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The Best Time To Buy Different Things To Save Your Money

The Best Time To Buy Different Things To Save Your Money

During the year, there are best times to take care of buying and acquiring products or items cheapest. According to experts such best times to buy are defined by market trends, not simply timing alone. So here we have created a comprehensive guide to take advantage of when to buy and what to buy cheapest.

January

Gift Cards: everyone are trading their unwanted cards at this time of year for cash. Clothing: after the holidays there are mad sales going on in stores. Furniture: since most companies release new products in August and February, they will be making a general clearance in January. Broadway tickets: after slower months in winter and fall, Broadway offers discounts in January.

February

Televisions and Home Theaters: it will be great to snatch a good deal before the pre-Super Bowl sales. Cellphones: the valentine season affords an opportunity for cellphone sales to become cheaper.

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March

Frozen Foods: the National Frozen Food Month offers an opening for frozen products to get cheaper. Golf Clubs: since new golf club will be coming out for summer, local golf shops will be endeavouring to sell the older ones in February.

April

Sneakers: take advantage of spring sales as the weather gets warmer

May

Mattresses: spring is the best time to pick a reduced price of mattresses Refrigerators: since newer models of refrigerators come out in May, this is a period to get discounts for older models of refrigerators.

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June

Gym equipments and memberships: during this period members are more inclined to take advantage of warmer weather for working out. Kitchen Accessories and Cookware: everything kitchen related becomes cheaper because graduations are coming up and wedding season heightens.

July

Video Games: since many people wait for their desired games go on sale months after they have been released, many tend to take advantage of the online sales that goes on in July. Home Decor: the wedding season provides lots of home decor to be on sale.

August

Swimsuits: the end of summer offers the best discounts for swim suits. Kids Clothing and School Supplies: as kids go back to school, August and September offer the best discounts for sales of school supplies and kids clothing.

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September

Bicycles: In September newer models are released into the market, this is the best time to catch super cheap deals for last year’s models. Cars: when new cars come out at the end of summer, it will be the perfect time to buy older models. The price can be haggled and save you some money. Wine: thanks to harvest time, September offers the best period to stock up on cheaper wine. Holiday Airfare: buying airplane tickets months in advance will add to making September the ideal month of visiting friends and family

October

Appliances: during the fall you have the opportunity to cash in on last year’s models and lower price. Jeans: the back to school and holiday shopping season offers you an opportunity to buy left over items, so take advantage of the rush and get yourself some pair of Jeans Patio Furniture: as holiday season wraps up, this is the best time to get on cool deals for patio furniture before they go away.

November

Candy: you may ask yourself what candy is doing here but can you believe Halloween offers you the opportunity to walk into any grocery store and stock up the candies that you thought were out of stock? Appliances: during November you have the best prices in the sales of appliances.

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December

Golf Clubs: during the off season, golf clubs become cheaper. Champagne: demand is so high during December champagne companies are forced to compete with each other on prices. Whether you buy your items monthly or not, even during the week you can take advantage of cheaper goods. Buying items like gas will be favourable on days like Wednesdays or Thursdays when drivers and travellers are well anticipated to peak travelling, Jewellery can be best bought on Wednesdays when people to tend to shop for it more. Always be selective about the period you make your purchase of goods and embrace the cheaper style of buying.

Featured photo credit: http://compfight.com/ via compfight.com

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Published on September 17, 2018

How Being Smart With Your Money Leads to Financial Success

How Being Smart With Your Money Leads to Financial Success

Achieving financial success is not something that just happens. Maybe if you win the lottery or something, but for the average person like you or me, it comes from a series of small steps you take over a long period of time.

With each step, you form a new smart money habit. And with each smart money habit, you build towards financial independence.

So what sort of habits can you form to get on that path? Let’s take a look at smart money habits you can start today to get you closer to a financially independent future.

1. Avoid being “penny wise but pound foolish”

It’s tempting to try saving a couple cents here and there when buying small items. However, that’s not where the real money is saved. You’re putting in extra effort for something that doesn’t move the needle.

You get the most bang when you’re able to cut down on your bigger bills. For example, finding a lower interest rate for your mortgage could save you $50+ per month. And cutting your transportation bill by purchasing a cheaper car or taking public transportation can provide large gains as well.

So, look at your recurring expenses such as housing, transportation, and insurance, and see where there’s wiggle room. It’s a much better use of your time than trying to pinch pennies here and there on smaller purchases.

2. When you want something big, wait

Impulsivity can get you in trouble in most aspects of life. Finances are no different.

It’s human nature to see something and want it right then and there. It starts as a kid in the checkout line at the grocery store, and it continues on through adulthood.

We get an idea in our head of something we want, and it’s hard not to go out and get it right then.

A good example is wanting a new car. Perhaps you’ve had your car for several years. It’s crossed the 100k mile mark. Maybe maintenance is due, and you’re annoyed that you need to replace the timing belt or purchase new tires.

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So, you get the itch.

You start digging around online, and you realize you could trade in your current car for something newer and more exciting… all for a few hundred bucks a month. Then you get obsessed.

Here’s where you have to take a step back.

Your newfound obsession is clouding your judgement. Rather than giving into the impulse, wait it out.

Set a timeframe for yourself. Maybe you come back to the decision three months down the road. See if the obsession lasts.

It might, but often, a funny thing happens. Often, you forget about it. And often, you find that the new car wasn’t a need at all.

The impulse faded. And you just saved yourself a ton of money.

3. Live smaller than you can afford

You finally get that big raise. And you want to celebrate – and why not?

You’ve been looking forward to this forever. And after all, it was all due to your hard work.

That’s fine, splurge a little. However, make it a one-time deal and be done.

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Don’t get caught in the trap that just because you’re now making more money, you should spend more.

Too often, people get more money and feel like they that gives them the means to buy a bigger house, a bigger car… you know the drill. Resist.

The fact is that living smaller than what you can afford is one of the fastest ways to build savings.

But if you constantly upgrade as you begin to make more, then you’ll never get ahead. You’ll just build up more debt along the way and have just as little wiggle room as before.

4. Practice smart grocery shopping

Food… it’s one of the biggest portions of any budget. And if you’re not careful, it can be one of the biggest drains on your wallet.

But luckily, there are a few things you can do to ensure that you stay smart with your money when buying groceries.

Create a grocery budget

Set a strict weekly grocery budget. When you know how much you can spend on groceries, you can then plan your weekly menu around it.

Once you know what all you need, you can go shopping and keep a running tally as you shop to ensure you’re on track.

I tend to do this in my head, rounding for each item. However, writing it down as you go would probably work best for most people.

Make a list… and never deviate

Never go to the grocery store without a list. If you go to the store with a ballpark idea in mind, you don’t have a true ide of what you need.

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You’re not well-researched. You don’t know what the sales are. As a result, you’re going to make decisions on the fly.

These impulse decisions will lead to overspending, which will derail your grocery budget.

Eat before going grocery shopping

It’s also important to eat prior to going to the grocery store. Hunger is a powerful force.

If you’re shopping on an empty stomach, everything is going to look good. In particular, you may find a lot of ready-made, processed snacks will look enticing.

After all, you’re hungry now and that food is easily available. So subconsciously, you may lean towards those items.

Unfortunately, not only are those items typically less healthy, but they’re likely more expensive. You pay for convenience.

However, when you eat prior to shopping, then you’ll shop with a clear mind. Your hunger won’t cloud your judgement, influencing you to make poor decisions like a cartoon devil resting on your shoulder whispering in your ear.

This makes it much easier to stick to your grocery plan.

5. Cancel your gym membership

Now that you’re all set on your food, it’s time to get smart about managing your budget in terms of physical fitness. And let’s begin by avoiding the gym. The gym bill, that is.

The average gym membership costs around $60 per month. That’s $720 a year.

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Yet, two out of three gym memberships go unused. That means two-thirds of people who have a gym membership are literally giving away almost a thousand bucks a year. It’s crazy!

I recommend seeking an alternative. One good alternative is to look into fitness streaming services.

Streaming services allow you to stream hundreds of workouts like Insanity and p90x, right in your own home for around $10-20 a month. That’s $40-50 less a month than the average gym membership.

Of course, then there’s the free option. The internet is full of free workouts that you can do on your own with minimal or no equipment.

For example, there’s the Couch to 5K program, that I personally used a decade ago to ease myself from couch potato to running my first 5K race. If I could do it, anyone could.

Then there are free resources like reddit that have limitless information on workouts. The Fitness subreddit has done all the research for you, populating workout tips and detailed workout routines for anyone to use in their wiki.

There are several routines that require no equipment. And you can join in on the subreddit to become part of the community, making it easier for those seeking comraderie and encouragement in their fitness goals. All for free.

It’s baby steps… And baby steps can start now!

I’ve never met anyone that can’t stand to be a bit smarter with their money. And on the flip side, anyone can get smarter with their money. But remember, it doesn’t happen all at once.

Begin by fighting your impulses. Prepare for the week and be smart at the store. And cut monthly expenses like gym memberships that are overpriced and you probably aren’t getting your money’s worth out of anyway.

The devil is in the details. And the details can change your lifestyle and prep you for a financially independent future.

Featured photo credit: Unsplash via unsplash.com

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