Best Time To Buy Anything

Best Time To Buy Anything

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Owaki/Kulla/Getty Images July 07, 2022 Libby Wells covers banking and deposit products. She has more than 30 years’ experience as a writer and editor for newspapers, magazines and online publications. Brian Beers is the managing editor for the Wealth team at Bankrate. He oversees editorial coverage of banking, investing, the economy and all things money. Bankrate logo

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You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Bankrate follows a strict , so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. Timing is everything when it comes to shopping for the best deals, whether you shop online or go to brick-and-mortar stores. Knowing when to buy is a big key to . Holidays are often the best time for deals. The days right after holidays are good, too. Think of candy sales the day after Halloween, and Christmas decorations that are marked down right after Dec. 25. Seasons also matter. If you’re looking for items that are in high demand in summer, late summer or early fall is a good time to buy them. Opening a is a good way to build up enough cash for things you plan to buy. Online banks typically offer the best yields on savings. Just make sure your account is with a federally insured bank or credit union. Here is a month-by-month guide for the best times to buy a variety of goods.

Sales holidays in the U S

Holiday Sales month New Year’s Day January Martin Luther King Jr. Day January Valentine’s Day February Presidents Day February St. Patrick’s Day March Easter March or April Mother’s Day May Memorial Day May Father’s Day June Fourth of July July Labor Day September October Halloween Hanukkah and Christmas November and December

Holidays with the highest sales in 2021-2022

Holiday Total sales 2021 Total sales 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 Mother’s 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 TBD Hanukkah, Christmas, Kwanzaa
(November-December combined) $886.7 billion TBD Source: Figures based on sales projections from National Retail Federation and Prosper Insights & Analytics.

January

January is the best time to buy exercise equipment and other fitness-related items to help you keep your New Year’s resolutions. You’ll also find deals on holiday leftovers in the electronics department. Many retailers mark down sheets and other bedding this month. And with people spending most of their time in dry, indoor air, it’s also a good month to shop for humidifiers. Bathroom scales Exercise equipment Fitness trackers Sheets, pillowcases and other bedding Soundbars, wireless routers, smartwatches Humidifiers

February

Presidents Day weekend is when mattress deals abound. February is also a good month for furniture sales. You might find stores offering discounts for Valentine’s Day, though you’ll likely find better deals on chocolate, perfume and jewelry after the holiday. Look for markdowns on TVs ahead of the Super Bowl, along with clearance prices on computers and other electronics. As winter starts to wane, expect lower prices on snowblowers, space heaters and winter clothes. Also, sales on tax software begin this month, ahead of the . Mattresses Furniture Cameras, cellphones, cell phone services, printers, tablet computers TVs Snowblowers Space heaters Dishwashers Winter clothes Tax software Jewelry, perfume

March

Springtime means giving the home and yard a thorough sprucing up, so expect markdowns on house-cleaning and lawn equipment. As you get ready to open up the house after being shuttered in all winter, you’ll see deals on new windows. March ushers in college spring break season and many consumers start thinking about summer vacation plans, so it’s a good month for luggage sales. Retailers get more aggressive about clearing out their winter clothes inventory, too. Replacement windows Vacuum cleaners Weed eaters Space heaters Air purifiers Luggage Winter clothes

April

If wintry weather lingers into April, look for bargains on equipment to help you get your home and yard looking tidy again. Expect markdowns on bike helmets and grills as the weather warms. You’ll see discounts on formal wear during high school prom season. Bike helmets Grills Chainsaws, leaf blowers, lawnmowers, tractors, weed whackers/string trimmers Home improvement tools, pressure washers, vacuum cleaners, carpet cleaners Replacement windows Formal wear

May

Memorial Day weekend is one of the biggest holiday shopping weekends of the year. It’s a good 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 on items related to outdoor fun, vacations, and home and yard maintenance. Look for markdowns over Mother’s Day weekend, too. Air conditioners Air mattresses, bike helmets, grills, blenders, strollers Carpet cleaners Chainsaws, leaf blowers Freezers Mattresses Paints and wood stains

June

Summer begins in June, the kids are out of school and Americans celebrate Father’s Day. It’s an opportune time to shop for equipment related to home, yard and outdoor fun. Dishwashers Pressure washers Weed eaters Smartwatches, smart speakers Strollers Steam irons Blenders Cordless drills

July

Fourth of July and Amazon Prime Day are the sales holidays in July. This year, Amazon Prime Day starts at 3 a.m. Eastern time (midnight Pacific time) on July 12 and lasts 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 vast variety of stuff. With the exception of 2020, when Prime Day was held in October due to COVID-19, the event has always been held in June or July. Other big retailers also hold sales around that time. Look for bargains at Target, Best Buy, Walmart, Home Depot, Wayfair and Bed Bath & Beyond. Fourth of July is a good time to buy washers, dryers and major kitchen appliances such as refrigerators, dishwashers and microwaves. Major appliances: Refrigerators, dishwashers, washers and dryers Mattresses Microwave ovens Steam irons Dehumidifiers Gas and charcoal grills Home security cameras Strollers

August

August is back-to-school month, so it’s a great time to shop for everything from pencils to printers. To ease the financial burden, some states offer sales tax holidays on clothing, shoes and more. Check with your state taxing authority to see which items are included. As summer winds down, it’s a good time to buy bathing suits, patio furniture and other warm weather merchandise. It’s a good month for indoor furniture deals, too, as retailers make way for the next season’s inventory. Back-to-school supplies Dormitory furniture and accessories Microwave ovens, freezers Laptop computers, tablet computers, printers, wireless routers Swimsuits and summer clothes Patio furniture Indoor furniture Grills Vacuum cleaners

September

Labor Day weekend is a great time to find deals on lots of stuff, including big kitchen appliances, air conditioners and air 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 Grills

October

The fourth quarter of 2022 is likely to be the best time of the year to buy a new vehicle, says retired automotive 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 because of high prices and a lack of purchase incentives and deals chilled the 2022 auto market, but DeLorenzo thinks inventory might improve as the year winds down and dealers may be more apt to negotiate. “It might be worth waiting until the fourth quarter for the holiday or year-end sales events to buy,” DeLorenzo says. “By then, inventory may be high enough to see some incentives, if not a willingness on the part of the dealer to sell at or below 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 going to be discontinued because of slow sales may provide an opportunity to find a bargain.” Other items to look for in October include fall and winter yard-work tools. Columbus Day is a popular holiday for mattress markdowns. New vehicles Chainsaws, leaf blowers, snow blowers Smoke and carbon monoxide detectors, thermostats Cooktops, ranges Mattresses Cell phone services

November

The post-Thanksgiving holiday shopping bonanzas of Black Friday and Cyber Monday are the absolute best times of year to buy almost anything, especially TVs, computers, and small and large household appliances. TVs, headphones, wireless speakers, soundbars 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, elliptical exercisers, fitness trackers Flooring New vehicles

December

Many sales that kick off on Black Friday and Cyber Monday continue through Christmas. December is a good month to buy electronics, small appliances, fitness items, winter yard maintenance equipment and other stuff. Cameras, cellphones, computers, printers, headphones, TVs, soundbars, smart speakers, smartwatches, wireless routers Thermostats, vacuum cleaners, carpet cleaners, snow blowers, home-security cameras Toasters, microwaves, blenders, coffeemakers, cookware Treadmills, blood-pressure monitors Toys and games Electric razors Humidifiers New vehicles

Bottom line

To get the most out of every dollar you spend, time your purchases right, keep your eyes peeled for sales, and budget and save money, especially for major purchases. Consider opening a high-yield savings account to give your shopping budget a boost. Shopping online can save you money and make comparing prices and products easier – even when it comes to buying a vehicle. DeLorenzo recommends looking online for vehicles and not limiting your search to auto dealerships. “Compare vehicles not only in your geographic area but also look elsewhere in the country,” he says. “Whatever area you’re shopping, remember to put in a ZIP code. What little incentives there are usually are localized.” Note: Bankrate relied on industry experts and Consumer Reports to compile its list. SHARE: Libby Wells covers banking and deposit products. She has more than 30 years’ experience as a writer and editor for newspapers, magazines and online publications. Brian Beers is the managing editor for the Wealth team at Bankrate. He oversees editorial coverage of banking, investing, the economy and all things money.

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