A Low Stress Way to Purchase Jewelry for the Holidays

by Admin 17. October 2014 15:10

As technology grows, and culturally we are urged to continuously move forward, occasionally adopting a practice from the past may be provide practicality we still need and have forgotten. 


One thing that happened as a result of the downturn in the economy was that people were unable to rely on credit as they had become accustomed to.  This was actually a healthy reality in that, for some, credit became a monetary vortex from which it was difficult to recover.


In the good old days, which I regret to admit I remember, there was a practice called “layaway”.  It originated prior to credit cards.


People would begin thinking about Christmas and gifts in the fall.  They would select a gift at their local jewelry store, and pay an amount of their choosing and frequency with the goal of retrieving the article just before Christmas.


It was built into budgets, consciously planned, and excitedly anticipated.  And it avoided the dreaded January credit card statement, which could make the memory of the holiday sour.


The benefit to the jeweler is that they knew what is being sold, had the payments steadily in hand, and didn’t recognize the sale until completion of the transaction. In the event the client chose to abandon the layaway, the jewelry the deposit might have been forfeited. 


Maybe this retro practice would provide a controlled, less stressful, and more enjoyable approach to the upcoming holiday season.


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