Money Minute: The best things to buy after Christmas

Smart shoppers know to save their shopping for after-Christmas sales. I’ll tell you what to buy in this week’s Money Minute:

New clothes and shoes. If you missed all the great deals on apparel during Cyber Monday, no worries. After-Christmas sales can be even better. Stores are desperate to get rid of their holiday season stock, so this is your chance to update your wardrobe before spring. Nearly half the deals tracked by Dealnews.com last year featured apparel.

Holiday decor. Nobody wants to buy a $30 holiday candle…. but a $30 candle on sale for 5 bucks? That’s more like it! Stock up on all the decorations, gift wrap, candy and greeting cards as you can after Christmas. Then store it somewhere safe until next year.

Electronics. In early January, gadget makers gather at the Consumer Electronics Show to debut new models. When they do, you can bet retailers will slash the prices on last year’s models. And that’s your cue to pounce on deals.

More money questions? Check out Ask Yahoo Finance on Tumblr.

Mandi Woodruff is a reporter for Yahoo Finance and host of Brown Ambition, a new podcast about career and finance.

 

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