Badin vs. Fredericktown
Miamisburg graduation 2012
Valley View vs. Greenville
Home > Blogs > Here's the Deal > Archives > 2011 > November > 21 > Entry
Two layaway “don’ts”
There’s a limit to how long retailers will store your stuff on layaway this holiday season, according to Andrea Woroch, consumer and money-saving expert for Kinoli Inc.
Stores want to move merchandise before Christmas, she adds, so check to ensure you have enough time and cash to pay off the entire debt on time or you’ll forfeit everything you’ve already paid.
Here are two layaway “don’ts” Woroch offers:
* Don’t forget about automatic withdrawals. Some merchants prefer to set up automatic checking-account deductions, ostensibly to save you the hassle of coming in to make each payment. Should one of those payments bounce, however, you’ll be hit with an overdraft fee from both the merchant and your bank. Mark on your calendar the date each deduction will be made, so you can double check the balance in your account.
*Don’t layaway when you can pay. The fees you incur with a layaway plan aren’t always worth it if you can pay cash now and avoid the hassle.
Tweet
