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May comes to consumers with a plethora of opportunities to save money on big ticket items. From Mother’s Day sales to Memorial Day sales to spring clean up discounts, there is a variety of products and services ripe for purchase if you know when and where to shop. For the last 4 years, May spending has seen growth, aided by huge increases (14.6 billion in 2010 to 21.7 billion in 2013) from Mother’s Day gift purchases, especially for tech products like tablets and smartphones.
Tech related products prices continue to drop in 2014, lower than what we experienced last Black Friday, so we expect this May spending growth trend to continue this year. Note: FatWallet's 2014 Electronics Buyer Survey reports that 53% of females said they will purchase new smartphones and 26% new tablets.
Early May is "the" prime-time to book summer family vacations, snag savings from local deals on events and activities and score excellent deals on sports and outdoors equipment during aggressive deep discounting. In all, May equates to a very solid month of savings on things we need for summer fun, especially by adding increased cash back from dozens of top stores all month long.
Mother’s Day Sales- not just for moms:Mother’s Day sales bring out big discounts and increased cash back savings from dozens of top stores on purchases for traditional gifts, items moms want for the home and exclusive deals on wireless and mobile devices for moms that want the latest tech.
Sports and Outdoors Deals - will run amuck:All outdoors-fanatics will at least take a peek at the cost to upgrade their sports equipment, camping/fishing/hiking gear and athletic shoes. Look beyond discounts for the biggest savings as mail-in-rebates and in-store pickup can save you hundreds of dollars when shopping online.
Summer Vacation Deals - book them fast:Finding the best summer vacation deals is timely (like now!). Plus, FatWallet features added savings of cash back on all the major travel sites like Priceline, Expedia, Travelocity, Booking.com and Orbitz.
Memorial Day Sales - shop them early:Much like President’s day and Labor Day sales, the 3-day weekend sales events have more of a a captive audience, especially from both heads of household creating opportunity for families to make big ticket purchase decisions. The majority of retailers participate in Memorial Day sales by offering aggressive pricing, deep discounts and exclusive coupons for several days leading up to the holiday. This means there’s some really great deals and you can really save a bundle on these key products:
Father’s Day Sales - best tool deals of the year:Starting the end of May into the first 2-3 weeks of June, it’s tool time for savings. Whther you’re looking for gifts or shopping for yourself, there will be ample deals with 30-70% discounts on power and hand tools, plus home improvement products, including paint and exterior and interior building materials
You can find Brent on Google+ and tweeting about suds and other substance @brentsheltonnow.
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