Why would you use layaway?

[JTsyo]

It seems to me that you can just put money into a drawer at home and then go in and buy it when you have enough. You don't get interest on the money you deposit, do you? Might be worthwhile for the holiday season if you think something will be sold out I guess.
Is there some part of layaway that I'm missing?

Moved from Hot Deals at OP's request.

Administrator allisolm

 

[OctaneZ]

Wrong forum?

 

[cubeless]

It seems to me that you can just put money into a drawer at home and then go in and buy it when you have enough. You don't get interest on the money you deposit, do you? Might be worthwhile for the holiday season if you think something will be sold out I guess.
Is there some part of layaway that I'm missing?

same people who let uncle sam keep their tax money all year so they get a refund... most people couldn't manage their money if u put a gun to their head... and idont' say that as a mean thing, it's just how it is... it's why 401k's for all fails... most people will be broke without some kind of defined benefit pension plan...

 

[Zargon]

It seems to me that you can just put money into a drawer at home and then go in and buy it when you have enough. You don't get interest on the money you deposit, do you? Might be worthwhile for the holiday season if you think something will be sold out I guess.
Is there some part of layaway that I'm missing?

sometimes you cant hide it at home?

I havent used it since I was a kid and had to do chores to get $$

 

[soccerballtux]

I think it's outdated.
I can imagine using it if you saw something in the store, wanted to buy it but don't have the money right now, and because it's the last production run and there won't be any more, you want to lay claim to it now.

 

[krazydimund]

and the obligatory:
IBTL

 

[HardcoreRobot]

no credit / bad credit

no discipline to save on your own

 

[slayer202]

I think it's outdated.
I can imagine using it if you saw something in the store, wanted to buy it but don't have the money right now, and because it's the last production run and there won't be any more, you want to lay claim to it now.

either this, that it might run out, or to lock in the price I believe. I heard them say something about locking in on price in one of the recent commercials. I thought it was beyond stupid before that. Still is though

 

[Miramonti]

There really isn't any interest on money to speak of these days to worry much about, so whatever works for the person to ensure the objectives are met.

The fact is, you can't spend cash in hand if you don't have cash in hand, and that is the case for everyone. Its even harder to manage money within families, since there are always things that come up.

 

[SonnyDaze]

no credit / bad credit

no discipline to save on your own

This.

And if momma try to hide money at home daddy find it and go drink. baby have no christmas stuffs.

 

[Kromis]

In for 9001!

Hot deal!