Layaway Shopping

These days it’s clearly fashionable to be frugal. Layaway is a way to purchase an item without paying the entire cost at once. However, rather than taking the item home and then repaying the debt on a regular schedule, as in most installment plans the layaway customer does not receive the item until it is completely paid for. Anyone who simply wants to avoid using credit cards or keep purchases away from curious present-seekers during the Christmas season, layaway may be the answer. Layaway is viewed as a budgeting tool. It keeps a tight lid on credit card debt and eliminates the financial hangover from holiday overspending.

Check store layaway policies carefully: To avoid problems become familiar with a store's policies and carefully abide by them. Keep accurate records. Kmart's got layaway, as does Sears, Toys R Us, the women's clothing store Catherine's, T.J. Maxx, Burlington Coat Factory and a number of smaller retailers. One warning about layaways: you could pay additional fees for late payments or cancellations. Shopping the deals, using layaway, paying cash all hold down holiday spending.

Financially, layaway just makes sense! There's no credit card debt or limit, no outrageous interest fees and it also helps to discipline you financially. Layaway is the easy and economical way to buy the things you want and the things you need!


Couture Carrie said...

May have to do it!


Erika said...

I've never tried layaway myself. :)

NYC, Style and a little Cannoli said...

I do this with my hallmark ornaments because they can get to be a bit pricey when I am done picking out what I want! I think many stores are bringing layaway back and I love the idea. Very easy and before you know it, you are all paid for and very happy indeed!!

Ashley Gilbert said...

Very good advice on layaway shopping. I thing that in the past thier has been a huge misconception on the idea of putting something on laywaway. With these hard times I thing thier shouldnt be a stigma with this great holiday toil