NEW YORK (MainStreet)—Monthly budgets often go out the windows during summer months, what with the kids home from school and vacations on the horizon, many people feel more relaxed during the summer, which may lead to an increase in spending.
According to a study published in the Journal of Marketing Research, the more relaxed we are, the more likely we will pay a higher price for an item.
Perhaps accordingly, summer is not known as a time of great sales. Despite advertising attempts to draw in shoppers during the summer, stores tend to offer more deeply discounted prices during other times of the year.
Don't let your relaxed state result in breaking your budget this summer. Help keep your spending in check by avoiding these five items that are notoriously bad deals during the summer. Check out the video below and read on for the money-saving tips.
Five Things You Should Never Buy in the Summer
Dealerships introduce new car models at the end of summer and the beginning of fall. If you have your eye on a specific car, hold off until the new models come out. Then you can choose between getting a discount on last year's model or buying the newest version.
If you're thinking of buying a new digital camera for that upcoming vacation, think again. The best time to buy digital cameras is in February, when the latest models are released. Prices will dip again during the holiday season but are usually highest during the summer.
Outdoor Furniture and Grills
After Labor Day, prices on outdoor furniture and grills will drop significantly. Just make sure you head to the store as soon as the sales start. Inventory usually goes quickly, but if you time it right, you can save up to 75%.
Back to school sales on laptops tend to start at the end of summer, but if you want to save up to an additional $100, hold off until October, when prices hit their lowest.
According to Consumer Reports, the best deals on airline tickets can be found between October and March. Avoid paying high prices during prime travel season. If you must book a last minute summer vacation, focus on less desirable destinations to find the best deals for your money.
Make sure to take advantage of fun, free activities during the summer months, and save shopping for other times of the year.
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