If you head to the mall or a popular department store you'll find some folks who are definitely shopping for the holidays now.

The reason they aren't waiting... they're using layaway.

Ann Gooley says she's considering it.

Ann says, "This year is the first year I'd probably consider it. With my husband unemployed, it's going to be hard to make Christmas for our three kids."

Many shoppers say with the tight economy and banks tightening credit card rules they feel safer using layaway... knowing they can lock in on gifts, pay a certain amount every week or so, and then have a place to store the presents until Christmas rolls around.

After a five year absence, Walmart has brought back layaway for toys, electronics, and fine jewelry.

Toys R Us also is offering layaway at its Colorado Springs store and in and around Denver for large gift items and electronics.

But before you load up the shopping cart make sure you read and understand all the layaway rules first.

For example know all the fees.

Find find out what happens if you miss a payment.

Ask if can you get a refund or store credit if you later decide you don't want an item.

Also find out what happens if the item later goes on sale after you started making payments.

Knowing the facts will save you money and disappoinment later.