Waiting until just the right moment to buy something is one of the best things you can do to save money.
Bath and Bed Linens
Do you know where the term “White Sales” originated? Here’s a history lesson for you.
In 1878, John Wanamaker introduced the first “White Sale” when he wanted to increase his sales during the slow winter months and offered a discount on bed linens (which at the time were only available in white).
Thus, January is the month when department stores host “white sales” to clear out their existing inventory of sheets, towels, blankets and more. Look for bedding discounts up to 50-70% from such retailers as Kohl’s, Target, and Macy’s. Savings will be especially deep on clearance items.
Fitness Equipment / Gym Memberships
As many people have losing weight as their new years resolution, retailers slash prices on fitness equipment (even large ones like treadmills) in January to lure consumers.
For the same reason, January is usually a good time to sign up for a gym membership. Many gyms offer special rates and other perks such as no sign up fees or free personal training sessions (don’t be afraid to ask if they don’t outright offer it).
Be sure not to lock yourself into a long term agreement if you’re unsure you’ll use it for the whole year. Also, it is wise to read of all of the fine print when signing up.
Lots of people receive gifts cards during the holiday season, with many now looking to get rid of their unwanted ones for cash. Check out various gift card exchange websites to buy at a discounted rate.
Here are a few to try out:
- Raise.com (<- Get a $5 credit for using this link to sign up!)
They usually sell for up to 35% less than face value, although ~10% seems to be the norm for more popular stores. The more in demand a card is, the less of a discount you will get.
Jewelry / Watches
Business is typically slow for jewelers right after Christmas until Valentine’s Day, so you are likely to find some great deals during this time.
As far as watches go, January is, too, a better than usual time to buy. This is largely due to a variety of deals from retailers such as Amazon, Ashford, and The Watchery. You’ll likely see discounts on brands such as Casio, Timex, Movado, and TAG Heuer.
- Christmas Decorations
- Tax Software
- TVs & Electronics – just before the Super Bowl, retailers normally discount their selections of HDTVs and other home-theater essentials (such as soundbars)
- Video Games
- Winter Clothing