The Mogo Blog

LifeHacker Tells Us The Best Times to Buy

Here is a great article from the good people at LifeHacker about optimizing your calendar of shopping. I’m not saying you should be spending your way through the entire year, but if you’ve got some purchases planned, you should definitely check out this link and the info in it: They profiled a lot of customer data, sales trends and major chain discount cycles to come up with the best times of year for buying… well… pretty much anything you can think of. Their market research can really turn into some savings when you’re out to make purchases. My Favorite Monthly Highlight: -       January: Sporting Goods -       February: Digital Cameras -       March: Frozen Foods -       April: Boots & Winter Wear -       May: Patio Furniture -       June: Gym Memberships -       July: Grills -       August: Laptops -       September: Wines -       October: Toys & Games -       November: Aluminum Foil & Plastic Wrap… seriously -       December: HDTV and home theater equipment As you can see, there’s stuff on there for everyone, and some pretty strange items, too. We’ve all got stuff to buy, so check out the full list and see the trends in yearly

Offseason Purchases Can Save You Big Cash

Sometimes you just can’t get around making big purchases, and that’s part of life. But large scale purchases can go in your favor – especially when you make sure to buy at the right time. Besides, when you work hard for your money and set aside some for fun stuff, there’s no harm in getting something for yourself. For example, I’m in the market to get some new skis. My current ones were bought used and have seen quiet a few seasons. It’s time to get new ones, but I’m going to be smart about it. I knew I wanted to get skis in October, but with the season just around the corner, ski prices were as high as possible. I decided to wait and see what kind of deals there would be as the year progressed. Into the new year, there are more used options, rentals for sale, and all the equipment out there is getting older. If I’m able to wait another 2 months, prices (and demand) will drop even further. So – even if you don’t ski, you could take a lesson for this. When you’re able to plan ahead

Boxing Day Blowouts – Keep Your Wallet in Check

December is the season to give gifts and share time with your loved ones, but lets be honest – after Christmas there are a ton of deals to be had and you can get what you really wanted. Boxing Day sales have become a highlight of the shopping calendar – and it’s your job to make sure that while you’re out there getting deals, you’re not actually setting yourself back more than you wanted to. Set the Budget Did you get a department store gift card, a bit of cash from your aunt, or some store credit from returning that nice sweater from Grandma? Before you hit the insanity of Boxing Day sales, know how much you want to shell out for your own personal gifts. Sure, there are things we’d all like to pick ourselves up, but if it doesn’t fall within the budget you shouldn’t really get it. We’ve said it before – but if it’s not a sale on something you’d actually need/want you aren’t really saving money. You’re just spending it. Do Your Research If you’re after a TV, gaming system, clothes or anything, be sure

How Great Sales Can Derail Your Money Plans

Aimless shopping is brutal on your wallet. You know what it’s like: “Oh, I’ll just stop off at the mall to poke around; I’ll see if anything catches my eye.” This is a terrible idea if you’re trying to stick to a smart financial plan. Trips to stores like that usually result in impulse purchases that will bloat up your credit card bill and take cash away from purchases that you need. How does this happen? More often than not, sales. We’ve seen it before with coupons. Crazy ½ off sales and 3-for-2 discounts are great marketing for stores and businesses. Deals like this get you in the door with your pocket book open. This is the difference between real savings and perceived savings. If you’re out shopping for shirts and they’re on sale, great. But if you’re looking for a pair of work shoes and earrings are on sale… you’re not exactly saving any money at all. How to Avoid the Sales-Trap Go shopping with a plan. If you’re on a tighter spending plan, shopping should be an errand, not a fun activity. Know what you’re shopping for before

Back To School Clothes: 6 Tips To Save A Bundle

I don’t know about you, but I really dread all of the back-to-school expenses. Clothes in particular can be very expensive. Here are six tips that will help you save money when it’s time to go back-to-school shopping for your children’s clothes. 1)     Trade with friends – If you have friends whose children have outgrown last year’s school clothes, try to trade with them. You may not be able to trade clothes for clothes (if you don’t have the sizes they need) but you can offer to trade services for clothes – an hour of house cleaning, or a few hours of babysitting ought to do the trick. Most people are happy to pass on clothes that their children can no longer use – since kids grow so quickly they know it’s money down the drain anyway. 2)     Sign up for sales – if you kids wear uniforms, make sure that you are on the mailing list for your school’s uniform suppliers. When they run a sale you can take advantage of it. If your kids don’t wear uniforms sign up with your favorite retail stores so that you can take advantage of the special discounts