Deferred Payments (Buy Now Pay Later)
What would you guys recommend as the best method to handle a deferred payment type transaction.
I've just bought an Air Conditioning unit, £500, on a store card. The offer is 6 months buy now pay later. If paid within the 6 months, then there will be no interest to pay.
I have sufficient money in other savings categories to have paid it in full, but thought I'd rather keep it in my accounts earning some interest and take advantage of the 0% offer.
Thanks. Forgot to add that the question was more how do I handle the category balance. If I enter the transaction now (as it's now on the card), the category would go yellow, even though I've set up a goal to fully fund it by the time its due.
It's due on 13th Feb, so I've set the funding goal for 1st Feb.