The Best Deals You Can Get in May
Spring is here, and that means it’s time to take advantage of the latest shopping deals that are sure to hit stores this time of year. Retailers are anxious to unload out-of-season items and get their summer stock ready. That means you can benefit by grabbing up products at up to half their original price.
The latest Gallup poll shows consumers’ average daily discretionary spending is now at $91 for the month of April, up $5 from one month earlier. This is the second consecutive month that spending has been on the rise. This is a positive change from the spending slowdown that took place during the first two months of the year. In fact, Gallup notes this is the highest April spending since the company first began tracking consumer spending habits in 2008.
If you have been spending more, make sure to spend smart. Hunt for deals every chance you get. The Cheat Sheet chatted with Savings.com expert Seth Barnes for a few bargain-shopping tips. Here are six categories where your spending will yield the most savings in May.
1. Designer clothing
If you’re looking for some designer threads to add to your collection, May is your month. “This season’s clothing has been on the shelf for eight weeks, which means retailers are ready to do some spring cleaning to make way for new inventory. You will find store-wide sales and coupons for up to 50% off, even on designer clothing,” says Barnes.
Has your old mattress been ruining your beauty sleep? Then you’ll be happy to know that this is the month when you can get good deals on a new mattress. So say goodbye to those lumps and say hello to a new comfy cushion. “Manufacturers release new models in June. That means May is the best month to buy a mattress, because retailers mark down remaining inventory to make room for the new stuff. Even if you don’t buy in May, we recommend waiting for a good sale before you buy any mattress,” says Barnes.
3. Memorial Day sales
“Retailers tend to hold the best sales around holidays that people have off from work. That’s why you’ll see a lot of ads around President’s Day, Independence Day, and, our personal favorite, Memorial Day. People are off work and retailers need to make room for new inventory — it’s a perfect storm of savings. Look for Memorial Day sales at Macy’s, Nordstrom, and Kohl’s, to name a few,” says Barnes.
4. Mother’s Day sales
Pick up a gift for mom and one for yourself while you’re at it. “According to our analysis of 25,000 deals over the last five years, coupons peak for Mother’s Day five days before. Check out Savings.com’s Mother’s Day deals to see what’s trending in 2015. However, when you shop this close to Mother’s Day, you’re in danger of overpaying on one of the most popular gifts: flowers. Many brands charge up to $25.00 for delivery around Mother’s Day,” says Barnes, who suggests doing Mother’s Day shopping as early as possible.
If your refrigerator has been on the fritz, you’ll be able to get an affordable replacement this month. Now you can put your fears of spoiled food to rest while saving some cash. Barnes says that according to MoneyCrashers, new refrigerator models usually appear in showrooms in summer, so the previous year’s models will be deeply discounted in May.
6. Vacuum cleaners
You now have no excuse to keep putting off your spring cleaning. During this time of year, you can grab a discounted vacuum cleaner and other home cleaning tools. Says Barnes, “Vacuum cleaners typically go on sale in May to make room for new models, just in time for spring cleaning—a very timely sale cycle!” In addition, Barnes says retailers begin to cut prices on small household appliances and home goods as part of their Father’s Day and graduation sales.