Do you take advantage of layaway offers in order to nab goodies for the holidays while they are on sale? While I've personally never used layaway, I know many people who have and I find it so interesting. I can see the convenience of this option, especially when you have a large family to shop for or you need to make a new purchase when your old TV bites the dust, but I never realized that it was such a heavy phenomenon.
I knew that Wal-Mart offered layaway, for example, but I found out that many private businesses and small shops even offer the service. At our local Renaissance Fair a few weeks ago I saw that one of the garment sellers offered layaway! This is probably a good option for many people considering that handmade garb costs in the hundreds of dollars sometimes.
Kmart, Sears, Big Lots and other stores offer layaway options. Are they worth it? What are their rates like and do you know of any other off-the-path shops who accept this option?