It may seem a little early to start planning for the holidays but many stores such as Walmart, K-mart, Sears, Toys “R” Us and Marshalls are offering the layaway service! By using the layaway option, you can pay for your items in increments and pick it up from the store when you finish your last payment. This will help you minimize the amounts you charge to your credit cards and avoid racking up debt.
Although this is a great deal, there are a few conditions with this offering but they vary store-to-store. For example, many stores allow this option for free but some require a nominal layaway fee, usually less than $5. Check with your retailer and understand the terms of conditions before committing to the layaway service.
If you know of any other stores offering the layaway service, please comment below!