Like most things in life, when it comes to making big purchases for your home, timing is everything. When you need to replace or upgrade a major appliance, you’re going to fork over some sizable dough. A new dishwasher runs between $400 and $700, while a side-by-side refrigerator can set you back anywhere from $700 to over $2,000.
Whether you’re looking for a basic dishwasher, a fridge that keeps tabs on your grocery list and can share photos, or a patio furniture set that’ll fill your neighbors with envy, here’s some information on when to buy and when to wait so you can save as much money as possible. After all, you’ll need something left over to fill your smart fridge, right?
Holidays like Presidents Day have become more about saving a few bucks than celebrating the guys whose faces adorn them. Retailers will slash prices as low as 50% on everything from appliances to mattresses around the Fourth of July, Labor Day, Memorial Day, and, of course, Presidents Day.
If you’re in the market for patio furniture, hold off until the end of summer—you’ll find the best deals on barbeque-ready umbrella tables and lounge chairs during Labor Day. Patio furniture retailers will be looking to unload their inventory to make room for the new stuff coming in, and as long as you don’t mind not having the latest in weatherproof cushions, you’ll have some options. But really, who’ll know the difference?
Black Friday and Cyber Monday
These two days, which are becoming more like weeks as the offerings start earlier and last longer, are obvious times to grab a new 60-inch smart TV or, well, anything else. If you’re buying online, you’re likely to save even more if you click checkout at 3 p.m. Retailers have a tendency to drop the prices at this time almost daily.
The end of the month
Retailers itching to hit quotas tend to drop prices toward the end of the month, both in stores and online. If you’re in the market for a new appliance, start hunting for deals around the 23rd of the month.
Spring (for refrigerators)
Refrigerators chill to the beat of a different drum than their appliance brethren. The newest models come out in the spring, which means you can save serious cash by purchasing last year’s models. Fridge prices also fluctuate more than other appliances, according to a Consumer Reports analysis, so savvy shoppers can score some deals. Midrange models tend to see the biggest discounts, with Whirlpool slashing the price on one model by $500.
Maytag also keeps the buying game interesting by turning the month of May into Maytag Month, when incentives can be sizeable. Last May, the company offered up to $700 back on select appliances.
Fall (for everything else)
As long as you don’t have an appliance emergency and can live with an aging dishwasher—meaning you might have to apply a little elbow grease to get your glasses spotless—you’ll find the best prices on most appliances in the fall. Appliance manufacturers often release new models between September and October, so the older ones will have reduced sticker prices. The fall and winter are also great times to buy things you’ll need in the summer, like a new A/C unit or gas grill.
Life insurance is always in season
Thankfully, there’s one important purchase that doesn’t require waiting for a solstice or a three-day weekend holiday: life insurance. Any time is a good time to make the smart, affordable investment to protect your family. That said, sooner is always better than later. Take a few minutes to find the policy that’s right for you—it’s much simpler than researching the best washing machines.