As someone whose portfolio runs more to penny stocks than blue chips, I’m always looking for ways to save money when I shop. Along with doing the obvious things such as buying items when they’re on sale, here’s another tenet that I absolutely live by:
Buy products out of season!
This is an oldie but goodie, and applies to more than just clothes. Everyone knows that if you want the best deal on a winter coat, you have to buy it in February or March when stores are making way for spring and summer inventory.
This kind of thinking applies to other seasonal products as well, such as patio furniture, barbecue grills, Christmas cards, wrapping paper, and more. If you have space to store these types of items for several months before actually using them, then you could end up saving a ton of money.
Shopping this way requires foresight (what will you need 6 months or one year from now?) and discipline (if you buy something now, will you still like it when it comes time to use it?), but is definitely worth it!