Keep Your Hard Earned Cash and DON’T Buy These Items in March
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Patience my friends, patience…
You already know what you should be buying during the month of March, but how about what not to buy in March? Typically anything that’s a new release or is known to follow a specific sales cycle is a no-go. Though retailers will try to lure you in by exclaiming, “Spend your tax return here!” read on to find out what you can wait on (and when you should buy).
This is probably a no-brainer, but bright, spring releases are fresh to shelves – meaning no retailer would bother marking them down. Yes, you’ll come across the occasional sale to encourage a spring break wardrobe restock, but wait until summer for the savings (when this inventory gets sent to clearance).
Similar to spring fashion, these are only now being released, and it’s still VERY early on in their sale cycle to consider purchasing. If you need a new bathing suit before summer is in full swing, consider purchasing at the end of May during Memorial Day sales. To max out your savings potential, wait to buy until the end of August after the peak of summer has passed.
Did your furniture take a beating over the holidays and you’re ready to replace it (I’m looking at you, cat)? Hold off just a bit longer. Any sales or savings you come across in March won’t even compare to the blowout deals furniture retailers will be advertising come Memorial Day weekend. Your best time to snag deals on appliances, furniture, or mattresses is the end of May.
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Apple is notorious for their new iPhone releases during September. Even though it’s rumored that the iPhone SE 2 may be released in the spring, your best bet is to hold off until late fall. This is when retailers and wireless carriers will offer sales or incentives on last year’s models. If you’re an Apple fanatic, check out MacRumors Buying Guide for the best time to buy any of their products.
If you’ve been wanting to upgrade your television set, mild patience will be your best ally. A big sale opportunity has just passed (a.k.a. Super Bowl Sunday) and your next shot to score some savings won’t be until the end of April. Newer TV models begin their releases in March/April, so once selling floors become too packed, retailers will clearance older models to make room.
If you’re really patient, wait until Black Friday / Cyber Monday. But if you go this route, do your research, read reviews, and make sure you match the UPC of the TV you’re purchasing to the same one you fell in love with – those insanely low-priced sets are often “watered down” versions of popular models.
As someone who recently bought a car and researched the many ways to save, don’t purchase a new model in spring. This is, legit, the WORST time of year to buy. Dealerships offer barely any room for negotiation on the newest models and know that tax refunds are hitting consumers’ bank accounts.
Plan on buying closer to the end of the car’s model year (typically around November) when dealerships start stocking next year’s model. As a rule of thumb, shop near the end of the day and end of the weekend (Sunday) for your best chances of getting a great price. Use websites like TrueCar for estimates on what you can expect to pay and Edmunds for rebates, reviews, and incentives.
Written by Emily for Hip2Save. Emily lives in Buffalo, NY where she spends her time drinking lots of coffee, scouring the internet for deals, and tackling DIY projects. She’s a big believer of self-care and living the fullest life possible, all while saving money of course.