With all the goods and services we buy have increased in cost in recent months, taking a planned approach to time your purchases and saving money is a good idea and surprisingly effective in making your hard-earned cash go further. Black Friday is well known for being a great opportunity to buy goods at heavy discounts, there are a few other ways to make sure you get what you need at the best price.
Black Friday, the January and summer sales are all traditional times to save money, but if you need to make a purchase at a different time, you need to look elsewhere.
When To Buy
For starters, try and avoid May, it’s the month when retailers are least likely to offer discounts. January is obviously the best time of year to buy products. Retailers know consumers have less money to spend after Christmas and the competition is on to offer the most enticing deals. This holds true for most goods but is especially true in the furniture sector, where savings of over 50% can be often realised. Children’s toys too are offered at their lowest yearly price point, so its worth budgeting to ensure you have a budget available to make these great purchases when they are available.
Sale and discount sign in the shopping mall in Asia. Bali.
What To Buy
Technology deals on phones and laptops tend to be best during the summer months when savings of up to 50% can be regularly available. With the competition for sales always high, you can expect to see good discounts even on recently released products.
If you are looking at home renovation work, leaving this until the beginning of Autumn can be a money saver. Trades tend to be quieter around this time, larger projects are seldom started on the approach to winter. Taking advantage of this in projects that often involve a large labour element will save you money. Manufacturers know this too, and some offer multiple ways of saving money at this time.
If you love summer in the garden, the time to buy the things you need is always at the end of summer. With retailers trying to clear summer stock in as short a time as possible, savings of over 60% are commonly offered. If you like starting the year with fresh garden furniture, purchase it at the end of summer and leave it flat-packed for storage.
Making informed purchases at the best times of the year can yield great savings. Thinking ahead to your future requirements is key to buying off-season and realising the highest savings.