Best things to buy in May
May isn't just about Memorial Day sales, although there will be good ones. It's a great month for deals on mattresses and outdoor gear. For grills, wait a bit.
This guest post comes from Lindsay Sakraida at Dealnews.
It's easy to know that you're getting the best deal around when shopping through Dealnews, but sometimes you want to plan for purchases in advance. So, to help you out, we've mined our archives of product prices, sales and coupons to see what consumer goods are best buys throughout the month of May.
While every month features its own unique deal fluctuations, we often see overlap across months, especially when they fall within the same season. As such, some of the advice for May might sound familiar if you've diligently followed the April guide. That said, May has some unique shopping characteristics to take note of, like stellar Memorial Day sales later this month. So dive in and brush up on the best and worst things to buy in May.
Oftentimes, stores want you to believe that every holiday weekend will feature some of the deepest discounts, but that isn't always the case. However, as an almost midyear sale, we found that Memorial Day weekend tends to have some of the most exceptional sales since January. You'll see the ubiquitous sale ads, but where these promotions truly become money-saving is in the plethora of stacking coupons we find on those already-discounted goods. Look to your favorite apparel and home goods stores for special holiday promotions. And in particular, keep an eye on department stores, nationwide apparel retailers, and home stores like Pottery Barn and West Elm.
Late April was an excellent time to start shopping for spring clothing deals, but the discounts really heat up in May, where you could find cuts of up to 75% off. And if you want a particularly strong discount, try holding out until Memorial Day weekend for those aforementioned stacking coupons. (Post continues below.)
Sleep easy with mattress deals
May is generally a good time to find a deal on a new mattress and, indeed, for the past two years the sales we saw on mattresses had deeper discounts in May than in April. So far we've seen items at Sears, for example, hit about 60% off after all discounts, which we anticipate improving in May and potentially spilling into June. Keep in mind, however, that last year we saw excellent discounts on mattresses around Black Friday and Cyber Monday, so you'll have another opportunity to cash in on strong deals later in the year, too.
Last month, we suggested that shoppers buy their Mother's Day gifts early to get the best deals possible. But, if you still haven't bought Mom that perfect gift, consider avoiding the traditional. That's because, for the past two years, we've seen a lot of jewelry styles actually increase in price at the beginning of the month, so you may not be getting the best value possible if you go that route.
We mentioned it last month, but it's even more pertinent as the weather truly starts becoming dreamy: Hold off on buying a grill, regardless of whether it's charcoal or gas. We see an increase in Editors' Choice offerings in June, so you'd be better served shelving your buying plans for another month. You can also wait until after the Fourth of July when we'll see a wealth of grill models featured in summer home sales.
We begin to see an influx of deals on home office furniture -- desks, shelving units, and padded chairs -- in May. If you can hold out until June, though, a majority of those items will likely see their all-time lowest price points of the year. If you want to update your home office, look to OfficeMax, Staples, Office Depot, and Wal-Mart for the best offers.
Breathe in the fresh spring air and get active outside with a plethora of deals on camping and outdoor gear from stores like REI, Gander Mountain, and Altrec. Look for hiking, fishing, and camping accessories to hit appealing prices.
When the weather is warm enough to run or exercise outside, you have more ammunition to haggle a good deal from a gym that's looking for ways to encourage people to work out indoors. You can seek out promotions that cut initial costs like initiation fees or the first few months of enrollment, or you can put your game face on and demand the discounts while negotiating the terms of your contract.
May will be an interesting month for laptop deals. On the one hand, we have Intel's new Ivy Bridge-based systems poised to enter the market with better battery life and more powerful graphics than today's laptops. Naturally, these new laptops will be competing with the very capable line of Sandy Bridge laptops already on the market. While initial reviews indicate consumers won't notice that much of a performance increase with Ivy Bridge laptops, the new systems are bound to lower prices on current Sandy Bridge-based laptops.
Secondly, deals on fully equipped quad-core desktop replacements continue to sell at all-time low prices. In fact, last month we saw an HP Pavilion dv7t Quad Edition Intel Core i7 Notebook come in at $700; that's the second lowest price we've ever seen for any 17-inch quad-core Core i7-based desktop replacement with a full 8GB of RAM, dedicated graphics card, and 750GB hard drive. Savvy shoppers should look for deals under $800 and snag anything under $700.
As expected, April wasn't a stellar month for HDTV deals. Deals generally remained flat for name-brand 42-inch and 47-inch models, and rose by roughly $50 for name-brand 55-inch sets. We expect May to offer more of the same.
However, we started seeing deals on 2012's new line of HDTVs. The LG 47-inch 120Hz 1080p 3-D Wi-Fi LED-backlit wide-screen LCD HD television (47LM6700) in particular has dropped from its debut price of $1,379 in late March to $999.99 in late April. That's a $379 drop in just four weeks. Not bad for a new TV that packs every feature imaginable. We expect to see more deals on this TV in May. (For comparison, brand-name 2011 47-inch LCD HDTVs have averaged $547 so far this year.)
Another 2012 TV, the Panasonic VIERA 50-inch 600Hz 1080p wide-screen plasma HD television (TCP50U50), made its debut on dealnews for $781. It's one of Panasonic's budget models and will likely see further discounts in the coming weeks.
And for you well-heeled shoppers out there, mark your calendars. On May 16, at the Cannes Film Festival, LG is expected to debut its 55-inch OLED HDTV, reports PCWorld. The price? A cool $8,000. Painful as that may sound, keep in mind that this could trigger further discounts on LED-based LCD HDTVs.
More on Dealnews and MSN Money:
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
ABOUT SMART SPENDING
LATEST BLOG POSTS
Get your emergency fund together now if you want to avoid stumbling over costly surprises in the future.
VIDEO ON MSN MONEY
BLOGS WE LIKE
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'