Lay-A-Way

They say what's old is new again.  This pre-credit depression era phenomenon is back.

It's a great way to buy for Christmas and pay with cash!

The way it works is you will put a percentage down, pay a usury fee of usually between $5-$10 and have 3-6 months to pay it off.  Most Holiday lay-a-way plans require that you have it out by the middle of December.

Here are a few retailers offering it:

Walmart - offered in stores only.

Sears - offered in stores only.  Offered on major appliances all year long.

K-Mart - not sure how their's work since there is not any stores near me.

Burlington Coat Factory - Check with the store to find out how their program works.

TJ Maxx - Another store not located near me.

Marshalls - offered in stores only.

Toys R Us - apparently offered in some stores for major purchases only.

If you prefer to shop online:  www.elayaway.com offers selections from 100's of stores.

Source: frugalliving.about.com