During the summer, many families enjoy vacations, swimming, going to the beach, having parties, and spending outdoor time with their loved ones and friends. What many people may not realize is that summer is also a season for saving money. Purchasing certain items during this time can help cut costs for the latter part of the year and even into the winter.
This year, due to inflation, consumers are looking for cost-effective goods, leading to intense competition for retailers. Major retailers are ramping up their discount efforts in hopes of luring shoppers to open their wallets.
According to a report by CBS News, Neil Saunders, Managing Director of the consultancy and data analysis company GlobalData, stated, “Retailers have found that unless they adjust their pricing strategies, it will be difficult to retain customers. Consumers are indeed fed up with inflation and are taking action in terms of where they shop, how they shop, and how much they buy.”
As the summer comes to an end, warehouse retail stores like Costco offer significant discounts on seasonal items such as patio furniture and pool toys as they make space for the next season’s goods.
For consumers, taking advantage of seasonal promotions on various items is a great way to save money. According to information from the gobankingrates website, here are 7 types of products you can save money on by purchasing in the summer.
Approaching July, halfway through the summer, the number of people signing up for gym memberships tends to decrease. Some gyms waive joining fees or offer significant discounts on monthly fees, sometimes saving up to $100.
Stores are eager to clear out last season’s coats to make room for new inventory.
Midsummer is a good time to buy new laptops or other electronics as retailers often release new models in the fall.
Furthermore, many stores begin back-to-school promotions in July, greatly reducing the prices of certain laptops.
Items like snow tires, ice scrapers, emergency car tool kits, winter windshield wiper blades, and windshield covers are typically on sale during the summer.
Most people purchase patio furniture in the spring. With the arrival of summer, consumers often find discounted patio furniture sets.
Additionally, many retailers start clearing out inventory to make room for fall and winter goods.
During the summer, you can often find special deals on ice skates, snowboards, ski boots or snowboard boots, ski poles and bindings, sleds, and other winter gear.
Some stores even launch “Christmas in July” promotions, selling outdoor holiday lights, decorations, ornaments, and artificial Christmas trees at discounted prices.