Staying Fit
While August is sandwiched between two of the biggest holiday shopping weekends (July 4th and Labor Day) of the year, the month still has some deals of its own for savvy shoppers.
Since it marks the unofficial end of summer, many retailers use the month to clear out their seasonal merchandise and make room for fall products. The start of the school year in August (or September in some parts of the country) also brings a variety of deals, says Julie Ramhold, a consumer analyst with DealNews, a comparison-shopping website.
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Depending on where you live, you may be able to boost your savings even further by taking advantage of your state’s sales tax holidays. More than dozen states have tax holidays in August. The dates and rules are different for each one, but sales tax is typically waived on certain purchases such as clothing, footwear, school supplies and computers.
Sales Tax Holidays in August
Arkansas (August 6-7)
Connecticut (August 21-27)
Florida (July 25-August 7)
Illinois (August 5-14)
Iowa (August 5-6)
Maryland (August 14-20)
Massachusetts (August 13-14)
Missouri (August 5-7)
New Jersey (August 27-September 5)
New Mexico (August 5-7)
Ohio (August 5-7)
Oklahoma (August 5-7)
South Carolina (August 5-7)
Texas (August 5-7)
Virginia (August 5-7)
West Virginia (August 5-8)
Sources: Federation of Tax Administrators and state tax departments
“With inflation what it is, everyone is looking for ways to save, so consumers should be mentally prepared that those weekends are going to be somewhat chaotic in brick-and-mortar [stores],” says Brad Godwin, senior vice president and head of revenue at Shopkick, a shopping rewards app.
Whether you’re able to save on sales tax or not, here are some of the best buys you’ll find in August, including where to shop and how much to potentially save.
1. Laptops
Markdowns aimed at back-to-school shoppers make August laptop prices among the best of the year, with some retailers offering deals that are close to those seen on Black Friday, says Kimberly Palmer, a spokesperson with personal finance website NerdWallet. If you want to save even more, look for refurbished products at sites like Amazon or eBay, which inspect all used products before reselling them.
Where to find deals: Dell, HP, Best Buy
Potential savings: 15 percent to 40 percent off
2. Summer clothes
Clothing retailers mark down summer inventory like bathing suits, tank tops and sandals significantly by mid-August. “Retailers have a lot of excess inventory this year, so we are already starting to see some sales on summer clothing even earlier in the season,” says Andrea Woroch, a consumer money-saving expert.
Where to find deals: Kohl’s, JCPenney, Macy’s
Potential savings: 60 percent to 75 percent off
