This is my idea, my ultimate Christmas gift... A big 47" LCD TV- what he really wants but wants to wait until we get our taxes back. I want to get it for him for Christmas. Now, I got a call from Citibank. I had a $5000 personal loan through them I pay 235 a month for 2 yrs, and I owe 1500 now, they said I qualify for a low refinancing rate and I asked if I could get more $ from it, and they said of course. So I want to take out $1200 and get it refinanced. Payments would be the same every month and it would only make 6 more months of payments. I really want to get him this TV and we can afford it like this. I just don't know if he would be mad because I did the loan thing. I think he'd be happy about the TV. And it won't change monthly payments just the amount of time on it. How would you feel if your wife did this?
2007-12-18 03:24:27 · 5 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
I would be annoyed (but I would like the TV). I would be annoyed because we had agreed that we'd purchase it with tax refund money that we had in our hands (I'm a debt free kind of guy). I would be annoyed that she took a loan to buy me a gift. I would be annoyed because it would be over our pre-arranged buy limit without informing or consent (under $200 is fair game if not too frequently, $200-$400 is informing and anything over is both).
That said, I really like my large HD LCD TV. HD programming looks awesome.
Another thing that could be an issue... Do you make your own money? Do you really want to make six months of payments at $235 a month for a TV?
good luck!
2007-12-18 04:56:20 · answer #1 · answered by Rush is a band 7 · 0⤊ 0⤋
You should still plan on using your tax money to pay back the loan. At least knock it down enough to cover what you spent on the TV. The only thing I can see is that he may get a little upset about you making financial decisions and taking out loans without telling him. I would wait till you give it to him, tell him that you had the opportunity to refinance your loan for a lower interest rate, you got the money for the tv and want to use some of the tax return to go toward the loan. That way you will have lower interest and won't have to pay on it the extra six months.
2007-12-18 11:35:20 · answer #2 · answered by jimapalooza 5 · 1⤊ 0⤋
I would not be happy since I had already said I wanted to wait until we got our taxes back. Once you do get your refund, he'll be sure to point out that the TV is $300 cheaper than it was at Christmas.
2007-12-18 11:35:37 · answer #3 · answered by likepepsi 7 · 0⤊ 0⤋
He will probably love it.
Me, I would have better things to do with $1500 than buy a stupid TV.
2007-12-18 11:32:53 · answer #4 · answered by countryguyhfc 5 · 1⤊ 0⤋
i would seek a divorce!!!
2007-12-22 10:34:21 · answer #5 · answered by mister ed 7 · 0⤊ 0⤋