If you're planning on using layaway to shop for your gifts this year, here are a few things you should know:
Walmart layaway guidelines for Christmas 2012
- You can layaway the following items: toys, electronics, jewelry, small appliances, and select sporting goods.
- In order to open a layaway account, you'll need to put down $5 (which will be refundable on a Walmart gift card when you pay off the layaway) plus either an additional $10 or 10% of your purchase price -- whichever is greater.
- You must have a minimum purchase of $50 in order to open a layaway account.
- All layaway accounts must be paid in full and items must be picked up no later than December 14, 2012.
Do you like using layaway to plan out your holiday shopping budgets? Share your thoughts in the comments section below.