Who doesn’t love a good deal? When it comes to shopping, the early bird doesn’t always get the worm. A little bit of patience goes a long way, especially if you’re trying to budget wisely and save money.
January is a time for new starts, and with it comes new financial habits. What better way to start off the year than by shopping smart? With so much overspending during the Christmas season, the New Year is the best time to make a positive change with your money. The Commonwealth Bank found that the average Australian spent around $573 during the holiday season. With numbers like that, it’s time to start saving and looking for ways to cut costs after January shopping.
Beyond finding discounts on Christmas candy, you can also snag a lot of valuable products and services for less during January shopping. Here are our picks for the best things to buy in January.
1. Gym Memberships
This one comes as no surprise. With all of the excitement from the “new year, new me” mentality, gyms across the nation are looking for ways to attract newly motivated gymgoers.
Getting fit is the most common New Year’s resolution after all, so it’s no wonder that now is the time to sign up for that membership or fitness class.
It’s buyers choice right now. You’ll find annual fees waived, free trials, and discounted rates offered to new members throughout the rest of January and the beginning of February. However, don’t jump on board too quickly. It’s always smart to read your gym contract carefully. Some gyms might start with a low introductory rate only to hike up the costs in a few months.
If you’re not sure that a traditional gym is right for you, now’s also a great time to pick up some new gym equipment for your home gym. Many sports retailers are offering great deals and discounts on at-home equipment like dumbbells and yoga mats. Get your health and your wallet in shape at the same time!
2. Electronics
While you can find great deals on electronics on Black Friday, that’s not the only time of year to shop for things like laptops, computers, and smart devices. After holiday shopping comes to a close in January is when the annual Consumer Electronics Show is hosted, which means big-name tech companies will be announcing their latest models and rolling out new products.
We all know what happens when newer models are announced. The prices for the older model are reduced. This is good news for those of us looking for discounts on quality gadgets. Now is the time to get that fancy new TV—just maybe opt for an older model.
3. European Travel
While it’s currently peak tourist season in Australia during January, that doesn’t mean you can’t take your own holiday overseas. Because of the swapped seasons, Europe is currently in the middle of winter. If you don’t mind packing a coat for Paris or Barcelona, it’s the perfect time of year to book your trip on a budget.
Costs are down not only for airlines but also for accommodation. No matter where you want to go in Europe, the prices will certainly be more affordable than they are at other times of the year. Where will you be off to next?
4. Bedding & Linens
During January, many popular bedding and linen stores, as well as department stores, host what’s called “white sales.” This means you’ll find major discounts on sheets, comforters, pillows, and towels. This is a long tradition stemming back from 1878 when John Wanamaker, an American merchant, pioneered “white sales” as a way to increase sales for white sheets.
Don’t worry, you don’t have to buy white linens only! You can find up to 60% off at many popular retailers and outlet stores, so now’s the best time to snag a new pair of sheets or a fresh duvet.
5. Toys
Finally, after holiday shopping is over, toy stores and department stores have to get rid of all that extra inventory they didn’t sell during Christmas. This leads to some steep discounts. Toy stores are always getting newer products, so they’re gearing up to make space for the latest and greatest.
A great money-saving tip is to stock up on toys to use as gifts throughout the year. Grab a few discounted toys now and have go-to options for birthdays or even next year’s Christmas gifts. Quality, new gifts at half the cost of pre-Christmas prices are always a win!
Save Big After January Shopping
Who said there was only one time of year for savings? If you want to start your New Year off right, start by saving big during January shopping. This month is full of major savings on everything from toys to gym memberships. Start your own healthy financial habits today by practicing mindful spending and waiting to buy the things you want at a lower price.
Do you need more help starting your New Year off on the right financial foot? If so, Debt Busters is here to help you break free from debt and reclaim your financial wellness. Speak to a qualified expert today on 1300 368 322 to create a strategy that’s right for you.