Since 1971, Memorial Day has been celebrated as an extended weekend away from work and the unofficial start of summer. More recently, Memorial Day has also turned into a second Black Friday for retailers and shoppers. There are loads of sale events in stores and online, and each guarantees to save you heaps of money. But that’s not always the case. Here’s what to buy and to skip when you see those Memorial Day sales.
Let’s look at what to buy and what to skip this Memorial Day weekend.
BUY: Outdoor essentials
Welcome summer with outdoor gear like grills, lawn mowers, ladders, and more, which are marked down as much as 50% at stores like Lowe’s and Home Depot. Online retailers, like Wayfair and Overstock, host similar events and may offer free two-day shipping in honor of the summer kickoff.
You’re going to see crazy-low deals on gaming consoles, laptops, and tablets around Memorial Day weekend. But, unless you need one now, wait it out. You’ll find even better deals on electronics during the Black Friday season.
Snag a great deal on a fully loaded patio set, pick up a marked-down comfortable sofa, and swap your old mattresses for inexpensive new ones at Memorial Day sale events.
Most marked-down TVs you’ll find around Memorial Day are older models with outdated features. Find better deals for newer models in November or January.
BUY: Wedding registry gifts
Department stores, like Macy’s and JC Penney, offer discounts on household essentials, such as coffee makers and blenders, in anticipation of the wedding season.
If you’re looking for a new set of wheels, wait until after June. You’ll find the hottest deals between July and October.
Preparing the family car for a summer road trip? You’ll find the year’s best prices on tires around Memorial Day weekend.
Don’t splurge on swimwear and other summer apparel just yet. Wait until June, or even mid-summer, for the steepest discounts.
BUY: Spring apparel
Retailers have been displaying their warmer-weather line for months, which makes the end of May the perfect time to stock up on spring-wear.
SKIP: Power tools
You’ll only have to wait a few weeks for the hottest deals on power tools. Father’s Day sales usually start at the beginning of June, and offer deep discounts on power tools and other outdoor power equipment.
BUY: Appliances and home décor
Retailers and manufacturers mark down large household appliances, like refrigerators, dishwashers and ovens at the end of May. You can also score deals on home décor, like light fixtures, flooring, and kitchen essentials, at Memorial Day sales events.
Now that you know what to buy and what to skip this Memorial Day, kick off the season of poolside barbecues and aimless road trips by snagging a great deal!
If you’re in the market for a larger purchase, you could always use a home improvement loan or personal loan. These usually have lower interest rates than credit cards and a clear end date for the loan.
Double your deal by using your Money Federal Credit Union credit card, where you earn points for every purchase. Turn them in for travel, gift cards, and merchandise!