Best and Worst Buys of May
You'll find discounts on spring apparel, gym memberships, outdoor gear and more this month.
Bargain hunters will find deals on plenty of items in May, especially at the end of the month when retailers have Memorial Day sales. You can expect big sales at department stores and home stores, such as Pottery Barn and West Elm. To get the best deals, look for coupons (of which there should be plenty) to lower the price on already discounted items.
DOWNLOAD: The Kip Tips iPad App
Here’s what you can expect to find on sale in May -- and what you should wait a little longer to buy, according to dealnews.com, which analyzes deals from past years to predict what will be discounted this year.
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
What's on sale this month ...
Clothing. Retailers discount spring apparel by as much as 75% this month. Hold out until Memorial Day sales, though, for the best deals.
Gym memberships. As the weather heats up and people head outside to exercise, gyms often have promotions to lure cutomers back inside. They usually offer discounts on initiation fees or the first few months of membership. But dealnews.com recommends haggling to get even more discounts.
Mattresses. For the past two years, dealnews.com has seen deep discounts on mattresses in May. A mattress can be a good gift for a college grad, who will appreciate a real bed to sleep on rather than a worn out futon (see 10 Smart Gifts for College Grads).
Outdoor gear. Retailers such as Altrec, Gander Mountain and REI mark down camping, fishing and hiking accessories in May.
What a little longer to buy ...
Grills. Even if you're planning a big cookout on Memorial Day, you should hold off on buying a grill until June or July to get a better price. For deep discounts (50% to 75% off), wait until the end of summer.
Home office furniture. You'll see discounts on desks, chairs and shelving units in May, but the real deals are in June.
What not to buy...
Jewelry. You should consider buying your mom or wife something other than jewelry for Mother's Day because prices spike before this holiday (and you won't find deals after it).
Get Kiplinger Today newsletter — free
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.
Award-winning journalist, speaker, family finance expert, and author of Mom and Dad, We Need to Talk.
Cameron Huddleston wrote the daily "Kip Tips" column for Kiplinger.com. She joined Kiplinger in 2001 after graduating from American University with an MA in economic journalism.
-
What Is a Qualified Charitable Distribution (QCD)?
Tax Breaks A QCD can lower your tax bill while meeting your charitable giving goals in retirement. Here’s how.
By Kate Schubel Published
-
Embracing Generative AI for Financial Success
Generative AI has the potential to reshape how we approach learning about and managing our personal finances.
By Rod Griffin Published
-
Five Reasons You Shouldn't Shop on Amazon Prime Day
Smart Buying Think twice before getting lured into buying a bunch of stuff you don't need just because it's on sale.
By Andrea Browne Taylor Last updated
-
Five Ways to Save on Vacation Rental Properties
Travel Use these strategies to pay less for an apartment, condo or house when you travel.
By Cameron Huddleston Last updated
-
How to Avoid Annoying Hotel Fees: Per Person, Parking and More
Travel Here's how to avoid extra charges and make sure you don't get stuck paying for amenities that you don't use.
By Cameron Huddleston Last updated
-
Best Cash Back Credit Cards December 2024
Smart Buying Trying to compare the best cash back credit cards? Unlike most reviewers, we include cards from small banks and credit unions, as well as from large issuers.
By Ellen B. Kennedy Last updated
-
How to Spend $1,000: Find Cheap (or Free) Online Courses to Build Career Skills
Smart Buying There's a huge array of skill-building online courses that can level up your career for under $1,000.
By Kim Clark Published
-
MoviePass is Relaunching. Should You Sign Up?
Smart Buying The subscription discount movie card company has a checkered past and an army of disillusioned former cardholders. If you want to try the reboot, you’ll need to hurry.
By Bob Niedt Published
-
HBO Max Is Offering Huge Discounts
Smart Buying Looking for a streaming service deal? Warner Bros. Discovery is cutting the price of HBO Max.
By Bob Niedt Published
-
Are You Streaming Too Much? What the Discovery+/HBO Max Mashup Means
Smart Buying Fewer original scripted series? Maybe. And maybe it’s time to unsubscribe.
By Bob Niedt Published