What are your thoughts on Walmart eliminating layaway?

I agree. When my hubby and I bought our first house. I put tons of stuff on layaway at Walmart and TJMaxx. Now that I have a son, layaway would have been useful for Christmas shopping. I think a lot of people are going to be affected.

i agree but sometimes people put stuff in the layaways. and never pay for it. or go back to get it out.

That is true and it sounds like that is a big reason so many stores have or are doing away with it.

Why do you say that? I have seen other people on forums and such saying not to shop at walmart but I don't know why. Is there something going on?

I can see your point. By the way, love the picture!

what stops you from just saving the money until you can afford it?

That is such a shame. Many people, myself included, use layaway because I don't want to open a credit card. Why is our society so accepting of living above our means and being in debt. Credit card companies count on things like this and it is sad.

Nothing, however, if it is an item that could sell out or be discontinued, you ran the chance of it not being available once you have the money saved up. This is why so many people utilize layaway during the holidays.

But you don't get the item until it's paid for, right? So why not just save the money up in your bank account, or a cookie jar or wherever and then when you have enough for the item go buy it?

I think it is great for people who need or want something but don't have the money at the time to buy it outright. It sure beats using a credit card, in my opinion. At least once you get your item you are not in debt afterwards.

There is the chance that what you want may be gone, especially around the holidays. If you put it on layaway, the item is held until it is paid off. There is the piece of mind that you have the item off the shelf and it is there once you pay it off. You could be saving for a month or two, go back to buy it and find that it is gone.

my husband works for walmart, and what you said was a big reason for why they did away with it. To many people leaving things in lay away and then not picking them up.

True! When I was looking for items for our house, I used layaway at walmart because we didn't have the space to keep blinds and such in our apartment. Also, when I found a curtain I really liked, I wanted to make sure it was there when I needed it. The policy was that you had either 60 or 90 days and you had to pay at least once every 30 days. If you didn't they would restock your items and you would forfeit the items. Unfortunately, some people would put items on layaway evn though they couldn't afford to make payments on it. That is just silly! It's kind of like a credit card, if you can't afford to make payments, then don't do it!

It's a shame that people abuse the system and ruin it for others!

That's funny! The one time I used layaway, for when I bought my first house, I could never find anyone back there working it! LOL

Target does not have layaway.

I agree. I think they will definitely see a drop in sales.

Now THAT is interesting. Target would make many people happy if they had layaway.

I think that they will lose quite a bit this year.

I think you are right. Layaway booms at Christmas time. I for one don't have space to store large gift items.

I think you're right. People may take their business elsewhere. Even if the store doesn't have layaway, they may shop elsewhere on purpose.

I hear ya! It seems as if they could maybe institute a stricter penalty for those people who put items on layaway and don't ever pick them up.

Yes. You choose the items you want, the store keeps them and pay on them little by little until it is all paid off, then you take your items. Many people use it for holiday shopping. They find something they like and put it on layaway and pay it off before Christmas.