Comments on: Layaway is back http://www.bluntmoney.com/layaway-is-back/ Wed, 12 Oct 2011 07:20:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: jenn http://www.bluntmoney.com/layaway-is-back/comment-page-1/#comment-45175 jenn Thu, 20 Nov 2008 01:53:11 +0000 http://www.bluntmoney.com/layaway-is-back/#comment-45175 Shadox, the benefit is they can capture a sale price, or ensure that the store won't run out of the item before they've saved enough. I've never used it, but it was quite common in the working class community where I grew up. For many poorer people, without access to credit, without savings, this is the only way they can take advantage of time-limited opportunities. Shadox, the benefit is they can capture a sale price, or ensure that the store won’t run out of the item before they’ve saved enough. I’ve never used it, but it was quite common in the working class community where I grew up. For many poorer people, without access to credit, without savings, this is the only way they can take advantage of time-limited opportunities.

]]> By: shadox http://www.bluntmoney.com/layaway-is-back/comment-page-1/#comment-45134 shadox Tue, 18 Nov 2008 05:00:15 +0000 http://www.bluntmoney.com/layaway-is-back/#comment-45134 I seriously don't understand this program. I mean - you lock yourself into this "plan" but don't get the product until you fully pay for it. Why not: make weekly contributions to your savings account, and then when you have enough money decide whether you still want to buy the product or something else? What is the actual benefit to consumers here? The only one I can possibly think of is if the item is on short supply or else on a massive sales (would lay-away still work in that case?) I seriously don’t understand this program. I mean – you lock yourself into this “plan” but don’t get the product until you fully pay for it. Why not: make weekly contributions to your savings account, and then when you have enough money decide whether you still want to buy the product or something else?

What is the actual benefit to consumers here?

The only one I can possibly think of is if the item is on short supply or else on a massive sales (would lay-away still work in that case?)

]]> By: bluntmoney http://www.bluntmoney.com/layaway-is-back/comment-page-1/#comment-45127 bluntmoney Mon, 17 Nov 2008 18:44:39 +0000 http://www.bluntmoney.com/layaway-is-back/#comment-45127 Emily, who knows -- I don't see why anyone would pay on their credit card either. Ashley, you could be right. Craig, I bet it didn't hurt the bottom line in the sense of it costing them money, but more in the sense of them not making as large a profits as they could without the administrative aspects. So some profit = better than none. Emily, who knows — I don’t see why anyone would pay on their credit card either.

Ashley, you could be right.

Craig, I bet it didn’t hurt the bottom line in the sense of it costing them money, but more in the sense of them not making as large a profits as they could without the administrative aspects. So some profit = better than none.

]]> By: Craig http://www.bluntmoney.com/layaway-is-back/comment-page-1/#comment-45124 Craig Mon, 17 Nov 2008 16:49:17 +0000 http://www.bluntmoney.com/layaway-is-back/#comment-45124 Do you think this is a smart service for stores to offer during these economic downturns? It must have heart the bottom line in the past which is why the system was removed. Craig www.budgetpulse.com Do you think this is a smart service for stores to offer during these economic downturns? It must have heart the bottom line in the past which is why the system was removed.

Craig
http://www.budgetpulse.com

]]> By: Ashley @ Wide Open Wallet http://www.bluntmoney.com/layaway-is-back/comment-page-1/#comment-45121 Ashley @ Wide Open Wallet Mon, 17 Nov 2008 15:42:57 +0000 http://www.bluntmoney.com/layaway-is-back/#comment-45121 I think that layaway is coming back because of the lack of credit. It makes sense. I'm glad to see it coming back. I've never used it personally, but I think it's a step in the right direction for our society. A little delayed gratification could do us some good. I think that layaway is coming back because of the lack of credit. It makes sense. I’m glad to see it coming back. I’ve never used it personally, but I think it’s a step in the right direction for our society. A little delayed gratification could do us some good.

]]> By: Emily http://www.bluntmoney.com/layaway-is-back/comment-page-1/#comment-45120 Emily Mon, 17 Nov 2008 13:31:40 +0000 http://www.bluntmoney.com/layaway-is-back/#comment-45120 It's hard to understand why they charge a service fee to start a layaway. It's a guaranteed sale. And who the heck would pay on their credit card? It’s hard to understand why they charge a service fee to start a layaway. It’s a guaranteed sale. And who the heck would pay on their credit card?

]]>