Best time to buy something

Best time to buy something

Timing is everything when it comes to shopping for the best deals, whether you’re shopping online or going to brick-and-mortar stores. Knowing when to buy is a big key to saving money. Holidays are often the best time for deals. The days immediately after the holidays are also good. Think candy sales the day after Halloween and Christmas decorations that go on sale right after December 25th.

Seasons are also important. If you’re looking for items that are in high demand during the summer, late summer, or early fall, now is a great time to buy them.

Opening a high-yield savings account is a great way to build up enough money for things you plan to buy. Online banks typically offer the best returns on savings. Make sure your account is with a federally insured bank or credit union.

Here’s a monthly guide to the best times to buy various goods.

Vacation Sales month
New Years Day January
Martin Luther King Jr. Day January
Valentine’s Day February
President’s Day February
St. Patrick’s Day March
Easter March or April
mothers Day Be able to
Memorial Day Be able to
father’s day June-
Fourth of July July
Labour Day September
October Halloween
Hanukkah and Christmas November and December

Holidays with the highest turnover in 2021-2022

Vacation Total turnover 2021 Total turnover 2022
Valentine’s Day $21.8 billion $23.9 billion
St. Patrick’s Day $5.1 billion $5.8 billion
Easter $21.6 billion 20.8 billion
mothers Day $28.1 billion $31.7 billion
father’s day $20.1 billion $20 billion
Fourth of July $7.5 billion $7.7 billion
Halloween $10.1 billion To be determined
Hanukkah, Christmas, Kwanzaa
(November-December combined)
$886.7 billion To be determined

Source: Figures based on National Retail Federation and Prosper Insights & Analytics sales forecasts.

January is the best time to buy fitness equipment and other fitness-related items to help you keep your New Year’s resolutions. You will also find offers for holiday leftovers in the electronics department. Many retailers are marking sheets and other bedding this month. And because people spend most of their time in dry indoor air, it’s also a good month to buy humidifiers.

  • Bathroom scale
  • Practice material
  • fitness trackers
  • Sheets, pillowcases and other bedding
  • Soundbars, wireless routers, smartwatches
  • Humidifiers

There are many mattress deals on Presidents Day weekend. February is also a good month for furniture sales. You may find stores offering discounts for Valentine’s Day, but after the holidays, you’ll likely find better deals on chocolate, perfume, and jewelry. Look for discounts on TVs ahead of the Super Bowl, along with clearance prices on computers and other electronics. As winter begins to subside, you can expect lower prices for snow blowers, stoves, and winter clothing. Also, sales of tax software will begin this month, ahead of the mid-April filing deadline.

  • Mattresses
  • Furniture
  • Cameras, cell phones, cell phone services, printers, tablet computers
  • TVs
  • snow blowers
  • Space heaters
  • Dishwashers
  • winter clothes
  • Tax software
  • Jewelry, perfume

Spring means giving the house and yard a major makeover, so expect discounts on house cleaning and lawn equipment. As you get ready to open the house after shuttering all winter, you see deals on new windows. March ushers in college spring break season and many consumers are starting to think about summer vacation plans, so it’s a good month for luggage sales. Retailers are also becoming more aggressive in clearing out their winter clothing inventory.

  • Replacement windows
  • vacuum cleaners
  • weed eaters
  • Space heaters
  • air purifiers
  • Luggage
  • winter clothes

If the wintery weather continues into April, look for bargains on equipment to get your home and yard looking pristine again. Expect discounts on bike helmets and grills as the weather warms. You’ll see discounts on formal wear during prom season.

  • bicycle helmets
  • grilling
  • Chainsaws, leaf blowers, lawn mowers, tractors, weed cutters / grass trimmers
  • Home improvement tools, pressure washers, vacuum cleaners, carpet cleaners
  • Replacement windows
  • Formal wear

Memorial Day weekend is one of the biggest holiday shopping weekends of the year. Now is the time to save on major purchases, such as air conditioners. Memorial Day weekend is also the traditional end of the school year, so expect to see sales of items related to outdoor fun, vacations, and home and garden maintenance. Also look for discounts during Mother’s Day weekend.

  • air conditioners
  • Air mattresses, bicycle helmets, grills, blenders, strollers
  • Carpet cleaners
  • Chainsaws, leaf blowers
  • Freezers
  • Mattresses
  • Painting and wood staining

Summer starts in June, the kids don’t go to school and Americans celebrate Father’s Day. Now is the time to shop for equipment related to home, garden and outdoor fun.

  • Dishwashers
  • Pressure washers
  • weed eaters
  • Smartwatches, smart speakers
  • strollers
  • Steam irons
  • blenders
  • Cordless drills

Fourth of July and Amazon Prime Day are the July sales holidays. This year, Amazon Prime Day begins at 3 a.m. Eastern Time (midnight Pacific Time) on July 12 and continues through July 13. Prime Day, which started in 2015 to celebrate Amazon’s 20th anniversary, is an opportunity for Prime members and small businesses to score deals on a wide variety of things. With the exception of 2020, when Prime Day was held in October due to COVID-19, the event always took place in June or July.

Other major retailers also hold sales around this time. Look for bargains at Target, Best Buy, Walmart, Home Depot, Wayfair, and Bed Bath & Beyond.

The 4th of July is a great time to buy washers, dryers and large kitchen appliances such as refrigerators, dishwashers and microwaves.

  • Major appliances: refrigerators, dishwashers, washing machines and dryers
  • Mattresses
  • Microwave ovens
  • Steam irons
  • Dehumidifiers
  • Gas and charcoal grills
  • Home Security Cameras
  • strollers

August is back-to-school month, so it’s a great time to buy everything from pencils to printers. To ease the financial burden, some states offer tax holidays on clothing, shoes, and more. Check with your state tax authorities to see which items are included. With summer coming to an end, it’s a great time to shop for bathing suits, patio furniture, and other warm weather items. It’s also a good month for indoor furniture deals as retailers give way to next season’s inventory.

  • Supplies for back to school
  • Dorm Furniture & Accessories
  • Microwaves, freezers
  • Laptop computers, tablet computers, printers, wireless routers
  • Swimsuits and summer clothes
  • Patio furniture
  • Indoor furniture
  • grilling
  • vacuum cleaners

Labor Day weekend is a great time to find deals on many things, including major kitchen appliances, air conditioners and purifiers, lawn equipment, grills, bicycles, computers, smart speakers, and new windows for your home.

  • Air conditioners, air purifiers
  • Clothes dryers, washing machines
  • Dishwashers, freezers, ovens, refrigerators
  • Lawn Equipment
  • Replacement windows
  • Computers, smart speakers
  • Bicycles
  • grilling

The fourth quarter of 2022 is probably the best time of year to buy a new vehicle, says retired motoring journalist Matt DeLorenzo, author of “How to Buy an Affordable Electric Car: A Tightwad’s Guide to EV Ownership.”

Tight vehicle inventory reduced consumer demand due to high prices and a lack of purchase incentives and deals that cooled the 2022 auto market, but DeLorenzo thinks inventory may improve as the year ends and dealers are more likely to bargain.

“It might be worth waiting until the fourth quarter for the holidays or the year-end sales events to buy,” says DeLorenzo. “By then, the stock may be high enough to see some incentive, if not the dealer’s willingness to sell at or below the MSRP (Manufacturer’s Suggested Retail Price).

“Compact economy cars and midsize sedans are probably the best bets to find a deal,” he adds. “Also, models that are being discontinued due to slow sales may provide an opportunity to find a bargain.”

Other items to look for in October include fall and winter gardening tools. Columbus Day is a popular holiday for discounting mattresses.

  • New vehicles
  • Chainsaws, leaf blowers, snow blowers
  • Smoke and carbon monoxide detectors, thermostats
  • Hobs, stoves
  • Mattresses
  • Mobile Phone Services

The post-Thanksgiving shopping bonanza of Black Friday and Cyber ​​Monday are definitely the best times of the year to buy just about anything, especially TVs, computers, and small and large home appliances.

  • TVs, headphones, wireless speakers, sound bars
  • Computers, printers
  • Cameras
  • Dishwashers, stoves, refrigerators, washing machines.
  • vacuum cleaners
  • Smaller appliances such as slow cookers, toasters, food processors, coffee makers, air fryers, blenders, steam irons
  • Treadmills, Ellipticals, Fitness Trackers
  • Floors
  • New vehicles

Many sales that start on Black Friday and Cyber ​​Monday continue through Christmas. December is a good month to buy electronics, small appliances, fitness equipment, winter gardening equipment and other items.

  • Cameras, cell phones, computers, printers, headphones, TVs, sound bars, smart speakers, smartwatches, wireless routers
  • Thermostats, vacuum cleaners, carpet cleaners, snow blowers, home security cameras
  • Toasters, microwaves, blenders, coffee makers, cookware
  • Treadmills, blood pressure monitors
  • Toys and games
  • Electric Shavers
  • Humidifiers
  • New vehicles

What it comes down to:

To get the most out of every dollar you spend, time your purchases well, keep your eyes peeled for sales and budget, and save money, especially for large purchases. Consider opening a high-yield savings account to boost your shopping budget.

Shopping online can save you money and make comparing prices and products easier, even when it comes to buying a vehicle. DeLorenzo recommends searching for vehicles online and not limiting your search to auto dealerships.

“Don’t just compare vehicles in your geographic area, look elsewhere in the country,” he says. “Whatever area you shop in, don’t forget to enter a zip code. The small stimuli that exist are usually local.”

Note: Bankrate relied on industry experts and Consumer Reports to compile the list.