MORE BANG FOR YOUR BUCK: January retail sales

RICHMOND, VA (WWBT) - January is one of the slowest months for retail sales, according to the National Retail Federation. It's one of the best months to score some of the lowest prices on last years in-demand products.

Christmas is behind us and retailers want and need to clear space, giving you the opportunity to save big on certain merchandise.

If you do you own taxes, you may want to get your software now. According to, providers like Turbo Tax and H&R Block are offering 10, 15 or 20 percent off the regular price. FatWallet shoppers can get up to 15 percent cash back on what they spend.

If you need to get away, going in January can save you some money. People are burned out after the holidays, so vacancy is high - especially at casinos. Need new luggage for your trip? FatWallet recommends waiting a few months. Prices will drop in anticipation of spring break and summer vacations.

There are only a few weeks between Christmas and Valentine's Day - and that's when you'll find jewelry and perfume bargains. The closer we get to Valentine's, the higher prices will go. The best time to find these deals is during the first two weeks of January.

It's cold outside but there are hot sales on winter apparel. Post-Christmas sales have coats, gloves, hats and scarves at some of the lowest prices of the year. FatWallet says you can wait until March for even deeper discounts, but most of the merchandise will be picked-over by then.

Video games are one the most popular gifts. If you didn't get the one you wanted, now you can buy it for less. Retailers are trying to clear the shelves and some of the best sellers that were not discounted before the holiday, now will be. also says you can expect big deals on TVs, home electronics and exercise equipment this month.

The site recommends avoiding laptop and computer upgrades until March, when prices will likely drop.

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