As the economic downturn continues and money worries rise, some shoppers are being more careful with their spending. This might mean cutting back on luxury items, seeking out sales and discounts, or sticking to a strict budget. Others have been taking advantage of “buy now, pay later” options, such as deferred interest credit cards, buy/lease-to-own programs, and rent-to-own retail stores. This allows consumers to purchase items they would not otherwise be able to afford. Regardless of the situation, it is important for shoppers to be mindful of their budget and understand the details of any payment plan they are considering.
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