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How to Budget for a Washer and Dryer

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How to Budget for a Washer and Dryer

Upgrade your laundry setup during Labor Day sales without draining your savings account.

VoAtlas editorial Updated · 3 min read
Typical cost $1,600 before anything else
Across the 0% window $106.67/mo 15 months, no interest

How we got that: $1,600 spread evenly across the 15-month introductory window on the Discover it® Cash Back. Checked · at the bank Carry a balance past the window and the standard APR applies to what is left.

A new washer and dryer set turns a chore that takes all Saturday into something you can finish in a couple of hours. Laundry day stops being a major event and becomes a background task.

Labor Day weekend is one of the best times to buy because stores clear out old inventory for new models. Start looking now to see which features you actually need versus what is just extra fluff.

Remember that the 0% intro APR is a deadline, not a gift. If you still have a balance after 15 months, the lender will start charging interest on whatever is left, which will quickly make your new appliances much more expensive than you planned.

The steps

  1. 01

    Compare multiple stores

    Don't settle for the first price you see. Get quotes from at least three different retailers, including local shops that might match prices or throw in free delivery. Ask them if they have any open-box deals on the models you want.

  2. 02

    Use the Discover it® Cash Back

    You can use the Discover it® Cash Back card to leverage the 0% intro APR for 15 months on purchases and balance transfers. This lets you spread the $1600 cost into payments of $106.67 per month over 15 months without paying interest.

  3. 03

    Check installation costs

    The sticker price rarely includes everything. Factor in the cost of new hoses, dryer vents, and professional installation. If you are handy, you might save some cash by doing it yourself, but don't risk a water leak to save a few bucks.

  4. 04

    Measure your space twice

    Before you click buy, measure the width, depth, and height of your laundry area. Make sure you account for the door swing and the extra space needed for venting in the back. You do not want to realize the dryer door hits the wall once it is already in your house.

  5. 05

    Set up autopay

    Since you are spreading this cost out, make it automatic. Link your bank account to the card so you never miss a payment. Even one late payment can cause you to lose that interest-free deal.

  6. 06

    Check the card terms before you commit

    Every figure we publish for the Discover it® Cash Back carries the date a person verified it against Discover and a link to where they checked. Intro windows and APRs change without notice, so confirm the current terms before applying.

    See Discover it® Cash Back terms →

Common questions

Should I buy a set or individual units?

Buying a matching set is usually cheaper and looks better. However, if one of your machines is still working fine, just replace the broken one.

Is extended warranty coverage worth it?

Usually, no. Most appliances come with a one-year manufacturer warranty. If you are worried, read reviews to see if that specific model has a history of breaking down early.

Do I really need a high-end washer?

Probably not. Most people use the same three settings for everything. Focus on reliability and capacity rather than extra tech features like Wi-Fi or touchscreens.

What if I can't pay the full balance by the deadline?

You will be hit with interest on the remaining amount. Do your best to pay more than the minimum monthly payment whenever you can to keep the total balance moving down.