Layaway: Shop Without Breaking the Bank

A simpler way to purchase your back to school items.

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    NEWSLETTERS

    Parents can now manage the inevitable costs of back to school items without breaking the bank.
    It's called Layaway!

    Layaway policies vary from store to store, so make sure you understand the policy before you sign on the dotted line.

    Here are some retail stores that offer layaway plans:

    Best Buy

    Select items totaling $250 or more. Pay 25% down, plus a non-refundable layaway fee of 5%. Make bi-weekly payments until you've paid off the balance (choose an 8 or 12-week pay off period). Click here for complete details.

    Burlington Coat Factory

    Pay a 20% deposit and a $5 service fee to initiate a 60-day layaway. The second 20% payment must be made within 14 days. Canceled orders will result in a $10 fee. Any refunds resulting from the cancellation or return of layaway merchandise will be placed on a store gift card. No cash refunds will be made.

    Kmart
     
    Available in store and online (for all items marked with the layaway icon). Pay $15 or 10% down (whichever is greater) and a $5 initiation fee. Then, make payments over an eight-week period. A $10 fee applies to all canceled orders. All online orders must be picked up in store. Click here for complete details.

    Marshall's
     
    Pay 10% down and a $5 service fee. Merchandise must be paid off and picked up within 30 days. Not offered in all stores. Use the store locator on their website to locate a participating store near you (noted by a little hanger icon). Jewelry and clearance items do not qualify for layaway.
     
    Sears
     
    Available in store and online for all items marked with the layaway icon. Pay $15 or 20% down (whichever is greater) and a $5 initiation fee. Then, make payments over an eight-week period. A $10 fee applies to all canceled orders. All online orders must be picked up in store. Click here or complete details.
     
    TJ Maxx
     
    Pay 10% down and a $5 service fee. Merchandise must be paid off and picked up within 30 days. Not offered in all stores. Use the "Find a Store" function on their website to locate a participating store near you (noted by a little hanger icon). Jewelry and clearance items do not qualify for layaway.
     
    Wal-Mart
     
    Layaway toys and electronics with 10% down and a $5 service fee. Total purchase must be over $50, and each individual item must be $15 or more. The layaway program starts October 17, and all purchases must be paid for and picked up by December 16. Not available online.