Create Your Own Layaway Plan.
Recently, I have seen a bunch of ads on TV for layaway plans at big box stores. I had no idea that layaway even still existed, as I only remember it from when I was a small child at our local Kmart – and have not seen it since then. Layaway plans are great for people who do not want to charge items they need to credit cards and who have the time to make weekly/monthly payments until said items are paid off. They offer an interest-free way of buying products without going into debt, which can be especially useful for some families. And really, they did wonders to teach people discipline about spending – you couldn’t have what you wanted until you had paid for it in full! The easy availability of credit has taken much of that discipline away, and people end up paying a lot of interest on every day purchases, which is not a good way to live. To help you get back on track with your spending, you can do the layaway plans at your favorite store (if they offer it) – or you can create your own layaway plan right at home.
