If you are anything like me, then shopping on a budget is most important. I have two kiddos in my household and have to shop for bargains and budget my money accordingly. With the holiday season coming up, most of us will be busy checking off Christmas lists and preparing gifts for our loved ones. Since our economy has not fully rebounded from the recession, we need options to be able to afford items—shopping giant Wal-mart has decided to bring back their popular layaway option to make it easier for people to pay for gifts for the holidays.
Beginning October 17, Wal-mart stores nationwide will open up their layaway departments for holiday purchases under the Wal-mart Christmas Layaway Program. The layaway will only be available for the two most popular categories for Christmas shopping: electronics and toys. Families will be able to make a low down payment, and gradually pay on the items in time, giving them more options for the holiday season. Items placed in layaway will need to be at least $15 each.
For convenience, layaway payments can be made at any register in Wal-mart. Layaway hours will be from 9am to 9pm in most stores, and the department will be closed the day after Thanksgiving. A minimum payment of $50 is required to put your items in layaway.
The Walmart.com desk will serve as the layaway area, and will be open until December 16th.
For more information on Wal-mart’s Christmas Layaway Program, click HERE.
I think it’s a fabulous idea for Wal-mart to bring it back for the holidays, and I think this will help ease the financial burden during the holidays.
What are your thoughts?
http://www.youtube.com/watch?feature=player_embedded&v=pXLeUED-75E
I didn’t even know they stopped the layaway service. See how long it’s been since I’ve had to use it. Maybe I’ll check out some stuff for my niece and nephew 🙂
It is a good thing. I remember my mom being the layaway queen and walmart was our store!
LOL. Yes Wal-mart stopped their layaway service about 2 or 3 years ago. Kmart still has a layaway (I think) and Toys r Us is offering a layaway for the holidays as well.
Thank you for sharing this information! Hopefully Walmart (and other stores) consider making layaway year-round again.
Thanks for commenting. I know a lot of stores said they were losing money with layaway, but with the economy being the way it is, I think they would make more of a profit if they offered this service permanent, not just for the holidays. 🙂
I think that layaway is a great option however I think that Walmart is setting to many standards on there layaway. At K-mart there is no limit on what the price of an item has to be in order to put it on layaway and you only have to pay 10% down on your total layaway price. There layaway is also not just for electronic and toy items as alot of people like getting clothes and shoes for Christmas. I think layaway is a great thing but I don’t think that Walmart is thinking very smart about the restrictions that they put on it. This is just in my opinion though.