Pinching Pennies: Finding Bargains in January

Ringing in the new year with post-holiday sales

By Amanda Hopkins
Add Comment Add Comment | Comments: 0 | Posted Jan. 2, 2013

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While most of us have spent several weeks shopping for holiday gifts, Christmas isn’t the close to the shopping season. The days after Christmas are typically busy ones for shoppers, who head out to the malls to redeem gift cards, secretly exchange holiday gifts, and raid the shelves for sale items. 

Day-After-Christmas sales are often better than Black Friday sales. With the holiday season over, merchandise is priced anywhere from 20-percent to 90-percent off, depending on the item, as retailers no longer need certain items in stock and want the shelf space for new products. Many retailers also have coupons circulating after the holiday, many of which can be used on clearance items. 

If you are planning to go shopping after the holidays, here are some things you should look for:

Holiday Merchandise — Right after Christmas is the best time to pick up some holiday novelties for next year. Stock up on holiday paper plates and cups to save for next year’s meal. Buy wrapping paper now and store in your closet for next season. Perhaps your lights are getting dim due to the outdoor weather — well, it’s the perfect time to stock up on decorative holiday items such as lights and tree trimmings. 

Winter Clothing — Winter-wear and clothing is also on sale. While winter has just begun, retail stores are always stocking shelves a season early. After Christmas, you will see long-sleeve shirts, sweaters, coats, and scarves and gloves priced very low. Because it will still be cold for another month or two, it’s a great time to pick up some new clothing, or perhaps buy a discounted coat to gift for someone next year.

New Toys — Retailers typically raise the prices of toys right before Christmas, as they want to make money on the products. Right after Christmas, the prices will drop, which makes it a great time to pick up some brand new toys for the next year. You can buy toys to save for next Christmas, or stock up on toys to give as gifts for birthdays throughout the year.

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