It’s Not Just about What You Buy, But When

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When trying to save money, you begin to make decisions about what you will continue to buy, and what you will learn to live without. But what if you were told that it is not just about what you are buying, but the timing of your purchases? How would you alter your spending habits if you knew that simply by timing things right, you could still make the purchases after all? Here are a few examples of ways to make timing work for you in regards to what you spend.

Airplane Tickets

There is a fine art to purchasing airplane tickets at the best value. There are two things to consider, which is the timing of your purchase and the timing of your flight. In general, you should try to book a flight for midweek, which is generally less expensive than weekend flights.

As far as purchasing the tickets, look far enough in advance that you can keep your eyes on the price changes. It is generally advised to book a flight between 6-8 weeks before you will fly. Book too early or too late, and you may end up paying far more than when you hit the sweet spot. As far as time of day to book tickets, search for the same flight multiple times per day and record what you find.

Fruit and Vegetables

To get the best price on produce, you just need a little bit of knowledge about your food. Buy fruits and vegetables that are local and in season. This means that not only will they be at their peak taste-wise, but you will get more for your money.

Homes

When buying a home, the best bet is to keep your eyes on the economy. Read the newspaper and listen to the financial advice of trusted associates. It is better to buy a home when the economy brings low home prices. You also want to make sure to wait for the lowest interest rates possible. If you are buying and selling but home prices are sinking, consider selling yours first, moving in with family for a short time, then taking advantage of the lower prices when it is time to buy.

Clothing

There are a few times of the year when it makes sense to buy as much as you can of you and your family’s clothing, if at all possible. Depending on where you live, there are several sales leading up to Christmas. And if it is possible for you to wait until after the holidays, most stores hold outrageous clearance sales at the beginning of the new year. January is a great time to pick up clothing for yourself and your children that will hopefully last until next year’s big sale.

Another great time for sales is at the end of each season. For example, if you are good at predicting your children’s growth rate, wait until the end of summer to buy shorts and bathing suits for the next year.

Vehicles

When buying a used vehicle, payoff dates and term limits are decided by using the year of purchase. Because of this, your payments will be lower if you buy your vehicle at the end of the year as opposed to the beginning. Use this in your favor to be able to more easily purchase the car of your choice.

When it comes to buying, timing is everything. Be aware of your purchasing patterns. By using these tips, you will be able to buy what you need within your means.

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