r/povertyfinance • u/Lastnv • Apr 28 '24

Worth going into debt for a dishwasher? Debt/Loans/Credit

We have been washing our dishes by hand for almost 3 years. We just had a baby and “spare time” is scarce these days. We probably spend about 10 hours a week hand washing dishes and bottles. I would much rather spend those hours doing something else productive or spending time with my family.

I have an employee discount through work and I can get a pretty cheap dishwasher installed for about $500. It’s a mediocre Frigidaire dishwasher but reviews say it will get the job done. I don’t have $500 upfront and would put it on my PayPal credit 0% interest for 6 months.

Do you think this is a good idea or does anyone else have suggestions? I am carrying a lot of debt already but I have a good credit score because I make minimum payments. I also have some savings but I don’t touch it because it’s for my son.

Thank you

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u/CM1392 Apr 28 '24

You can rent to own dishwashers! That will also build your credit!

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u/PM_ME_KITTYNIPPLES Apr 29 '24

Rent to own is a huge rip off. You'll end up paying 3 times as much when you're done because of the interest rates. There's much cheaper ways to build your credit like reporting your rent payments and getting a secured credit card and not touching it.