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The Best and Worst Things to Buy in January

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Best and Worst Things to Buy in January

Did you know that the best time to buy winter apparel is in January or that you should wait for next month for that TV purchase. To help you with your shopping this month, we are happy to share this extensive list from DealNews featuring the very best and worst things to buy in January.

Resolve to Buy Discounted Fitness Equipment: A popular New Year's resolution is to get in shape, and fittingly, January is an excellent time to get a deal on fitness gear and equipment. In fact, in years past, there have been almost double the number of deals in January. (We otherwise didn't see another spike in deals until late spring.) Look for stationary bikes, treadmills, elliptical trainers, complete home gyms, and training accessories and DVDs that are marked 30% to 70% off. January is also a great time to start grabbing discounted equipment for winter sports.

Spring for Winter Apparel: In general, a lot of the best things to buy during After Christmas sales remain good buys throughout the month of January, including winter clothing deals. While the weather has been quite cold this year in many parts of the country, and that can sometimes create greater demand for seasonal wares (which may in turn affect sales), we typically see discounts of 50% to 80% off on coats and winter accessories at stores like Eddie BauerREI,Macy's, and JCPenney.

A Month for Home Furniture: Several manufacturers will release new, 2014 furniture collections in February, forcing retailers to clear their old inventory in January. The result is solid home furniture deals from the likes of Pottery Barn and Home Depot, to name a few. And while May is undeniably the best time to purchase a new mattress, for the past two years US-Mattress has discounted up to 70% off select mattresses in early January, which is something to keep in mind if you want to start the year off with a new bed.

Next-Gen Consoles Will Still Be Hot... and Full Price: It's been difficult to get one's hands on an Xbox One or PlayStation 4 without committing to some marked up bundle "deal," and part of that is in fact influenced by the holiday season. But even with lessened demand after Christmas, the now in-stock consoles will easier to get, but not any cheaper. At best, we might see slight price cuts of 10% starting around April, according to deals we saw when the Xbox 360 and PlayStation 3 debuted years ago.

Visit Nearly 400 National Parks, Free of Charge: January 20 is Martin Luther King, Jr. Day, and in celebration, all 398 national parks will feature free admission. While a large number of our parks are already free of charge, notable parks that are waiving their fees include several of the most-visited in the country, such as Yosemite, Yellowstone, the Grand Canyon, and Olympic National Park.

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Keep an Eye Out for Early Tax Software Deals: This month, we will start seeing sales that take up to 40% off tax filing software, and while discounts might get stronger in the following months, last year the discounts didn't get much deeper. So if you don't want to put off starting your taxes, January is a good month to buy. Keep an eye out specifically for deals that discount state filing; many services offer free filing for federal tax returns, but state returns typically require an additional fee.

Get an Early Start on Valentine's Day Gifts: While most of us we remain in a daze of post-Christmas clear-outs, you should take this opportunity to jump on female-friendly gifts that can translate into thoughtful items for the apple of your eye come Valentine's Day. Typically, deals on jewelry and fragrances aren't so hot right before Valentine's Day. In fact, we've found that some jewelry prices actually go up slightly in February. Instead of waiting, think ahead and try shopping the numerous department store sales we've seen since Christmas.

Steep Savings on Christmas Goods: Who cares if it has a Santa Claus on the tin? Heavily discounted goodies abound this month from brands likeStarbucks and Cheryl'sGodiva, too, offers discounts of up to 40% off. We say, start 2014 off with something sweet, even if it temporarily interferes with your New Year's resolution to get in shape. Beyond these sugary goods, decorations also see strong sales, with discounts of up to 75% off at stores like Lowe's and Home Depot. This is an especially good time to save a $100 or more on a new Christmas tree.

The Beginning of Electronics Clearance Sales: Pay attention to the gadgets that debut at the Consumer Electronics Show this month; pay even closer attention to those that improve upon a 2013 item. Such previous-generation (a-hem, 2013) devices will then start to see new price cuts. This includes electronics like cameras, audio equipment, and Android tablets. Just remember that the announcement of a new model will inspire initial discounts (from both stores and the manufacturer), but the sales will get even better once the new model is actually available to buy.

Wait Until Next Month for Discounts on Brand-Name 2013 TVs: Just as electronics in general are rebooted at CES, so too are TVs. For retailers, this means consolidating their inventory of 2013 devices to make room for the new models. However, we might not start seeing these TV deals until the end of the month and into February. Last year, 55" 3D HDTV prices dipped an extra 6% during the month of February (versus their best price on Black Friday 2012). Also during February, name-brand 60" 1080p LCDs dropped to their second all-time low, beating their best December price by a more impressive 16%.

Touchscreen Laptops Hit Rock Bottom: Prices on touchscreen laptops have been falling rapidly lately; in fact, we've already seen 12" Ivy Bridge-based models plummet to just $200 in December. We expect to find similar discounts in January as well, which is good news since these systems were selling for at least $100 more as recently as September.

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Momtrends was not paid for this post.

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