January can be a slower month for retailers, making it an ideal season for businesses to hold a sale. Some hot ticket items that you would think twice about buying could get a significant markdown. Think winter clothes, electronics, and elegant Christmas decorations at a bargain price!
But even with tempting shopping opportunities everywhere, you can still start the year with a practical goal in mind —making better financial decisions. So plan ahead and use this quick guide to help you decide what to buy in January.
Best Shopping Deals in January
Post-holiday sales may be another reason to splurge, but check out this list and make a shopping list to avoid overspending.
1. Christmas Decorations
After the New Year, Christmas decorations are at the lowest prices they’ll be for the entire year since retailers want holiday inventory out of the warehouse.
While putting away your holiday decorations, make a list of the items you’ll need for the next year. This way, you’ll know what items you need and avoid overspending on lights, garlands, and ornaments.
2. Holiday Wrapping Supplies
Speaking of holidays, January is also the best time to stock up on wrapping paper and Christmas cards. These bulky items also go on sale, and you can’t be over prepared for next year.
Stores like CVS and Target tend to have massive deals on wrapping supplies. To take your money-saving strategy to the next level, buy in your MoneyLion rewards app for cashback.
3. Travel Deals
Traveling often slows down in January as people try to save money to make up for the holiday spending splurge. It’s easy to scope out cheaper hotel, cruise, and airfare deals at this time of the year. Hotel consolidation sites like Expedia.com and Hotels.com may also launch their own discount programs. When making your travel purchases, use a card that offers rewards like the MoneyLion Debit Mastercard that gives you instant access to the Priceless Surprises Program.
4. Gym Memberships and Subscriptions
Getting healthy commonly tops the list of New Year’s resolutions. With retailers banking on this pattern, expect sporting goods stores to offer price cuts on sporting apparel and fitness equipment.
Gym memberships, fitness subscriptions, weight loss guides, and diet plans should see significant discounts in January. Whether you’re planning to workout at the local gym or from home, look out for these deals to welcome a new you.
5. Winter Apparel
Buying winter apparel should not necessarily be on your annual budget, but finding quality pieces that last longer could save you money. Retailers majorly slash prices on their most popular winter apparel brands in late January to make way for their summer collection.
If you can’t wait to make the purchase, you can buy it now with your MoneyLion Debit Mastercard. If the price drops within 90 days, MoneyLion refund you the difference so you won’t be overpaying for your cozy winter haul.
Big retailers with bath and bedding items hold “white sales” in January, making it the perfect time to buy towels, sheets, duvets, and other linens with deep discounts.
Check bedding sales at your local store and go online to see what other retailers offer. Be sure to compare prices and check out in-app deals to get a bigger bang for your buck.
Furniture places get a new batch of inventory around February and August. If you prefer furniture with a wintery feel, you can snag clearing house deals from furniture retailers.
For larger price ticket items, you might need a little extra funding. MoneyLion’s Credit Builder Plus membership provides access to a loan of up to $1000, along with cashback rewards, and refunds of RoarMoney and Investment fees. As you repay the loan, MoneyLion reports your on-time payments to the credit bureaus, helping you build credit. You can buy the furniture you need while working towards a healthier credit score.
Aside from Black Friday and Cyber Monday, the weeks ahead of the Super Bowl are a great opportunity to buy a new TV at discounted prices. Before the big game, retailers like Best Buy, Target, and Amazon offer a variety of discounts, even for the latest tech.
Normally, these discounts apply not just to TVs but also other home-theater items.
Black Friday is not the only day of the year to get discounts on electronics.The Consumer Electronics Show (CES) at the beginning of January is usually the platform manufacturers use to launch new products. As new goods enter the market, the older ones must go.
10. Gift Cards
A lot of people receive gift cards during the holidays, but not everyone likes what they receive. Rather than going unused, you can trade or even sell these gift cards at a lower price after the holidays. You can check out gift card exchange platforms like Plastic Jungle, GiftCards.com, and Gift Card Granny to take advantage of these deals.
11. Late Christmas Gifts
Receiving presents is what most people look forward to during the holidays. But if you’re planning to gift something with a hefty price tag and you believe it will go on sale in January, maybe you can wait. No one would get mad at receiving a late Christmas gift, especially when they see what’s inside.
If you’re buying a late gift because you don’t have the cash right now, you can get paid up to 2 days early on your RoarMoney account. All you need to do is set up direct deposits to RoarMoney to get an early payday.
Celebrate the New Year with a Healthier Money Mindset
Unless you planned ahead, you might be a little tight on cash at this time of the year after holiday shopping. If your next payday is a bit farther away than you need, consider getting a cash advance to tide you over. 0% APR Instacash to get through your next payday without taking out expensive loans.
For passion projects that are just beyond your spending limit to spruce up your home, try to DIY. Craft materials could cost you less, and here’s a list of affordable apartment-friendly upgrades to give your living space a makeover.
Picking up January bargains could be a smart play, but only when you can afford to. Being financially savvy is always a better and trendier way to set the mood for the whole year. Start by creating a post-holiday shopping budget and tracking your expenses regularly with MoneyLion.