Purchases

Remember that quote from Benjamin Franklin, “A penny saved is a penny earned?” Although that message has received some controversy over the years, the principle behind the intention still holds true: small savings can really add up to big money over the long run. Sure a penny set aside may not amount to much these days, but implementing smart money habits, especially strategic spending techniques, can save you a significant amount in the future. There are tons of different proposed methods out there that you can read about online – like cutting out your daily latte or riding your bike or taking public transportation to work – but this article is all about when to buy what throughout the year to reap the biggest savings benefit.

If you have a large home purchase coming up, or would like to splurge on that special someone, you may want to check if it is part of a cyclical sales cycle. Although not every product necessarily falls on a purchase calendar, some items do, which could help you shop smarter and save more.

Although there are various viewpoints and opinions on this topic, we looked at several sources, including Consumer Reports (1), Nerd Wallet (2) and other personal finance blogs (3) to nail down common themes for items falling on cyclical sales cycles. If any of these items are on your upcoming shopping list, it may be beneficial to research it closer and take advantage of these optimal months to buy:

January: as holidays wind down and New Year’s resolutions begin - which can often include going on a money diet – these items may be appealing to snag early in the year:

  • Exercise equipment
  • Television sets
  • Bedding and linens
  • Noteworthy Days: Martin Luther King Jr Day/Weekend

February: the month of love (or single-awareness), these items can always work for you:

  • Television sets (still on sale… )
  • Winter products, such as snow blowers
  • Home goods, such as mattresses or humidifiers
  • Noteworthy Days: Presidents Day/Weekend

March: as spring cleaning gets into full swing, these items can help fill up some of that extra space you recently cleaned out:

  • Outdoor toys, such as golf clubs
  • Luggage
  • Grills
  • Noteworthy Days: St Patricks’s Day

April: allergies don’t need to be the only thing on your mind this month, these items may be worth your while to pick up too:

  • Vacuums/Floor Care Appliances
  • Lawn Mowers and Tractors
  • Air Purifiers
  • Noteworthy Days: Tax Day, Easter

May: for many, this month marks the “unofficial” start to summer. Snag some of these deals before the real rush of schools-out-for-summer begins:

  • Gas grills and barbeque tools
  • Roofing, Siding and Decking Materials
  • Exterior Paint and Wood Stains
  • Noteworthy Days: Memorial Day Weekend, Mother’s Day

June: as summer now officially gets underway and students are out for summer, these products can enhance your life in one way or another:

  • Pressure Washers
  • Smartwatches
  • Gym memberships
  • Noteworthy Days: Father’s Day

July: Happy Birthday America! These deals can enhance and support your American lifestyle:

  • Apparel, such as jeans and winter coats to beat the rush later in the year
  • Personal electronics
  • Microwaves and dishwashers
  • Noteworthy Days: 4th of July, Amazon Prime Day (although not an official holiday, 7/16 has exclusive deals for Amazon Prime members)

August: back-to-school is on and this month it’s tied back to office and school supplies for a successful and productive year ahead:

  • Laptops and Tablets
  • Headphones
  • Printers

September: as summer officially comes to a close and fall quickly approaches, sneak these items in when it may not be top of mind for others:

  • Lawn Care Equipment
  • Cars
  • iPhones
  • Noteworthy Days: Labor Day

October: to accompany costume and candy shopping, these items can be picked up for some spook-tacular savings:

  • Interior paints
  • Snow blowers
  • Outdoor furniture
  • Noteworthy Days: Halloween

November: while gratitude and thanksgiving are priceless, you have a good chance of finding these items on sale:

  • Home Appliances, such as refrigerators, blenders and coffee makers
  • Fitness Trackers
  • Gaming Systems
  • Noteworthy Days: Thanksgiving (along with Black Friday and Cyber Monday for deals)

December: as you are out holiday shopping for your list, don’t forget about yours truly. The end of the year can often bring super savings to move merchandise (or gain tax benefits) before the end of the year:

  • Real estate
  • Gift certificates, specifically restaurants
  • Cars
  • Noteworthy Days: Holiday Shopping (especially after Christmas before New Years)

To take it one step further and look even more granular, there are also trends of optimal days per week to buy certain items. Here are some examples:

  • Monday: spa and salon services
  • Tuesday: airline tickets
  • Wednesday: groceries
  • Thursday: museums and amusement parks
  • Friday: wedding

Although these items may shift or change as trends typically do, it is important to be mindful and anticipate your large purchase items coming up. With so much information readily available online and at your fingertips, doing your own due diligence to ensure you’re buying the best products, at the best time of the year can result in significant savings.

Just like smart homes, smart shopping can affect your lifestyle and significantly impact your spending. How you actively manage your budget and spending may be different from your peers, but the key is to find what works for you to remain in control of your financial situation. Cyclical sales cycles is just one smart strategy to take advantage of to achieve financial independence. Happy Shopping!

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(1) https://www.consumerreports.org/shopping/best-time-to-buy-things/
(2) https://www.nerdwallet.com/blog/shopping/what-to-buy-every-month/
(3) https://www.bradsdeals.com/blog/best-time-to-buy-everything
(3) https://www.rd.com/advice/saving-money/the-best-time-to-buy-cheap-finds/