Save money in January! Looks like the best time to shop is after the holidays.
Updated 8:00 AM CDT, Wed, Jan 5, 2011
Consumers rushed to get gifts just in time for Christmas, but what many may not realize is that the best time to shop is after the holidays.
“The best prices are found in January and if you can wait on shopping for yourself, gifts or travel, you can potentially save more money,” says dealtaker.com
10 Best Post-Holiday Deals:
·Credit Cards: January means lots of balance transfer and interest rate deals, which means great offers. If you’re not interested in switching cards, call your issuer with a few offers in hand to see if it can meet or beat them. Usually, the threat of transferring your balance to another lender is enough of an incentive.
·Appliances and electronics: There will be plenty of low-priced small appliances left. Major appliances and electronics are also often discounted in the New Year to make room for new models. TVs become cheaper throughout January leading up to the Super Bowl.
·Last-Minute Travel: After the heavy travel in December comes a lull in January when most families stay home. During these dead weeks in January, prices drop significantly. Places like ski resorts and the Caribbean offer deals for a fraction of the regular price.
·Gift Cards: In addition to the post holiday sales and gift card redemption discounts, a $100 gift card can carry 25% to 50% more buying power. However, should you receive a gift card from a mom’s and pop’s store, don’t wait too long to use the gift card as the fate of smaller stores is still uncertain as is the unprotected balance of your gift card.
·Sparkling Wine: Partiers aren’t spending as much money on sparkling wine after the hit their wallets took on New Year’s Eve. With this knowledge, wineries cut prices dramatically through early January to compete for business. Buy now and drink later!
·Anything on eBay: Unwanted gifts are unloaded after the holidays and with the increased amount of competitive listings, buyers can find great deals on the most popular holiday gifts.
·Winter White Sales: Retailers clear out the cold-weather bedding, towels and home goods to make room for spring linens. In the market for a down comforter? Now is the time to buy!
·Clothes: Look for the best deals at major department stores such as Macy’s, J.C Penney, Lord & Taylor and American Eagle. All winter items will be marked down as retailers want it pushed out.
·Chocolate and Candy: Everyone knows to buy candy and chocolate the day of Halloween of Valentine’s Day, but after-Christmas is smart as well. Stores like Godiva have huge sales right after Christmas since all the chocolate has already been made in preparation for the holidays.
·Swimwear: Planning a spring break trip? Now is the time to shop for swimwear. While it may seem odd, the early deals on next season’s items are here. Buyers will begin seeing promotions on bathing suits in January.
First Published: Jan 5, 2011 7:52 AM CDT