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November 19, 2012

Just in time for Black Friday and the upcoming holiday season, let’s take a look at the newly popular layaway. It went out of favor throughout the 90s and 2000s as we reached for credit cards as a way to pay instead of… well, saving money and buying it!

If you’re not familiar with the term, layaway-ing allows you reserve a product at a store and then pay over time. When you pay for the product in full, you get to take it home! There are some positives of layaway, such as the ability to reserve a highly sought after item and paying for it up front like people used to.

However, I’m still not a fan, and I don’t plan to use it myself. These are the three reasons I won’t layaway this year:

1. I don’t want my money stuck at one store

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