The Latest Expansion of the Holiday Season: Layaway at Walmart Starts a Month Early This Year

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Walmart is bringing back its holiday layaway program a month early.

We’re still in the middle of one of the hottest summers on record, but in less than a month, you’ll be able to put holiday items on layaway at Walmart.

Up until last year, layaway was all but dead. Around the mid-2000s, layaway was nowhere to be found at the country’s big-box stores. But after years of a weak economy causing hardships for financially strapped holiday shoppers, layaway was resurrected by a number of retailers, including Sears, Kmart, Toys ‘R Us, and Best Buy. Last year, Walmart joined the party, offering layaway for the first time since 2006. Starting on October 17, shoppers were allowed to put electronics and toy purchases of at least $50 on layaway

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This week Walmart announced that layaway’s back again – but this time a month early. It’ll now start Sept. 16 and run through Dec. 14. Walmart is framing the program’s extension as a way to give families an extra month to pay off their items. But it’s also just one more extension of the holiday shopping season, a time of year that just expands along with Americans’ waistlines around Christmas. The longer the shopping season, the more likely consumers are to buy more and more holiday items.

Last year a good chunk of Christmas merchandise arrived in September at stores like Walmart, Sears and J.C. Penney. So it only makes sense that shoppers would be able to put those items on layaway rather than waiting until October.

Walmart is also expanding the line of items that can be put on layaway, including small home appliances, select sporting goods and jewelry.

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Many consumers seem to always end up procrastinating and putting off holiday shopping until the last minute. But if you’re overeager and feel like Sept. 16 is too far off to start holiday shopping, you can “like” your local Walmart store on Facebook and start your layaway plans two days early.

Keep in mind that while Walmart’s expanded program may make it easier for families to make payments, layaway is never a good option when it comes to getting the most for your money. In fact, some say it’s worse than using a credit card. One professor argues that the average shopper would pay less in interest by using a credit card, even one with a high APRs – than they would using layaway. The only problem is that some low-income families can’t get access to credit and end up using layaway programs as their only option.

Walmart has at least tweaked its program this year, offering to refund the $15 “open fee” through a $15 gift card at the end of the completed layaway transaction. That gives families a little more value for choosing layaway.

Still, it’s clear that everyone wants to give their friends and family a memorable gift over the holidays, but if the only way you can do that is by using a layaway program, you may want to reconsider.

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Firozali A.Mulla
Firozali A.Mulla

Today I found

why we will go to 2017 for economy recovery. We just want to stay poor; World

stocks were mixed on Tuesday on renewed uncertainties over the European debt crisis, after a short-lived rally in Asia driven by the

Chinese central bank's move to ease tight liquidity through open market

operations. Early gains

were supported by lingering hopes that the European

Central Bank might buy bonds to help some European countries reduce their

borrowing costs, though such speculation has been countered by denials by ECB officials of such plans, and signs from Germany that it

opposes such moves. In

early European trading, the FTSE-100 index of leading British companies rose

0.6 percent to 5,859.03 while Germany's DAX advanced 0.7 percent to 7,079.46.

France's CAC-40 climbed 0.8 percent to 3,509.79. Wall

Street looked set to open higher. Dow Jones industrial futures rose 0.2 percent to 13,256 while Samp;P

500 futures added 0.2 percent to 1,417.50. Investors

are looking for progress from Greek Prime Minister Antonis Samaras' visits this

week to Germany and France, where he is expected to request an extension of

Greece's deadline to meet fiscal targets as the country carries out painful

reforms. The Hang Seng Index closed down 0.02% at

20,100.1. The China Enterprises Index of the top Chinese listings in Hong Kong

ended up 0.3% at 9,826. Thousands of

drivers in northwest Indiana face hefty car repair bills after BP sold some

25,000 gallons of contaminated gasoline that can foul their engines. BP has

recalled the bad fuel and says it will pay for repairs -- but first drivers

have to get it out of their tanks... The Rich Are Hoarding Cash --

and That's Not Good Prioritize

Real Estate Taxes More than 18 percent of Americans say there have

been times this year when they couldn't afford the food they needed, according

to a Gallup poll released on Tuesday. That plight

could grow because of the country's worst drought in half a century. The U.S. Department of Agriculture warned last month that Americans should expect to pay 3

to 5 percent more for groceries next year because of the drought. President Barack Obama warned Monday that he would

consider military force if Syria's Bashar Assad either tries to relocate his

regime's arsenal of chemical and biological weapons or attempts to use them on

his own people in a bid to crush an uprising that could topple him from power.

I thank you Firozali A.Mulla DBA

 

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Frederickgyn

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