The prices of certain things are almost guaranteed to go up in the coming months. With that knowledge, you should start a spend-to-save program of your own that lets you buy now and enjoy the savings later. Read on to discover five things you’re better off buying today than waiting for.
1. Postage Stamps
The price of a stamp is set to go up at the end of January. Buy your forever stamps now while they are low and they will still be good after the rate hike. If you can, get your stamps in bulk to last a year and enjoy the savings month after month. As a bonus, you won’t have to go to the post office either!
Right now is a great time to buy a television. The prices are low on the current models and makers haven’t yet introduced many new features. New features are on their way though, with many television brands already hinting at what’s to come. If you need a new TV, get in on the television market now before the excitement and novelty drives the prices higher.
Be careful to avoid models that are already outdated. Plasma is old technology that will soon be obsolete when the next generation of TV’s is unveiled. Be smart about your purchase and pick something that won’t be phased out anytime soon like LED or LCD screens with plenty of HDMI ports for all of your gadgets.
3. Real Estate
Many real estate analysts marked 2013 as the rock bottom in terms of housing prices. There is evidence that prices in the 20 major cities throughout the US are already on the rise, so this may be your last chance to get in before the housing market comes back. Interest rates are still low, so now is a great time to buy.
If you already own a home, this may be your last chance to take advantage of the low rates to refinance or take out a home equity loan. If your mortgage is underwater, there’s good news for you too – values may soon return, so hang in there.
4. Phone Apps
Consumers have been bombarded with free or extremely cheap phone apps in the last few years. Over 30 billion apps have already been downloaded for free or under $1. That trend simply can’t continue and app makers are already looking for ways to squeeze money out of their users. Instead of buying an app outright for $1, expect to see monthly charges or dramatic price increases.
Apps that cost less on smart phones or iPads and more on computers will also be shifting upward on the price scale to close the gap. Manufacturers are seeing ways they can increase revenues to cover their costs and they are making their moves. Get your apps now before the prices go up.
5. Used Cars
Auto makers are expecting a demand on new car leases which will flood the market with used cars in the coming year. This flood of inventory will drive down prices, making it possible to get a 2 to 5 year old car cheaper than ever. Unfortunately, if you’re relying on the trade-in value of your used car to purchase another vehicle, you may be disappointed to find that book values are declining right along with the market prices on used vehicles. You can use a used car calculator to find out how much your honda accord now costs.
Knowing when to buy and when to save can help you spend wisely. If any of these 5 things are on your list of purchases for 2013, you may be smart to act now before prices increase.