Welcome to “What Do I Buy and When?” – our monthly series geared towards helping you make smarter buying decisions. Each month, you’ll learn which items retailers price to sell and which ones aren’t so you can find the best deals throughout the year. Our information is gathered from sites like DealNews and DailyFinance, places that search the retail world to find the best and worst deals. We want to help you save money!
Surprisingly, July is a pretty busy month in terms of deals. From swimwear to furniture, there are some good items that are priced to sell this month. However, there are some items to be wary of as well. Before making a purchase, check out this month’s guide on what to buy and what not to buy to keep from missing potential deals or overpaying.
Amazon Prime Day
Calling all Amazon Prime users. This is a save-the-date for Christmas in July that takes place Tuesday, July 12. Last year Amazon started Amazon Prime Day, and it was such a success that they have brought it back again this year. During this day, Prime members will have access to over 100,000 deals with new deals that pop up every 5 minutes for the entire Prime Day.
For whatever reason, deals on swimwear are big during the month of July – even more so than in August. So for those who have waited to purchase a bathing suit, July is the month to do so.
New furniture inventory is released a few times a year, with one coming up on August 1, making July a good time to purchase the current inventory (cbsnews). Retailers are more motivated to discount furniture to make room for the new inventory. The same deals if not even better apply to outdoor furniture as well.
Though we are already starting to see back-to-school commercials, it doesn’t mean it’s a good time to start purchasing school supplies. Waiting till August will provide much better deals. The same can be said for laptops as well. Consumers who can wait another month will see greater discounts in August.
While swimwear is heavily discount, the same can’t be said about summer apparel. Refrain if possible from purchasing summer apparel until at least August or September to see even better discounts.
Air conditioners are being put to the test this time of the year. Some rise to the occasion while others can’t quite make the cut. For those in need of an upgrade, this is not the time to do so. It is more cost-effective to wait until the winter months when the demand is much lower.