Layaway, other changes irk Wal-Mart loyalists
http://www.msnbc.msn.com/id/20481508/
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The people who need to use layaway could get the same effect by using a savings account!
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Lay Away
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Mrs. howela used to Christmas shop everything on lay-away when our children were young. She could set aside $500 worth of gifts for $50 and shop early when the crowds were smaller and selection was best.
Now the kids are grown and gone and I don't get anything for Christmas. ♪♫ ♫♫ ♪♪ ♪♪ Oh I believe...♪ ♪♫ in yesterday...♪♫ ♫ ♫♪ ♪ ♪♪ Attachment 1444 |
It's also easy to say if you have even a basic understanding of how credit and banking works. Actually, you don't even have to do that, you just have to realize that Wal-Mart taking your money from you doesn't make you pay anything off faster, you're just as well off using a coffee can, they're not going to run out of school uniforms while you save up.
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Pie, What is the difference in you tucking away say $10 a week or $20 a week in a Joe suggested coffee can or a T'belle suggested savings account (that's the cost of the whole McDonald's meal you order by the way) AND placing something on layaway at WalMart? Nothing. At the bank you actually could make some money off of interest if you'd do this every week for 52 weeks of the year regardless of the need, school clothes or Christmas.
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It's not the best way but you can use a credit card too Pie and pay it off over time. Isn't that similar to layaway? I'm not real sure how it works?
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Capital One Savings 5.00% ? <-> $100 min ING Direct Savings 4.50% QFX OFX $25 bonus for new accts with $250 deposit CitiBank eSavings Savings 4.75% ? ? Requires CitiBank EZ-Checking account which may charge fees HSBC Direct Savings 5.05% QFX OFX New money promotion: 6.0% Regular Passbook Savings: An interest bearing savings account available to anyone. Interest is added to the account quarterly. $10.00 a week for 3 months equals $120.00 that's 1 quarter 5% interest on $120.00 a quarter equals $6.00 That is if they pay 5%, some pay less than that. |
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:shoethrow: :shoethrow: :showthrow: :shoethrow: :shoethrow: Rhertz, I was just trying to encourage a friend to do something different and you have to insult me. Hopefully, one of those shoes hit your backside! |
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I hope Wal Mart does not find out about your Micky D's banishment :eek:
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