It's Not Just WHAT You Buy, It's WHEN You Buy It

​When trying to save some hard earned money, you make decisions about what you will continue to buy without fail, and what you will learn to live without. But what if you were told that sometimes it is not just about what you are buying, but the timing of your purchase as well? How would you alter your spending habits if you knew that simple timing could allow you to still make all your purchases after all? Here are a few examples of some important ways to make timing work for you while lowering your spending.

Airplane Tickets

There is a fine art to purchasing airplane tickets at the absolute best value. There are two things to consider: the timing of your purchase and the timing of your flight. In general, you should always try to book a flight for midweek, which is generally less expensive than weekend flights. Use flight calendars (such as Google) to see price changes when switching dates. 

As far as purchasing the tickets, look far enough in advance (at least 60-90 days) so you can keep your eyes out for price changes. It is generally advised to book a flight between 6-8 weeks before you will actually fly. Book too early or too late, and you may end up paying far more than a normal fare. As far as time of day to fly, search for the same flight multiple times per day and notice huge savings during the early mornings and later nights. In addition to the lower costs, there are far fewer travelers to deal with and parking/security is easier to deal with.

Fruits and Vegetables

To get the best price on produce, you just need a little bit of knowledge about your local food supplies. Buy fruits and vegetables that are local and in season. This means that not only will they be at their peak taste-wise, but you will also get a lot more for your money.

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Homes

When it comes to buying a house, the best bet is to keep your eyes on the economy. Listen to the financial advice of trusted sources and advisors. It is much better to buy a home when the economy brings home prices down so that you get more house for less money. You also want to make sure to wait for the lowest interest rate possible at that time. If you are selling but home prices are continuously sinking, consider selling yours fast! Sellers should also consider cashing out when the market is hot and moving in with family for a short period of time. Then, when the market is soft, take advantage of the lower prices and buy.

Clothing

There are a few times of year when it makes the most sense to buy as much as you can for your family’s clothing. Depending on where you live, there are several sales leading up to Christmas; ignore them. If it is possible for you to wait until after the holidays, most stores will hold outrageous clearance sales at the beginning of the new fiscal year. January is a great time to pick up clothing for yourself and your children that will last for years. 

As for summer clothes, another great time for sales is at the end of each season. For example, wait until the end of summer to buy shorts and bathing suits for the next year. Nothing goes out of fashion within a year as long as you buy essentials correctly.

Vehicles

When buying a used vehicle, your payoff dates and term limits are often decided by using the car's manufactured year model. Because of this, your overall price and payments will be lower if you buy your vehicle at the end of the year as opposed to the beginning of a new model year. Use this to be able to more easily purchase the car of your choice (I still hate auto loans, BTW).

When it comes to buying almost anything, timing is everything. Don't be afraid to offer a much lower price when paying cash. Ask for any additional savings at the store. By using these tips (and some smart shopping techniques like couponing), you will be able to buy what you need (and want) within your financial means.