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November 5, 2011

More area shoppers turn to layaway during tough economic times

leonnah@standard-democrat.com SIKESTON -- In today's sluggish economy, many shoppers are opting to use layaway plans this holiday season. Donna Taylor, executive director of Financial Fitness Services in Sikeston, said there are several reasons consumers may want to use layaway which allows them to make purchases in small payments...

Leonna Heuring
Customers opting to use a layaway plan this holiday season line up at the Sikeston Walmart Supercenter. Layaway nearly vanished before the recession, but with consumers leery of facing too much holiday debt -- and threatening to spend less this year in stores -- retailers began using layaway as a means of luring them back. (Photo by Leonna Heuring, Staff)
Customers opting to use a layaway plan this holiday season line up at the Sikeston Walmart Supercenter. Layaway nearly vanished before the recession, but with consumers leery of facing too much holiday debt -- and threatening to spend less this year in stores -- retailers began using layaway as a means of luring them back. (Photo by Leonna Heuring, Staff)

leonnah@standard-democrat.com

SIKESTON -- In today's sluggish economy, many shoppers are opting to use layaway plans this holiday season.

Donna Taylor, executive director of Financial Fitness Services in Sikeston, said there are several reasons consumers may want to use layaway which allows them to make purchases in small payments.

"Layaway works really well for lots and lots of people," Taylor said. "It's structured. There's a payment that has to be made at a particular time. There's a time frame. You have that plan in place and it makes it easy for people to carry out."

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