Smart shoppers know that they can get the best price on certain items if the purchase at the right time. Considering the cost of certain electronic goods such as large screen TVs, computers and digital cameras, it would probably pay to make your purchase at the right time.
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For most big-ticket items, one of the best ways to save is to make a purchase in the spring. Although there is great consumer demand for big-screen televisions in the fall months when football season ramps up, it isn’t always the best time to buy. Many television manufacturers roll out their new models in March and April. This means retailers need to move the previous year’s models in order to make room on store shelves. They respond by cutting prices, and if you are really lucky, you could get a great deal if your favorite retailer is known for its clearance deals.
The same holds true for digital cameras, though most new models are released earlier in the year. If you didn’t buy a camera in the pre-Christmas rush, don’t worry. February could bring you a better deal on last year’s camera.
Holidays can also be a great time to bargain shop. Retailers get ready for the large crowds by enticing them with deep discounts, and some even use drastic price cuts as “loss leaders”. In other words, they expect to lose money on phenomenal sale prices, but make up for it with the volume of sales. Of course, buying on Cyber Monday (the Monday following Thanksgiving) can net you a bargain, especially if your favorite online retailer offers free shipping. However, true bargain hunters know how to compare prices, scour for coupons, and find great deals all year long.