With Christmas fast approaching, it's an expensive time for parents. But new research has revealed the best and worst dates to buy a selection of popular gifts, including some of the best toys and perfumes, as well as things like TVs, coffee machines and smart watches.
To determine the best and worst dates to buy, expert analysts at price comparison site idealo.co.uk have used their price history data to predict the best dates to buy products across popular gifting categories that could save shoppers hundreds of pounds.
Katy Philips, senior brand and communications manager at idealo, commented on the findings: “It’s interesting to see that for many categories, the key to success when landing a bargain is holding out until around October and November when buying gifts."
But as well as showing the best time to buy, the data also shows the worst, and most expensive, times to buy.
The best and worst dates to buy popular Christmas gifts
For example, according to the research, the best time to buy a games console is just before Christmas, on the 19 December, where you will pay an average of £275.45. But if you purchased a couple of weeks earlier, on 4 December, you'd pay an average of £313.33, £37.88 more.
Similarly, the best time to buy a smartphone is also 19 December, when you'll pay £325.91 on average, compared to £358.72 on average if you bought it a few weeks earlier on 8th November. By holding off, you can save £32.81.
While some of the best dates to buy have passed for 2023, the research suggests that Black Friday is a great time to snap up a deal. Perfumes, trainers, hair stylers, PS5 Games and balance bikes all have their best price around Black Friday and Cyber Monday, so it's worth starting your research now, choosing which you want to buy, and then keeping a look out for in the Black Friday sales.
Katy Philips from idealo adds: "When looking for a bargain, always remember to use idealo’s price comparison app which allows you to search for the best prices across a range of products and set price alerts to get the best deal. At a time where saving money is paramount for some, being able to check multiple retailer costings at once can prove a hugely helpful resource.”
If you're keen to bag a bargain over Black Friday, it's worthwhile knowing when Amazon Black Friday is, and the hidden benefits of being a Prime member, so you can take full advantage of the discounts. We'll also be scouring the internet for the best offers and discounts so you don't have to - sign up to our newsletter so you don't miss out.
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