10 Things You Don’t Want To Get Caught Doing in Your Living Room

Have you spent a fortune to turn your living room into an oasis of comfort and relaxation? Gasp! What would frugal folks think? Consider these money-saving tips before your next big purchase.

by Shari Smith

Don't Get Caught Doing These Things in Your Living Room photo

Whoa! I’m not talking about things that your neighbors shouldn’t see. I’m talking about the budget-busting mistakes people make in their living rooms.

In the cozy confines of your living room, where relaxation and comfort should reign supreme, it’s all too easy to unintentionally fritter away money. Whether it’s splurging on brand-new furniture or opting for the fanciest electronics, many of us are guilty of making our living rooms a lavish, yet costly, oasis. Here are ten pitfalls you definitely want to avoid if you’re aiming to be more frugal while still keeping your living space stylish and comfortable.

1. Pay full price for furniture.

One of the biggest financial blunders you can make is paying full price for new furniture. Retailers often mark up their prices considerably, knowing that savvy shoppers will wait for sales or discounts. Keep an eye out for seasonal sales, clearances and promotions to get the best deal.

2. Go for the easy-pay plan or no-interest financing for your brand-new furniture.

It might seem like a steal to buy furniture on a plan that promises no interest or easy monthly payments, but these plans can encourage overspending. Often, if the balance isn’t paid in full by the end of the promotional period, you could be hit with all the accumulated interest. One late payment could also trigger a much higher interest rate on your outstanding balance.

3. Shop only at the best stores; quality furniture lasts much longer.

While quality does matter, the most expensive stores aren’t always synonymous with the best quality. Shop around and compare. Sometimes, moderately priced items are just as good in terms of quality and durability but come without the hefty price tags. And don’t overlook used high-quality pieces that may save you hundreds.

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4. Buy at rent-to-own stores.

Rent-to-own might sound convenient, but it’s a surefire way to pay multiple times the retail value of an item. If you’re looking to save money, save up first and buy outright. It’s cheaper in the long run.

5. Get the most high-tech (and highest-price) television you can find.

Technology advances rapidly, and the priciest TV today might be out of date in just a few years. Instead of going for the top-of-the-line model, choose a television that meets your needs without all the extra bells and whistles that you’ll likely never use.

6. Plug your television and other electronics right into the wall.

Surge protectors are a small investment that can save you a lot of money. Plugging expensive electronics directly into the wall can leave them vulnerable to damage from power surges. Protect your gadgets and your wallet by using a surge protector.

7. Pay for pricey designer decor.

Designer pillows and throws, knickknacks, lamps and other home decor can be enticing with their unique designs, but they can also be exorbitantly priced. Find unique decor in thrift stores or buy secondhand items online. You can also get creative and sew your own pillows or paint an old lamp to give your space a fresh, new look.

8. Plaster your walls with expensive art.

Art enriches any living space, but it doesn’t have to come with a steep price tag. Consider prints, lesser-known artists, or even local art schools, where you might find beautiful pieces without the gallery costs. You can also find beautiful, unique print-on-demand pieces affordably priced on sites such as Etsy.

9. Pay big bucks for custom or expensive curtain rods.

Pricey rods can transform a room, but so can a bit of ingenuity. Many home improvement stores offer stylish options that mimic a designer look for less. Sometimes, a simple hardware change is all it takes to give off a high-end vibe.

10. Buy the most expensive vacuum you can find.

A good vacuum is a must-have, but the most expensive models aren’t always the best choice. Research and read reviews to find a model that is efficient, durable and within a reasonable price range.

Your living room is a place for rest, relaxation, and entertainment—not unnecessary expenses. By avoiding these common financial pitfalls, you can create a space that is both inviting and economically savvy. Remember, frugality doesn’t mean sacrificing style; it means making smarter choices that align with both your aesthetic preferences and your budget.

Reviewed April 2024