After eight years of Democrat “Rule”, everything is cost more than last month. Not just a little more, but a lot more. When the Obama Administration took over, even gasoline was only $1.69 per gallon but now after seeing highs over $4.00 a gallon, it is still sitting at over two bucks. Increases are just as bad, if not worse as you realize every week you go to the store and spend more money for the same thing if not less.
But as the summer season starts to wind down, you’ll no doubt find lots of discounts from retailers that are trying to clear their shelves to get ready for Christmas stock. But that doesn’t mean you’re going to score a great deal on everything. In fact if you’re not careful you could find yourself getting stuck really good for some items.
Just remember, there is always a good time to buy something and a terrible time to purchase the same items. Summer is no exception to that rule. Whether it is football memorabilia or a new cellphone. Here are some things you really don’t want to buy next month because they are going to be more expensive:
- Winter Clothing
You would think it would be cheap, but the fact is that as we get into August and to the back-to-school and holiday season, stores start to put out fall items, straight from the designers. That means they are the latest styles and as a result you’re going to pay to be a trendsetter. If you can wait until just after Christmas to purchase these items.
- School Supplies
This is a real trap. As we all know, August is the month for back-to-school supplies shopping. Sales are easy to find, but the prices might not be as low compared to other months. Retailers know you’re looking for deals, so they give them to you in the form of “lost leader”, items designed to get you in and spending so they can gouge you on other items. Shelves will be stocked with inexpensive goodies like pencils and paper to get you in the door. But retailers count on you to also purchase full-priced items with high profit margins, like high-tech binders, graph paper and computer memory sticks.
You should try to keep a supply of basic and inexpensive school supplies, like paper, pens, pencils and binders that you bought in bulk to get you through the first few weeks of school. Wait to buy the rest of your school supplies in September, which is typically the best month to score rock-bottom prices on this stuff.
- Amusement Park Tickets
August is probably the worst time to purchase tickets to a theme park. The management companies know that this is the time when most people are trying to squeeze in that last minute vacation you been promising the wife and kids and you’re going to pay for it. Typically, theme parks are the most crowded when kids are out of school. But, during late August, the week of Thanksgiving, spring break and the winter holidays will cost you most. It’s not that the companies are grinches, but they know you promised the kids so you’re going to pay for it.
Not only does this put a major dent in your wallet, but it can also increase how much time you have to wait to go on a ride. So you’re paying top-dollar to visit the park, but getting less value because you have to spend so much time waiting to see the attractions. A good rule of thumb is that if the kids are out of school, you stay out of the theme parks.
- Outdoor Furnishings
Unless you have a late summer wedding coming up, don’t plan on buying that new patio set until after Labor Day. It might seem like a good time to buy new patio furniture, but retailers usually wait until September to really drop prices. Always check local small dealers for discounted outdoor furniture before buying.
Stay away from electronics especially Televisions at least until November whe the Christmas specials start or you could end up paying as much as twice what you can get it for later in the year. Experts say the best deal is a 55 inch or larger flat screen for about 500 dollars. And for the record, the odds are in your favor if you don’t spend the extra for a Maintenance policy on it. Industry figures so a failure rate on almost all brands of less than 1 in 20,000 and over half of those occurred in the first 90 days.
- iPhones and iPads
August is a terrible time to upgrade your Apple devices because the company usually unveils their upcoming models in September or October, reported DealNews. This means the price on an Apple device purchased in August will immediately begin to lose value in the coming weeks and months.
If you’re in the market for a new iPhone or iPad, either purchase it earlier in the summer or wait for deals on older models in the fall.
If you’re looking for a new pair of wheels, don’t purchase it in August, There is still 6 to 10 weeks of bike riding weather ahead of us and retailers know this. It is best to wait to purchase bicycles until closer to Christmas or even after the first of the year. Selection may be somewhat smaller, but so are the prices.
I hope this has been some help to you, because with the way the economy is we can all use as much help saving money as we can get.
Yahoo News contributed to this story.
©2016 R. L. Grimes