What to Buy and What to Skip This August
Independence Day sales are over, and Labor Day is a month away, but you can still get great deals in August. Here’s what to buy and what to skip this month.
Buy: Back-to-school supplies.
This month, look for weekly deals on school and office supplies at big-box stores, pharmacies, and e-tailers. Think beyond school – you can stock up on a year’s worth of pens and paper for your home printer at a bargain price this August by shopping back-to-school sales.
Word on the street is that the iPhone 14 will drop in late 2022. If you’re looking to replace your phone with a newer model, you’re best off waiting before you make your purchase. When the new models hit the market, retailers will slash prices on older models to make room for new ones.
Skip: Major household appliances and other items
Need a new fridge or another major household appliance? Hold off until Labor Day, when you can find prices on brand-name appliances slashed by as much as 30%. Similarly, if you’re shopping for new mattresses, you’re best off waiting until Labor Day sales for more savings. This year, Labor Day is on Sept. 5, but sales can start up to a week before the actual date.
Buy: Wedding decor, gifts, and wear
According to the wedding magazine The Knot, the months of June, September, and October are the most popular for weddings. With August right in the middle of these months but not as popular for weddings, it can be the perfect time to pick up discounted wedding decor, gifts, and wedding wear.
Skip: Amazon devices
Amazon just hosted its Prime Day sale, so don’t expect to find any great prices on Amazon devices this month. Instead, wait for Black Friday to shop for a new Kindle, Echo device, and more.
Buy: Storage supplies
This month, you can find deals on storage supplies, such as shelving units, large containers, decorative bins, and more. Shop stores like Office Depot, Target, and Walmart, or check out online sources, like Overstock and Wayfair, for similar offers.
Use the tips outlined here to know what to buy and what to skip this August. Happy shopping! And, if you like this post make sure to check out our MoneySmart Tips Blog.