Layaway is making a comeback at some stores. The concept is that you can select items now, put down a deposit and pay off the balance over a certain amount of time, usually about 8 weeks. It is a way to purchase items without putting them on a credit card and possibly incurring interest charges.

I have seen a few commercials on TV for a certain retailer where the sales person suggests layaway when the customer tells them they can’t afford all of the items they want to purchase.

Even though you can spread out the length of time to make payments you still need to stay within the budgeted amount you can reasonably afford to pay back.

This is part of a series I am doing for DIY holiday ideas. Click Here for the other posts from the month.

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Nancy Kvamme

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