We are fast approaching the busiest shopping season of the year. I’m sure you’re already thinking up gift ideas, and maybe even scouting some prices. Many of you are probably also gearing up for Black Friday and Cyber Monday, both of which can offer some great bargains for holiday gifts. However, not everything is a bargain in November. Here are some things that you should buy, and some that you should not.
What to Buy
Appliances: New models will soon be hitting the stores, so November will typically see deep discounts on major appliances like refrigerators, ovens, washing machines, etc.
Cookware: Just in time for those big holiday meals, prices on pots, pans, and small appliances will likely be heavily discounted this month, including Black Friday.
Tools: Winter is typically a great time of year to find deals on tools. Not a typical gift item, but they will get the holiday sale treatment.
Wedding Dresses: The summer months are the most popular time to have weddings, so the off-season starts in the fall. Budget-conscious brides-to-be can find a great deal on a gown starting in November.
Candy: Immediately following Halloween, you will see all of that holiday-themed candy on sale. The discounts can sometimes be up to 50% or even 75% off. Stock up now for some sweet treats for the holiday season, or look for dessert recipes that call for candy.
What Not to Buy
Winter Apparel: When it comes to buying seasonal clothing, you should wait until the end of the season if possible. Right now, stores are clearing out their fall products and bringing in brand new winter gear, and it will be at its highest price. Wait a few months to purchase those boots and coats.
Toys: You know that the sales are coming at the end of the month, and toys are some of the most highly discounted items come Black Friday. Wait until then to shop for the children. Discounts will continue throughout December as well.
Electronics: Right up there with toys, electronics like computers, TVs, and mobile devices are some of the most highly discounted products of the holiday season. They also follow the same pricing pattern. Wait for Black Friday and Cyber Monday to purchase these items for the best deals. December will also see deep discounts for electronics.
Jewelry: If possible, wait until after the holidays to make a jewelry purchase. This is a popular time of year for marriage proposals and jewelry gifts, so the stores aren’t competing too hard for the business. If you’re budget is a little tight after the holiday season, then wait until spring for better deals.
It may be the busiest shopping season of the year, but many consumers are looking to save money around the holidays and work towards getting out of debt.
For more help with your holiday shopping, visit the Holiday Budgeting section of ConsumerCredit.com.