May brings with it with countless reasons to celebrate.
We’re finally into the warmer weather months, mothers are celebrated, and we remember all those who served our great country. We also fire up the grill, put out the lawn furniture and start planting our flowers and vegetable gardens.
But what’s a good deal in May and what should you stay away from?
Here’s the list of the what to buy, and not to buy in the month of May:
1. Caribbean Vacations
Just like last month, Caribbean vacations are still a great deal in the month of May. May is smack dab in the middle of the shoulder season between peak and the lull in tourist traffic. May makes it a great time to visit because it’s just before the start of the hurricane season and although warm, it’s not intolerable. Fewer travelers will prompt hotels to offer discounts ranging from 50-65% off regular rates.
Jewelers have stocked up for the onslaught of people who will be looking to make mom happy, happy, happy on Mother’s Day. But the best deals, up to 70% off, will occur after Mother’s Day when stores will want to rid themselves of excess inventory.
Need a mattress? You’ll score big with the onslaught of retailers slashing prices on mattresses. Some experts predict saving up to 70%
This is just the first Memorial Deal you’ll see in the month of May.
If you’re in need of a new refrigerator, retailers typically offer huge discounts around Memorial Day. They also roll out their new models in May, prompting deeper discounts to sell off old inventory. Either way, you can end up seeing 60-80% off certain models.
5. Party Supplies
Graduations, weddings, showers, summer parties and the like, party supplies are stocked up and ready for the party to begin. These supplies will be price slashed right around Memorial Day to ensure they don’t have an over abundance left over in stores. Great time to stock up for next years parties too.
6. Spring Clothing
Summer clothes are getting rolled out in May so stores and retailers are going to want to get rid of their spring line as quickly as possible. Retailers will slash prices to give you an incentive to buy the spring clothes that are hanging on racks. Expect discounts of 40-80%.
Here’s what you’ll want to stay away from in May:
Dealers understand how badly some of us want to be out on the water, and will force us to pay full price for the privilege. If you can avoid it, wait till another time to purchase this recreational vehicle.
Waiting just a couple of months, when ‘back to school’ sales kick off will save you lots of money. If you can wait to replace that fossil of a computer, you’ll save big in July.
3. Swim and Summer Apparel
Swim and summer clothing is just getting rolled out in May and as such will be much more expensive than if you wait until the end of the summer. August and September will have the best deal on summer attire.
4. Anything For the Outdoors
Grills, patio furniture and lawn mowers will all cost more money if you purchase them in May. Yes, some stores will be offering sales, but your biggest and deepest discounts will be later in the summer, when retailers need to make room for snow blowers. If you can wait, you’ll be better off.
Saving money all year long sometimes comes down to knowing when the best deals are available.
Avoid paying full price for summer related items and save money in May by making the right purchases for you and your family.