Janice bought a shirt and a trouser for 1,500 pesos before Christmas. She showed it to Kim. Kim wanted one too but became busy and was only able to buy only after Christmas season. She bought the same clothes, with the same brand but with half the price. Kim showed it to Janice, they both wondered why?
If you think My Finance MD only tells you to save and not to spend, then this post will tell you to how to always buy on a discount!
Buying/spending is like math and science, it could be studied. Sales and promos have a cycle and if you know these trends, you can still save a lot when you buy stuff that you need. It’s all about knowing when to buy what you want to buy. It is anticipating the nature of people, the season of the year and when retailers give their discounts and promos.
Take a look at the infographic and the explanation below.
1st Quarter
January
Exercise equipment
A lot of people put “exercise” as new year’s resolution. A lot of fitness outlets will cut prices on these equipment whether people actually use these or not.
Clothes and Shoes. Post-Christmas sale on clothes usually extends up to January.
February
Big name HD TVs, Digital Cameras, Electronics
Sony, LG, Samsung will show their latest models at Consumer Electronics Show (CES) held every January in Las Vegas. Soon, retailers will slash the price of the previous year models to make new room for new products.
March
Chocolates. Post-valentine season is the best time to get your favorite chocolates.
2nd Quarter
April
Umbrella and Raincoats. Best time to buy because it is off-season.
May
Laptop, Gadgets, Tablets, school supplies, swimsuits.
Back to school discounts are good at this time and suppliers are competing with each other on who can give the cheaper price. Swimsuits and swimming gears are cheapest during the end of the summer, when retailers are clearing out their inventory.
June
Refrigerators, Air-condition
Refrigerators new models come out in May in the US, so last year’s models get discounted. With air-condition, it’s off-season, and retailers are getting rid of the stocks from the summer season.
3rd Quarter
July and August.
Beach Vacation packages. Off-season, off-peak, prices are cheaper.
September
Wine. It’s harvest time.
4th Quarter:
October
Appliances. Shop for the last year’s models at a lower price on this month.
November
Candles and funeral flowers
Starting second (2nd) week of November, candles are on sale to get rid of the leftovers.
December
Jewelry, Clothes and Apparel, Car and House
Immediately after Christmas is the best time to save on jewelry, clothes and apparel. They are usually on sale because a lot of retailers want to clear space for new stock. This will last up to early January.
Great discounts in buying car because new models are about to come out and they want to clear the inventory.
Houses usually go on sale during Christmas season. They offer discounts and promos during December to take advantage of OFWs returning home.
From the story above:
Kim was able to buy her clothes at half the price because during post-Christmas season, retailers have a lot of excess stocks and they needed to clear up for the coming of the new stocks for the new year. The sale usually extends up to early January.
There you go. If you plan your purchases ahead of time, you can take advantages of the sale and promos that are usually given throughout the year. Be a wise spender, so that you can get more at a cheaper price.
Reminding you to Spend wisely,
Read More:
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If you want an expert Financial advice for FREE: contact me here!
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Wow, very useful for moms like me who handles family budget! 🙂
[…] is like math and science, it could be studied,” says Dr. Pinky Intal of MyFinanceMD. “Sales and promos have a cycle and if you know these trends, you can still save a lot when you […]