The only good thing about the end of summer is Labor Day, a holiday that provides a day off and great opportunities for consumer savings. Labor Day sales allow shoppers to take advantage of discounts on everything from fall fashions to appliances. It's also a good time to find deals on end-of-season merchandise, like swimsuits, lawnmowers, patio furniture and more.
With practically everything under the sun on sale during these short three days, how can you possibly know if you're getting the best deal? Here are six ways to maximize your savings on Labor Day.
1. Do Your Due Diligence
Find out the average price of your coveted purchase before Labor Day, using sites like Pricespider.com. This will keep you from being fooled by false promotions, and help you identify the best sale price.
2. Shop in Your PJs
Labor Day triggers the holiday shopping madness that continues into the New Year. Let the masses scurry about the stores and highways while you casually shop multiple online stores in the comfort of your own home. Not only will your blood pressure thank you, but you'll realize savings in fuel, too.
3. Save More
In addition to Labor Day price reductions, be sure to find online coupons for more savings. Shipping should also be free or greatly reduced; merchants like Lands' End and JCPenney typically offer free shipping codes during this high-volume weekend.
Major sale events represent an excellent opportunity to hone your haggling skills, especially on big items like televisions and appliances. Compare prices between various competitors and ask retailers if they can meet or beat your preferred price. Not comfortable with bartering? Check out this article on ConsumerReports.org for tips on making the negotiating practice work for you.
Before hitting a store's sale rack or browsing Labor Day deals online, remember to follow or "like" the retailer or brand on Facebook and/orTwitter to find exclusive coupon codes and promotional offers. It pays to join these social media networks.
6. Use Tunnel Vision
Knowing what you want before Labor Day is easy; sticking to just that in the heat of the moment can be challenging. Be strong. Whenever you find yourself straying from the main purchase, gently remind yourself to "stay focused" and move on.
Andrea Woroch is a consumer and money-saving expert for Kinoli Inc. She is available for in-studio, satelite or skype interviews and to write guest posts or articles. As a nationally recognized media source, Andrea has been featured among top news outlets such as Good Morning America, NBC's Today, MSNBC, New York Times, Kiplinger Personal Finance, CNNMoney and many more.