Best Time To Buy Anything | Bankrate

News

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, except where prohibited by law for our mortgage, home equity and other home lending products. 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 of 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, so knowing when to buy is a key to saving money. Holidays — and sometimes the days before and after them — are often the best time to find certain deals. Seasons also play a role in when you’ll find the best prices on specific items.

A savings account that earns a competitive yield is a good way to build up the cash for your planned purchases — and to earn some interest on your money.

Here is a month-by-month guide for the best times to buy a variety of goods, along with how much consumers spent on these items collectively in 2023, according to the U.S. Census Bureau. Also included for each month are one or more freebie days, on which you may find establishments giving out complimentary items such as coffee, ice cream, cookies and more.

Shopping for top deals: The statistics

Inflation has been cooling, yet prices on many goods and services remain elevated, along with borrowing costs. In the months leading up to the 2023 winter holidays, 33 percent of holiday shoppers expected inflation to impact their shopping habits, a Bankrate survey found.

Common strategies consumers use to save money include waiting until things go on sale and seeking out promo codes, coupons and deals.

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.

Presidents Day weekend is when mattress deals abound. February is also a good month for furniture sales. 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 mid-April filing deadline.

February sales holidays in the U.S.

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 indoors 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.

March sales holidays in the U.S.

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 formalwear during high school prom season.

April sales holidays in the U.S.

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.

May sales holidays in the U.S.

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.

June sales holidays in the U.S.

Fourth of July and Amazon Prime Day are the sales holidays in July. 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 items.

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

July sales holidays in the U.S.

August is a great time to shop for back-to-school items, and some states offer sales tax holidays on clothing, shoes and more. 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.

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

Items to look for in October include fall and winter yard-work tools. Columbus Day is a popular holiday for mattress markdowns.

Historically, the most discounted months for car sales have been October through December, according to Edmunds. However, the car shopping guide reports that there might not currently be a “best time to buy” cars, due to the ongoing semiconductor chip shortage causing record high prices. It states that deals will likely fall back into the historic seasonal patterns when the car market becomes stable once again.

October sales holidays in the U.S.

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.

November sales holidays in the U.S.

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 and winter yard maintenance equipment.

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

Leave a Reply