You've wanted to buy that that to-die-for Michael Kors peacoat since you spotted it mid-summer (haven't we all, honey?), but it's already getting cooler and, well, coats are flying off racks faster than you can say "Minus 10 degrees with wind chill." If you had planned ahead, you'd be strutting around right now in your new warm and toasty Michael Kors coat, coffee cup and cute bag in hand. Unfortunately, due to lack of a good sales price and everyone wanting the same popular coat, the only thing that fits in your budget is a bad Rampage knockoff from Burlington Coat Factory. (And you have yet to ever fully feel warm in the godforsaken unlined thing.)
From now on plan ahead when you'll buy the bigger purchases in your life to maximize the savings you garner with each item. Time, it seems, really is of the essence!:
What: Airline tickets
When to buy: 1 a.m. on Wednesday
Why: This is the best time to find a deal because airlines reset their fares every Wednesday just after midnight, says Women's Health magazine. I wrote a whole blog post in July on how to snag cheap airfare, if you're curious.
What: New suit
When to buy: January or July
Why: The spring collection hits stores in January, so find a deal on fall suits; they'll be marked down as much as 30%. It's the reverse in July.
What: Gym membership
When to buy: July and August
Why: New memberships plummet midsummer, so you might find a deal because gyms are in a negotiating mood.
When to buy: November and December
Why: Don't, as many experts say, buy the previous year's model in late summer when the new models hit. There's a year of depreciation on them already. Instead, buy next year's model late in the year, when dealers are antsy.
What: Caribbean vacation
When to buy: March and April
Why: There will still be plenty of chilly weather at home to escape in early spring, and you'll save 25% or more by avoiding the peak season of December to February, says Orbitz travel expert Kendra Thornton.
When to buy: October to December
Why: Real estate varies from place to place. But in general, supply exceeds demand in the fall, after the school year begins. [Women's Health Magazine]
Do you have any good, not-so-obvious tips on when to buy certain things?
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