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| Topic: The Almighty Dollar and LayAway | |
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As a Wal-Mart associate (floor stocker, not management) I got to see what happened when we discontinued layaway. Our sales and profits both went up more than projected for that year. We don't have the headache of having to replace the stuff that gets damaged (it's bad enough when it's unloaded the first time, storage is murder on it) broken, don't have to keep someone back there all day waiting for people to come by. Outstanding. WalMart made more money. However, my paycheck hasn't gone up any, and I'm relatively certain that the WalMart corporation isn't in any danger of going belly-up anytime soon. |
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As a Wal-Mart associate (floor stocker, not management) I got to see what happened when we discontinued layaway. Our sales and profits both went up more than projected for that year. We don't have the headache of having to replace the stuff that gets damaged (it's bad enough when it's unloaded the first time, storage is murder on it) broken, don't have to keep someone back there all day waiting for people to come by. Outstanding. WalMart made more money. However, my paycheck hasn't gone up any, and I'm relatively certain that the WalMart corporation isn't in any danger of going belly-up anytime soon. The other side of that, is if things cost Wal-Mart more, it's not like it's going to hurt corporate's pockets, they're going to pass the increase right on to you. I understand it not being a reason to jump for joy, but we can't all volunteer time in a soup kitchen all the time. |
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It's not so much the cost of the item. The price is what the price is. If I don't like the price, there are other places I can go to find a better one if I so choose. I'm talking about convenience if a person doesn't have the entire cash to pay the total price up front, or if mitigating circumstances would prevent a person from getting a credit card not necessarily through any fault of their own (such as a bancruptcy), or any number of other things. What may be convenient for the store is not always convenient for the consumer, and the consumer is what makes the store money.
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I actually spent an hr in line yesterday at a kmart here putting an item on layaway for xmas for my parents.
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I have never really understood this layaway notion. If the store holds the goods until they are paid for anyway, why wouldn't you just put money aside and when you had enough buy the item outright?
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So apparently the story is true. Kmart is doing a fantastic business with their layaway.
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Okay, I can see that part of it. I never used layaway, I never saw it as convenient. The gift card option mentioned earlier might get most of what you were looking for.
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I have never really understood this layaway notion. If the store holds the goods until they are paid for anyway, why wouldn't you just put money aside and when you had enough buy the item outright? It's not always that easy. Some things cannot simply just be waited for, and are needed immediately (not necessarily in my own case, I'm just stating an example). If you find the item you need/are looking for/want/etc., especially if it's on sale, it may not be at that same price anymore when you do have enough money to purchase it outright (another example). Some things may be limited edition, some may be discontinued, whatever. There's a hundred different scenarios. |
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I have never really understood this layaway notion. If the store holds the goods until they are paid for anyway, why wouldn't you just put money aside and when you had enough buy the item outright? It's not always that easy. Some things cannot simply just be waited for, and are needed immediately (not necessarily in my own case, I'm just stating an example). If you find the item you need/are looking for/want/etc., especially if it's on sale, it may not be at that same price anymore when you do have enough money to purchase it outright (another example). Some things may be limited edition, some may be discontinued, whatever. There's a hundred different scenarios. And when the (fragile) limited edition whatever gets crushed in the back room when the minifridge the parents bought for their college bound child is dropped on top of it by a minimum wage slave? Just poking holes. You definitely have a point, I've just found other ways to cope with the situation. |
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It is impossible for me to save money in the hopes of buying something months from now. If I have the extra cash in my pocket I will spend it.
Layaway allows people like me to control themselves lol. If I know I have a payment to make I will. Otherwise I would never get what I was saving for. My Mother uses layaway because it allows her to keep everything out of the house away from prying eyes. She also has a problem w/saving money just like me. |
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Edited by
Mr_Music
on
Mon 11/10/08 07:38 PM
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I have never really understood this layaway notion. If the store holds the goods until they are paid for anyway, why wouldn't you just put money aside and when you had enough buy the item outright? It's not always that easy. Some things cannot simply just be waited for, and are needed immediately (not necessarily in my own case, I'm just stating an example). If you find the item you need/are looking for/want/etc., especially if it's on sale, it may not be at that same price anymore when you do have enough money to purchase it outright (another example). Some things may be limited edition, some may be discontinued, whatever. There's a hundred different scenarios. And when the (fragile) limited edition whatever gets crushed in the back room when the minifridge the parents bought for their college bound child is dropped on top of it by a minimum wage slave? Just poking holes. You definitely have a point, I've just found other ways to cope with the situation. Not a problem. That's fair. Just my own opinion, but if there is an employee like that, then there should be some steps taken. As Brandy just mentioned, it's not always about money burning a hole in one's pocket, either. Many people have enough trouble "keeping the wolf fed and away from the door" (if you know what I mean), and usually, if it isn't one thing, it's fifty. Just about the time you have enough money saved up to buy something you want, something else happens that requires you to spend that money. It's a vicious cycle. |
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Tell me about the vicious cycle! This year has kicked my butt!
I finally opened a credit union account out of state and send them a little here and there or I would have no Christmas funds. Buying on line can save you a bundle. Just watch for the free shipping days. |
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USAA car insurance has a buying club service that can save you a bundle on Christmas presents includeing electronics. They have expanded their criteria for membership so you can save a lot on your car insurance too.
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If your income is $50,000 or less a year and you are a renter you can get up to $354 a year Renter's Rebate grant.
There are also Homesteader tax abatement discount if you own. Check with your county assessor. If you are underemployed you can also go to Division of Vocational Rehabilitation and be put into college and get a living stipend. If you have a medically fragile family member you can get up to a 30% discount on your utility bills. |
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