For all your online business building info! , 2020-05-30 10:20:19
Time your Purchases to Save Money
Everybody knows that if you want to spend less, you should wait until the products you want are on sale. What you need to know is that almost all products have a discount season. Below you’ll find some examples of how to time your purchases to save money.
1. General Rule
Before we give some example of products we start with the general rule when to buy. You should buy when demand is low or supply is high. For instance: clothing is cheaper when it is “out of season ” (demand is low). Certain fruits are cheaper when they’re “in season” (supply is high.) This is the general rule you should remember is you want to save money on your purchases.
2. End of Season
In most cases you can find good deals at the end of season, because the retail businesses inventory is usually ahead of the actual season. Which means that they buy early to be ready for the next season and this means that “out of season” product get cheaper, because they want to get rid of their “old” inventory before this season is over. Example: winter coats in January and February (they are getting ready for the spring/summer sales.)
Some other examples: sporting goods at the end of a certain sport season. Swimsuits in September. Gas grills or patio furniture after Labor Day. Chocolate and flowers after Valentine’s Day. Christmas cards in January. End so on.
3. Old Inventory
Retail business always want to get rid of their “old” inventory. Some examples when this “old” inventory becomes cheap: furniture in July and white sales in January.
4. Back to School
Of course you can find some good deals during the back-to-school retail blitz in August, but certain things (for example clothes such as jeans) you can buy cheaper in September and October. Another thing to do is to buy certain school supplies in bulk and at the end of the season when they are on sales. (For instance buy enough paper for two school years.)
For electronics you have to remember this rule: electronics become cheaper when the new models come out. And the good thing is that in most cases there is almost no difference between the older and new models. So why not buy the “old” and cheaper model TV, computer or cell phone and save some money.
Buy sneakers in April or November.
You might dream of a June wedding but a winter one might mean more cash for the honeymoon.
8. Grocery Shopping
Store sales often start on Wednesday but coupons to match some sales don’t come out until the Sunday newspaper circular. Stacking coupons with sales leads to the best deals. Also in some stores a lot of items go on sale a couple of hours before the week ends.
Always buy a car after the new model has come out. In general you can save 15 to 20 percent on previous year’s models. Remember that a lot of salespeople need to make certain quotas at the end of the month, so this is a good time to buy a car.
This are just some examples of timing purchases to save money. Please leave a comment if you can think of other examples.
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