While watching TV over the weekend I noticed that almost every commercial had to do with some special Memorial Day sale.   A few of these advertisements caught my attention, especially the ones about zero percent financing. One of the commercials was for a furniture store advertising zero percent interest on any purchases for the holiday weekend.  Another commercial was an ad for cars, also offering a zero percent interest for a limited time on their brand of cars.  I have utilized the zero percent interest financing options in the past, specifically with credit cards.  When I first started getting credit cards my Mom educated me about the zero percent financing options.  She told me it was ok to take these options, but that I must pay them off before the interest rate increases or pay an interest charge. 

One of my first experiences was buying a computer from Best Buy.  I took their store credit card, which offered a six month 0% APR.  I went home and did the math (probably should have done it in the store) and divided the total purchase by six months.  Then I took that amount and paid it every month, so at then end of six months it was paid off.  There have been a few times over the years, where it sure would have been nice to only make the minimum payment, but I always remember my mom’s advice about zero percent APR rates and and follow it to this day.