Personal Finance 101 Posts of the Day 3/26/07

• All Financial Matters has a great summary of why renting furniture is a bad idea. I agree 1000%. I've said it over and over that financing a depreciating asset (car, computer, furniture, jewelry, etc.) is always a bad idea. The value of the product drops so quickly that it's guaranteed that you'll be upside-down on the loan almost immediately. It's a much better idea to save up your money and buy with cash. This is why you set financial goals, to plan for these purchases.
• Credit Card Lowdown lists 20 moronic things people do with credit cards.
• Money for the Rest of Us talks about how to find cheap flights.
• Broke-ass Student talks about things to watch out for with credit cards.