While you can snag a fantastic deal on Black Friday, a lot of the sales and so-called deals advertised on the day are nothing more than a ruse, according to a 2012 study conducted by the Wall Street Journal and Decide.com. If getting the best deal on the presents you buy for your kids and loved ones is important to you, it’s best to forget about buying certain items when you’re out on Black Friday. When it comes to getting the best price, it’s all about timing.
From the holiday season right through Valentine’s Day, prices on jewelry and watches tend to climb. Decide.com tracked the price of a men’s Citizen watch in 2011 and found that the price increased steadily from July through December. The asking price for the watch as an average of $29 higher on Black Friday than it was in March.
Photo by KTheod via Wikimedia Commons
When to Buy: The ideal time to buy jewelry or watches is in March, safely after the holidays. If you can plan in advance, the summer months are also a great time for a jewelry purchase for your daughter or spouse.
Winter Coats and Boots
Unless your son or daughter will be freezing without a winter coat by the end of December, wait until well after Black Friday to buy one. You can also get a better deal on cold weather gear if you purchase it well in advance of Black Friday. According to Decide.com, the cost of Ugg boots dropped to an average of just $85 during September and October, but climbed back up to an average of $135 on Black Friday.
Photo by Snowball181 via Wikimedia Commons
When to Buy: If you’re buying winter garments as a holiday present, check out prices well before November. If you can wait until after the holidays to get a new coat or boots, you might get the best deals in January, according to US News and World Reports. The trade-off is that come January, you might not have the best selection when it comes to styles, colors and sizes.
A set of flannel sheets or a new comforter for your child’s bed might seem like a great Christmas gift. But, if it’s a deal you’re after, Black Friday and the holiday season aren’t the best time to get bedding. Instead, wait until January, when white sales abound, according to the Today Show.
Photo by AirDye via Wikimedia Commons
What to Buy Instead: If you have your heart set on buying things for the home on Black Friday, never fear. The day is a great time to purchase kitchen gadgets, according to Bankrate. This is great news if you have a college student who has a rather sparse dorm room. You’ll find great deals on inexpensive kitchen items such as coffee makers and waffle irons at department stores such as Macy’s.
Photo by U.S Air Force Photo/ Staff Sgt. Joshua Garcia
The demand of this year’s “it” toy on Black Friday means that the price of that toy might be higher on Black Friday than it is before or after. Depending on how popular a toy is, you might be lucky to see one for purchase that day. Even if a toy isn’t marked up on Black Friday and isn’t in high demand, you’re still likely to see a better price as Christmas approaches, according to CNBC.
When to Buy: Wait until two weeks before Christmas to make your toy purchases. You’ll reduce the chance of your kids finding your gift stash before the holiday and will save money, too. In 2012, the price of some toys was reduced by up to 37 percent during December, according to CNBC. The only exception is this year’s “it” toy. You might not want to wait for a deal on that, as you risk not getting the toy at all.
This post was written by: Sherry Diaz
Sherry is a freelance writer who enjoys mountain biking.