The Salt Lake Tribune
Wednesday, November 26, 2008
More stores offering layaway
Trying not to use your credit cards this holiday season? A number of retailers, such as Kmart, Burlington Coat Factory, have layaway programs. Read the fine print, though. Most retailers charge a nonrefundable fee of $5 to establish a layaway account, plus you'll pay an additional cancellation fee of $5 to $10 if you cancel your account or stop making payments. But compared with the cost of carrying a balance on a credit card, it can be a great deal.
posted by Lesley Mitchell @ 7:00 AM |

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About Lesley
   Lesley Mitchell has been a business reporter at The Tribune since 1997, covering real estate, the retail industry, personal finance and economic development. She's been a devotee of frugal living for more than three decades, starting when she was 8 and began washing cars (rain insurance anyone?) as a way to fund her goal of early retirement. A graduate of Utah State University's MBA program, Lesley, and her family, are dedicated to finding creative ways to save money, avoid debt and still have fun.
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   How do you and your family save money? Send an e-mail to lesley@sltrib.com.