Lay By: The New Way to Pay for Your Holiday |
Posted: October 4, 2014 |
Guess what? We’re not rushing the season here, but the holidays are just a few months away. Why bring it up now? Because let’s face it, if you’re like most people you probably wait until the last possible moment to head for the store to buy several gifts for friends and family. And what do you find once you get there? Non existent parking spaces, sales clerks that are under so much stress they’re ready for the psychiatrist’s couch, fellow shoppers who are full of anything but the holiday spirit, empty shelves, and – long lines! What a way to ring out the old year and bring in the new! Is this fun, or not? If you answered “not” then you’re beginning to understand what waits in store for you by not planning ahead, beginning right now. Think of this as sort of friendly public service announcement, with lots of tips on how to avoid the dreaded holiday crush. And tip #1? Use lay by, an old method of paying for holiday gifts, that’s suddenly new again.
Source: bit.ly/1vEHWvB It’s Back!And it’s back in force. More and more online and offline stores are offering it as a way to buy and pay for holiday presents. The reason’s simple: their customers are demanding it. Back when economic times were rougher than they are today, many people preferred taking advantage of it as a convenient and economical way to pay for various items. As the economy began to improve, lay by, as a payment option, began to take a back seat to the old familiar credit cards. But it wasn’t long before it made a roaring come back, fueled in part by customer shock when those credit card bills came due. Here’s WhyInterest rates -- that’s right, the way the credit card companies make their money. They charge you interest unless the bill is paid in full in the first billing cycle. And that interest, depending on your credit rating, can be anywhere from 12% up to 30%. It’s sort of like paying $125 or more, for an item you originally bought for $100. Now, to most people, that doesn’t make any sense. So, more and more of them returned to lay by as a sensible alternative to credit cards. But there are other reasons as well.
Source: bit.ly/Z4ZeFn Savings, Convenience and ControlLet’s take a look at all three areas.
And, There You Have ItIf you’re looking for a safe and convenient way to pay for those upcoming holiday bills, LayBy is definitely the way to go. In fact, now would be a good time to get started!
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