Paying For Things Dollar By Dollar Instead of Using Credit Cards

By: Alex Covert - Published: • References: springwise
I’m going to throw a word out there, and if you know what it is, you’re showing your age: Layaway. You see, once upon a time, there was an alternative to credit cards. You still paid a little bit at a time, but you didn’t get to take your purchase home until it was ALL paid for. Hmmm. Smart concept, huh?

Well, given today’s economic environment, layaway seems poised to make a comeback. Take these music concerts for example. The Coachella Valley Music and Arts Festival, the Stagecoach Country Music Festival, Country Thunder USA, and the Bonnaroo Music & Arts Festival each offer some sort of layaway or installment plan. What’s old is new again.

Photo by luismi1985 (Flickr)