STUDIO CITY (CBS) — Want to get a way to get a jump start on your holiday shopping, but haven’t quite filled your piggy bank yet?
Consumer savings expert Andrea Woroch says layaway programs are making a comeback. She visited the KCAL9 studio to share some tips.READ MORE: Mother of Three Murdered Children in Reseda is in Custody as Police Continue Investigation
Woroch warns consumers to read the fine print on any layaway contract before signing. She also suggests comparing the program fees to your credit card fees. Chances are the credit card interest will be less costly than the layaway charges.READ MORE: City Of Los Angeles Expanding Vaccine Eligibility To Residents 16 And Older Tuesday
Consumers should also take careful note of expiration dates. Many stores have a limit on how long they will hold layaway items, and if you miss the deadline, you could forfeit all you’ve paid.
Though it’s hard to part with cash around the holidays, Woroch says not to layaway if you can pay. The fees incurred by a layaway plan are not always worth it if you can pay cash up front and avoid the hassle.MORE NEWS: BAFTA Awards 2021: Chloé Zhao Wins Best Director, 'Nomadland' Wins Best Picture
For more consumer tips, visit Andrea Woroch online.