May 13, 2013
That dream vacation that seems financially unreachable can now be had through an age-old payment method: layaway.
For as little as $100, you can book and start a payment plan for trips almost anywhere in the world.
“Layaway gives people flexibility and the ability to afford a vacation when everyone is watching their pennies,” said Laurie Bowden, vice president of strategic accounts at SearsVacations.com, a division of Sears Holding, which offers payment plans for vacations all along South Carolina’s coast as well as some inland destinations.
The pay-before-you-buy method has been around since the Depression, another time when credit was tight and jobs were scarce. Retailers have resuscitated the practice since the recession started, as a means to encourage consumer spending. Consumers have used it not only to purchase big-ticket items and vacations, but also as a money-management tool.
Continue at:
http://www.thestate.com/2013/05/13/2769994/a-frugal-way-to-layaway-at-the.html
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