Furniture on a No-Interest or Low-Interest Credit Card

Is your credit score decent? Take a look at it, and if it is, consider applying for a no-interest or low-interest credit card.

Credit card companies are very competitive with one another, which means they’re always offering new customers very low introductory interest rates. You can take advantage of this and put your furniture on a credit card without racking up hefty interest fees on it.

Just like with borrowing money from family or friends, you do want to have a repayment plan in place prior to charging furniture to a credit card. The last thing you want is to still be paying your furniture off in five years.

But when done right, buying furniture with a no-interest or low-interest credit card can be one of your best options. It’ll get you the furniture you need and give you some time to pay for it.

Finance Furniture Through a Furniture Store

If your family and friends are unable to help you buy furniture and you can’t find a no-interest or low-interest credit card to cover your furniture costs, there are other options!

For example, you can find a furniture store that would be more than willing to help you finance any furniture that you want to buy. Most furniture stores have some kind of financing plans set up for their customers.
Finance Furniture Through a Furniture Store
When you first visit a furniture store, speak with an associate about their financing plans and see what you might qualify for. You might even want to do this before you begin shopping so that you don’t fall in love with furniture that you can’t afford.

Take Out a Personal Loan to Purchase Furniture

Personal loans are perfect for those people who need money to buy almost anything. Whether you’re interested in buying furniture, making a repair to your car, or even going away on vacation, you can use a personal loan to do it.

Applying for one has never been easier than it is today. You can fill out an application online through a number of lenders and see if you’re approved for it in minutes. You can also have your loan sent to your bank account within a day or two in most cases.

You won’t have to sit around and wait to buy new furniture when you get approved for a personal loan. Just make sure you read reviews for different lenders and find the right one before applying for a personal loan.

This Avant loan review is a great place to start for anyone who is thinking about using a personal loan to buy furniture for their home.

Use Old Hand-Me-Down Furniture and Save Up for New Furniture

Are you running into deadends every time you try to figure out how to buy furniture? This can be very frustrating and might make you reconsider buying new furniture altogether.
Use Old Hand-Me-Down Furniture and Save Up for New Furniture
But there is one final thing you can try. If you can be patient, you might be able to save up money over the course of the next 6 to 12 months and pay cash for your furniture.

For the time being, see if you can find some old hand-me-down furniture from a family member or friend, and begin setting a little money aside each month for new furniture. You can save up enough to buy the furniture you want in no time.

Learn How to Buy Furniture and Choose the Best Option

As you can see, there are lots of ways to buy furniture for a new home. Your goal should be to learn how to buy furniture in the way that will work best for you and your family.

Consider each of the options listed here and think about if it’s a good option for you. Select the option that you like best and put it to the test when you’re buying furniture for your home.

Need more tips on furnishing a home without spending a fortune on it? Read our blog to get some ideas on how to make your new home look its best.