To pay for a set of furniture in installments, consider the following methods: 1) Store financing programs through retailers like IKEA or Walmart, which offer 0% APR for 6-24 months. 2) Credit card installment plans via cards with rewards, ensuring timely payments to avoid interest. 3) Personal loans from banks or online lenders, ideal for larger purchases with fixed rates. 4) Retailer-specific payment plans, such as Wayfair’s flexible terms. Always compare interest rates, fees, and credit requirements to minimize costs.

Choosing installment plans depends on creditworthiness, budget, and purchase price. According to the Federal Reserve’s 2022 Survey of Consumer Finances, 63% of U.S. households carry credit card debt, with an average utilization rate of 36%, suggesting responsible credit use is critical. Retailers like IKEA report that 45% of customers opt for financing to spread costs, citing improved affordability (IKEA 2023 report). The Consumer Financial Protection Bureau (CFPB) notes that installment plans can reduce debt stress but warn against high-interest loans exceeding 36% APR. For example, a $3,000 furniture set at 15% APR over 12 months costs $345 total, while a 0% plan saves $45. However, missed payments can harm credit scores, which average 710 in 2023 (Experian). Thus, aligning payment terms with income stability ensures financial health. Data from the National Retail Federation shows 68% of consumers prioritize flexible payment options when purchasing big-ticket items, reinforcing the popularity of installment plans as a strategic tool for budget management.