A few years ago, Wal-mart closed it's layaway departments in all of their stores, marking the end of an era. Almost noone had layaway anymore. Even though I rarely used it anymore, I was very sad. When my kids were little, layaway was such a blessing. I could pick out their gifts early and pay on them a little bit at a time. Most places did not charge anything for it and it was definitely cheaper than wracking up interest rates on credit cards. I didn't use it for just gifts, either. The computer desk that we have had for years (and is looking a little worse for wear, LOL) was bought through layaway at K-Mart. Shortly after we put it on layaway, it went on sale for a lower price and I was able to get them to adjust the price to the lower price. Anyway, enough on the memories. The bottom line is that eventually layaway was no longer available anymore, although I don't think K-Mart ever got completely rid of it.
Last week, I got an e-mail from Sears advertising the return of layaway for the holiday season. I have seen and heard of various other retailers offering it again, which I think is great compared to putting Christmas on plastic. Most places charge a fee now, one article I read says K-Mart's is $5. A bargain compared to interest rates and possible late fees.
So...if you need another option this Christmas, check out stores that offer layaway!