Buying Structured Annuity!

By: Destiny Kelley

This holiday season some families are struggling to buy those special gifts. That is why Toys R Us is extending its layaway program. Since the company first introduced the program in 2009 hundreds to thousands have taken full advantage of it. People love that they can pay in increments and not in one chunk.

The layaway program was originally only for large items. Not anymore. Starting October 15, you can put just about any item on layaway including Barbie dolls to toy cars and Lego sets.

As with all, rules apply such as you must put down 20% and pay a $5.00 service fee. You then have 90 days to pay off that purchase. It must be paid off by December 4th. If you are an online shopper you can select the Bill me later option eventually paying it off over time. If you want the item delivered by Christmas you must have it paid off by December 1st. If you cancel your order then you must pay a $10.00 cancellation fee.

During this economic turmoil that people are waking up to everyday, this might help to lift the burden off of some people by helping them cut their costs. As the economy keeps going into its downward spiral people are more open to the idea of using layaway. It does not matter what your household income is. Statistics show that people with incomes $40,000 year, above or below, still use layaway.

Last month, Wal-Mart announced that they were also going to be doing their layaway program from October 17 - December 17. This also carried a $5.00 service fee. Kmart and Sears also do their layaway program throughout the whole year.