What to Buy and Not Buy in January
Did you spend too much on Christmas presents? Are Christmas gift cards burning a hole in your pocket? Regardless which side of the fence you fall on, frugal shoppers will find plenty to buy in January. This is an excellent month to stock up on items like linens or to make big purchases like a name-brand HDTV.
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Christmas/Holiday Items and Winter Apparel.Starting the day after Christmas, holiday items take a nose dive and continue to fall throughout January. By now you should be seeing prices at least as low as half off, but the selection is dwindling fast. Still, if you're deciding what to buy in January, consider stocking up on wrapping paper, ornaments, cards, and the like to stash away for next year.
Unlike leftover Christmas gear, winter apparel prices probably won't be at their lowest in January because demand remains relatively strong. That said, retailers begin marking down winter gear this month to make way for spring looks. The cheapest prices will show up in February and March.
Electronics.Starting in November with Black Friday, electronics begin their downward price spiral. While November and December see huge discounts, buy in January for the best deals. The Consumer Electronics Show takes place early this month, which causes last year's models of HDTV's and digital cameras to hit the super-clearance aisles. Deal News has reported that prices on select dual core desktop replacements dropped below average for the month. One thing to hold out for, according to the site, is Microsoft's Surface RT tablet. It debuted to lackluster reviews and a hefty price tag of $499, but give it a few months and you may start to see deals worth checking out.
Linens.January is historically the best time to buy linens and towels given the "white sales" that pop up all over. That said, in recent years June has actually surpassed January in linen and towel sales. But they're good items to buy in January if you don't want to wait another six months.
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Home Fitness Gear.A gym membership is not the thing to buy in January. Getting in shape is a popular New Year's resolution and the local gym has no lack of new members. But for frugal shoppers looking to score a deal and kick their fitness levels up a notch, home workout gear is a good buy in January. If you're outfitting an entire home gym you'll find bargain prices on exercise equipment. Or, if you just want to follow along with a fitness DVD after work, these too will be on sale this month.
Luggage.Are you dreaming about your summer vacation as you trudge through the snow? Don't get carried away. Sure, you can start looking at cheap flights and drooling over tropical destinations, but the truth is luggage and travel gear won't be on sale this month or in the near future.
Furniture.January and July are the best times of year to buy furniture. Why? Because new models are released in February and August, meaning retailers start discounting old models the month before. Need a new sofa or dining set? Plan to buy one in January.
Seasonal Produce.Starting a diet in January may be another one of your New Year's resolutions. Stick to it with these fresh and cheap in-season vegetables: beets, Brussels sprouts, cabbage, cauliflower, celery, kale, leeks, onions, and parsnips. Add some sweetness with these healthy, seasonal fruits: clementines, cranberries, grapefruit, pears, pineapples, and pomegranates.