People enjoy life hacks for several reasons, but we especially like ones that help us save money. As it turns out, websites like DealNews and Lifehacker provide great money-saving life hacks and tips on a regular basis. In particular, they’ve created a yearly timeline listing out the best times to purchase certain items. While that has been helpful, they’ve also listed specific items you shouldn’t purchase in a given month. Thus, we’re kicking off a monthly series that will help you learn what not to buy!
So we begin with January. With entire stores on sale, it’s hard to imagine this isn’t a good month to purchase anything. But as it turns out, there are some items that are not in your best interest to buy this month.
Mattresses. If you are looking to purchase a new mattress, don’t do it in January. If you can wait until February (or more specifically, Presidents Day weekend), you can see discounts of at least 30%.
Luggage. If you have a trip planned in the upcoming year and find yourself in need of some new luggage, then you should wait until March for the good deals. In January, consumers are most likely to find luggage at full price.
Jewelry. If you missed the major deals on jewelry this past December thinking you’ll be able to see deals in January, then unfortunately you’ll have to wait until the end of the summer. Deals were so big in December that retailers raise their prices back to normal starting January. They will tend to stay that way until August when retailers will start discounting in preparation for the holiday season.
Winter Sports Gear. Though it seems logical that winter sports gear should be on sale this month, the opposite is true. This month you may find some slight discounts, but they won’t be steep until after the winter season is over as retailers look to offload last year’s fashions.
Patio sets. Over the last couple of months of the year, retailers discount patio sets to clear out old inventory. January is when stores bring in new inventory to prepare for the spring and summer months, so prices will be at their highest this month.
Small Home Appliances. If you are looking to purchase a small home appliance like a coffee maker or toaster oven, January doesn’t look good for you. Deals on small appliances can be instead found in February, November and December.
Hopefully, this list will help you tide over your purchasing power until it’s more fiscally feasible for your budget. As 2015 progresses, be on the lookout for a new post each month so you can learn what NOT to buy!