This is a sponsored post, I am a Kmart Layaway blogger, though all opinions are my own.
The holidays are coming up in a few short months so it’s time to think about holiday gifts.
But what if you don’t have enough money to buy what you want?
Do you chance going into credit card debt or is there another way?
How about layaway?
What is layaway?
A layaway plan is when you reserve an item at its current price and make payments towards it. When you’ve paid for the item in full, you get the item.
The Advantages of Layaway
- Lock in the item at its current price.
- Reserve it before it sells out.
- Make smaller payments towards item.
- Get the item without incurring interest charges.
Kmart’s Layaway Plan vs. Others
Currently, Kmart is offering free layaway! This means they’re waiving the regular $5 charge for layaway until 11/17/12. There’s no charge for putting something on layaway!
With Walmart’s layaway plan, you have to pay a $5 open fee, which you’ll get back as a gift card when you’ve paid off your layaway.
Best Buy layaway charges a 25% initial down payment, plus a 5% nonrefundable layaway fee. The item must be $250 to be eligible for layaway.
Following Kmart’s lead, Toys R Us decided to offer free layaway as well until 10/31/12.
Also, when you open a layaway plan, you’re entered in a giveaway for the chance to have your remaining balance paid off. Now until 11/17/12, there will be a giveaway every week at each participating Kmart location.
I hope I win big during Kmart’s Big Layaway Giveaway.
Items worthy of layaway:
Keurig B40 Single-Cup Home Brewing System
Sony DSC-W620 Compact Digital Camera
Sony HDR-CX190 Handycam® Camcorder