Are you a broke?

Who isn’t after the holidays? We are too but these are some good investments to make in January!

  • Remodeling. people get remodeling done in the fall and leave contractors scrambling for work in January. That means prices may be lower, especially when you get multiple quotes, and materials may be cheaper.
  • Houses. Few people want to look at homes in the freezing cold or when the yard looks barren – which is why you should. There are fewer bidding wars and more desperate sellers: If they wanted better prices, they’d hold out for good weather.
  • Vacations. This is another big expense most people can’t afford to think about in January, and many don’t want to travel again so soon after dealing with hectic airports for the holidays. But frontloading your vacation can save money, especially in the places like Vegas. Airfares and hotel prices are down from their holiday highs and may be even lower because of large vacancies, which lead to more promotions and package deals.
  • Patio furniture and grills. Once again, the weather is a big factor in scoring deals. January’s not a fun time to lounge by the pool or hold a barbecue, so you’ll see furniture sets and burger-makers on sale.
  • Outdoor gear. The same goes for most sporting goods and outdoor gear, unless it’s for winter sports like skiing. Camping equipment is cheapest when the bears are hibernating, and mountain bikes are price-capped when the mountains are snow-capped.
  • Jewelry. Retailers start making room for new stock after the holidays and in time for Valentine’s Day – which is when prices will shoot up. Early January is a great time to save on a Valentine’s gift.
  • Electronics. One of the biggest consumer electronics trade shows happens in January, and that’s when a lot of brands show off new models that will be out later in the year. This is when retailers realize they still have a lot of last year’s model in stock and start cutting prices.
  • Air conditioners. The holidays might romanticize icy temperatures, but by the time January rolls around, the last thing people want is chilly air. December is the best time to make energy-efficiency investments so you can get the tax credit a few months later, but demand and prices are still down in January.

Unknown source