Walmart’s New Layaway Plan – How Does It Work?
- Friday, September 9, 2011, 15:41
- $$ Saving Sites, Retail Coupons and Codes
- 35,682 views
- 8 comments
2012 update- The Walmart layaway program ended after Christmas. I have contacted Walmart and will update my readers on the status of layaway for 2012. Be sure and subscribe for free to get my updates or become my friend on Facebook and you will get the scoop as soon as I do!
Walmart is bringing the layaway plan back in time for the 2011 Christmas season. Layaway at Walmart begins October 17th. You can layaway toys and electronics of $15 or more, including dolls, bicycles, video games and televisions, so long as the total purchase price exceeds $50. You will have until December 16th to pay off your remaining balance and take home your goods.
To qualify for the new layaway plan, customers must spend at least $50, and each item put on layaway must be worth at least $15. Shoppers pay a $5 fee to open the layaway, put 10% down, and the balance must be paid by December 16th or you will pay a $10 cancellation fee.
Walmart hopes to give shoppers under tight budgets or without credit cards a way to secure the gadgets and toys their children want. You can preview what is on sale here at Walmart.com.
***Join my blog to find all the best deals for Christmas including great gifts for under $25. Let’s make it a debt-free Christmas. Get the deals, discounts, and freebies by signing up for my free emails, Facebook or Twitter updates.
Here are other stores offering layaway plans:
Kmart- no interest, pay 10% down or $15 and take up to 8 weeks to pay. Read their layaway policy HERE
Sears – pay $15 or 20% down, must be paid in 8 weeks or less. Read layaway policy HERE
Burlington Coat Factory – $5 fee and 20% down. Pay in 8 weeks or less, read layaway policy HERE
Toys”R”Us and Babies”R” Us -available for “big gifts” read their layaway policy HERE.
Dress Barn -from their website: Do you have a layaway policy?
- Yes, dressbarn does have a layaway policy. Our policy varies depending on where the layaway transaction is taking place. We invite you to visit any dressbarn location and ask a Sales Associate to assist you with your layaway.
In researching this article these stores were mentioned in articles as offering layaway plans but I could not verify this on their websites; please check with the individual store managers:
Men’s Warehouse
Footlocker
Big Lots
TJ Maxx & Marshalls- many stores (but not all of them) offer layaway.
If you are new to More With Less Today, welcome to my FREE blog. I search every day to find more ways to trim expenses, save money, stretch our resources and to give back from our surplus. I hope you will become a regular reader.
If you ever shop at Amazon.com, I would be grateful if you would use the search box to find what you need.I earn a small commission which helps me to maintain this free site. You never pay more to use my links.
Some posts may contain affiliate links. You will never pay more to shop through one of these links. I appreciate your support when you choose to use them.
Shop Amazon – Mother’s Day Gifts
About the Author
Lori has written 2768 posts on this blog.
8 Comments on “Walmart’s New Layaway Plan – How Does It Work?”
Write a Comment
Gravatars are small images that can show your personality. You can get your gravatar for free today!
Stretching your dollars just got easier! This FREE blog is my hobby and my passion. MoreWithLessToday.com shares the best resources, smart reader tips, and new ideas for spending less and doing more with your money today. 
Also Buckle stores offer layaway.
I’m glad Walmart brought it back. I remember the year that it ended. I ran into a friend from high school and college. She was at Walmart putting everything she could on layaway before it ended.
Being an older University student this gives my husband and I a chance to give my children a christmas they deserve. Last year was heartbreaking when they only had a few presents and the presents weren’t even what they wanted. Being on a tight budget did not allow us to do that but with this layaway plan we can afford to get everything they want and put a fraction of the price down every pay day
yes Theresa, I was happy to see Walmart bring this back. I hope you will continue to follow More With Less Today. I love to find free or practically free things that we can stash away for gift giving. I love to give gifts and I can’t let that bust my budget, so I buy them throughout the year when I see a great deal. I also love to grab these freebies to give away and donate. Blessings to you and your family, Lori
yeah I am glad they r bringing back layaway for Christmas being a self employed person from September to January is always slow and sometimes hard to buy my children what they are asking for at Christmas also my son was born on Christmas eve and with layaway back Ill be able to get him a couple more thing… thanks
Big Lots offers layaway, but they call it Price Hold. It is layaway for certain items like their furniture, couchs, recliners, tables, etc.
walmart should leave the layaway department running all year it opens up more jobs and allows customers a chance to get for their children in these hard times that we are all in no matter what their finances are. walmart is one of the top retail company running if those smaller can do this for the people why can’t they. sam walton was for the people and did what he could to help his associates and customers wonder what he is thinking of his company and it’s leaders now
When I went to walmarts layaway line it was empty. Some of us spend our money on things that are useful like clothes and coats. They only take toys and electronics. and they have to be a certain price for an item. You still have the best for shopping Walmart but you’re going to lose it because of the layaway department.. Kmart still has it going on in the layaway department. Better watch it walmart you just might lose out.
So long as I put fifty dollars worth of “stuff” on faraway, I don’t think it should matter the cost of an item! My grandkids are not that old and don’t need a lot of expensive toys!