5 Things Not to Buy During Summer

5 Things Not to Buy During Summer

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.

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Five Things You Should Never Buy in the Summer

New Cars

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.

Digital Cameras

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.