• CONNECT WITH A FINANCIAL PLANNER   »   CONTACT US   |   CALL: 1-323-905-4380  |
  • In The News:
    Share This:
     

    Get the Most Bang for Your Buck? KTLA News Video Summer Spending

    Smart Summer Spending Do’s and Don’ts via KTLA News

    We all want to maximize our money, why pay more than we need to?  With a little planning, you can stretch your dollars further without having to cut back.  I had the pleasure of sharing some smart shopping tips with the KTLA News crew this morning.

    By David Rae Certified Financial Planner™, Accredited Investment Fiduciary™

     

    What to Buy Now for a Smart Spending Summer:

    Warm-weather clothing is always one of the best buys this time of year.  Keep your eyes on the major department stores like JC Penny and Kohl’s and even designer boutiques like Calvin Klein and Ralph Lauren that oftentimes hold sales around this time of year.   Look for extra coupons to save even more.

    Swimwear sales often spike in July because savvy shoppers know that there are deals to be made. Keep your eye on Nordstrom and PacSun which typically offer substantial savings.  Remember this is California and it is almost always pool weather.

    Amazon Prime holds its annual Amazon Prime Day in July.  Keep an eye out for that and concentrate on Amazon-branded products for the biggest discounts.  This year Prime day is July 11th.  Make sure to get your free shipping.  Create a wish list to watch for the best pricing on items.

    Last-minute travel may bring some bargains if you look hard enough.  Hotel deals in Las Vegas (off the Strip) and Palm Springs can be had and, if you want to really get away, you can find affordable package deals to many resorts in Mexico.  Sites like Travelzoo and others have amazing package deals.  A few years back, I booked a packaged deal for a week in Europe.   The packaged airfare and hotel was cheaper than just booking the flight alone.

    Don’t Buy in the Summer Time.

    Air conditioners are going to cost more for obvious reasons, not the least of which is supply & demand.  Hold off until October at the very soonest or wait until winter to find the best prices.  Everything from the AC unit to installation will cost more.

    Bikes, like air conditioners, are most expensive during the summer because that’s when people are looking for outdoor activities.  The best time to buy is after Labor Day and before the holidays.  You can ride bikes year-round in California.

    Televisions typically see their lowest prices during the winter holidays so wait until then.  Why pay more than you need to?  Lately, it seems like the prices are always dropping.

    .

    Cars are at their highest prices during spring and summer.  Wait until next year’s models start showing up at the end of the year.  This is when dealers are more likely to unload the current year’s crop.  Plus, you are more likely to be in the driver’s seat when it comes time for negotiating.

    Live for Today, Plan for Tomorrow.

    DAVID RAE, CFP®, AIF® is a Los Angeles-based retirement planner with DRM Wealth Management. He has been helping friends of the LGBT community reach their financial goals for over a decade. Investopedia named him one of the “100 Most Influential Financial Advisors” for 2017.  He is a regular contributor to the Advocate Magazine, Investopedia and Huffington Post as well as the author of the Financial Planner Los Angeles BlogFollow him on Facebook, or via his website www.davidraefp.com

    Smart Spending Summer” video originally appeared on the KTLA News 7/6/2017

    Connect With David Rae, Financial Planner LA

    David Rae, CFP® AIF®

    President / Founder DRM Wealth Management LLC

    1(323) 905-4380

    david.rae@financialplannerla.com

    "Get the Most Bang for Your Buck? KTLA News Video Summer Spending"

    © Copyright 2024

     

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    © 2024 Financial Planner Los Angeles

    Disclaimers:

    This site has been published for residents of California (Insurance License # OE10562), Arizona, Ohio, Florida, and Colorado. All information herein has been prepared solely for informational purposes, and it is not an offer to buy or sell, or a solicitation of an offer to buy or sell any security investment or instrument or to participate in any particular trading strategy. Securities and investment advisory services offered through DRM Wealth Management LLC a Registered Investment Adviser. The videos, articles and other content maintained on this site as well as the opinions voiced in this material are resources for educational and general informational purposes only and are not intended to provide specific advice or recommendations for any individual. No information on this site constitutes financial advice and should not take the place of consulting with a certified financial planner and tax, legal or other financial advisor. To determine which investment(s) may be appropriate for you, consult your financial advisor prior to investing.