Businesses offer layaway plans
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AREA Layaway programs
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In the 21st century, cash is no longer king. At least it seems that way.
Debbie Kaspar, store manager of Green Brothers Jewelers in Victoria, has witnessed the spending trend move away from cash purchases toward financing and credit card payments, but said a lot of customers still use the layaway program for purchases throughout the year. Especially if they are large, high-end purchases, including jewelry or electronics.
"You're delaying gratification. If you don't need it right now, you can put it on layaway. You're not getting it now and having to pay for it later," she said. "You pay it up front, and that's the best way to shop."
Kaspar, who has been with the company for 10 years, said she has built quite a collection of jewelry since working at the store. She uses the layaway program at Green Brothers to buy her pieces over time, rather than buying them on credit and eventually having to pay the interest on it later.
At either of the Green Brothers stores - in Victoria and in Bay City - the layaway program requires a small down payment and a commitment from the customer to make a monthly payment.
She said layaway is an option for people who like to budget their money or don't like to use credit and pay interest. Instead, customers can pay for a piece - for themselves or as a gift - over a window of time.
She added that another reason her customers like to use layaway throughout the year is because it's an excuse to come in and do some shopping.
During the holiday season, she said, customers will make a purchase and then put something on layaway for another occasion later in the year.
"It's an ongoing thing for some customers. They're constantly putting something away for the next event," Kaspar said. "These are people who buy for a lot of occasions."
The store has jewelry for all tastes and styles, from rings to watches and more.
"If you want to spend a lot, we've got that. If you want to spend a little, we've got that, too," she said.