Over the past few years major retailers (Sears/K-Mart) have been bringing back layaway programs.

For many the layaway making a comeback is a life savior.

Walmart recently started a Christmas layaway that began in October. 

Your layaway has to be out by December 16.

Before you start a layaway program read all of the fine print.

For people who have a hard time saving or budgeting for Christmas the layaway will  keep them from racking up a lot of debt.

Layaway return is a sign that many American's will not qualify for credit cards or same as cash promotions.

Layaway is also away for retailers to gauge consumer spending for the holiday season.

With 66 days left before Christmas a layaway make be the perfect solution to budget for everyone on your list.

Be sure that you know how much you want to spend on each person before you start shopping for items to put in the layaway.

Not only do you want a budget you should have an idea of what you want to purchase before you go shopping.

You can do your research online to save time and money.

There are some stores that also offer online layaway options.

You must be sure of the rules before opting into a online layaway program.

Call their customer service and ask questions to clear up any doubt you make have about the layaway program.

If the store that you want to shop at does not have a layaway buy gift cards to that store and make your purchases in this manner.

You can limit how much you spend on each person or just give the gift card.

Overall the layaway is away to keep you from credit card debt.

Make sure that you put your layaway payments into your budget.

Just becuase you use the layaway does not mean you won't over spend for Christmas.

Shop with a plan!

Is layaway right for you????

Your financial coach,

Renee Lawson

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