NEW YORK (MainStreet) -- The nice weather can certainly entice even the most frugal customers to break out their wallets, but the truth is, summer is not the prime time to make big purchases.
“Retailers are only halfway through the year, so they’re not inclined to discount,” Jeff Yeager, savings expert and author of The Cheapskate Next Door, says. “People are enjoying vacation so [stores] know they will spend.”
Instead, penny pinchers will be best served by putting most purchases off until the fall, which Yeager says is a much better time to find deals on popular products. But, if you don’t want to put a complete moratorium on spending over the next three months, here are the ten biggest product categories you should refrain from makes purchases on this summer.
If you’ve yet to make it out to your local home improvement store to pick up a new grill, you may want to break out the old one this summer.
“The best time to purchase either an outdoor barbecue grill or a lawnmower is prior to summer or shortly after the season ends,” Andrew Schrage, co-owner of Money Crashers Personal Finance, says. “Pick up a new one on clearance in September or October.”
Similarly, you might want to hold off on starting that garden you’ve been thinking about growing in your backyard. In addition to being pricey this time of year, seeds and sod will grow much better come September.
“Everyone gets a green thumb in the summer,” Yeager says. “But in most climates, you’re going to be fighting an uphill battle.”
Instead, stock up on gardening supplies in the fall when retailers lower prices in an attempt to empty out their shelves to make room for pumpkins, gourds and cornucopias.