Budget for sales

ALL savvy shoppers know the June/July period is the best time for finding a bargain whether it is locally, online or out of town.

Whatever you’re looking for you can almost guarantee that, come end of financial year, stocktake, clearance and run out sales will be making an appearance.

Kerrie Lacey owner of Fantasy Rags, Gladstone, said end of financial year sales were always a busy time for the CBD-based fashion boutique.

“We usually start our sales off at 25% as an incentive to get people into the store but the end of (financial) year sales will start on July first,” Ms Lacey said.

Ms Lacey said it had been a good trading season for her store and a lot of people had been buying winter stock.

She said she would now be looking at change-of-season stock and discounting the winter season stock on sale.

“I hope to have an interest in the sales as we have done in the past (at this time of year).”

Though this time of year is a great chance to grab a bargain people need to be wary of the financial implications of over-spending.

Mary Carlyon from Financial Framework Wealth Advisors said people had to look at what they earnt, needed to pay and needed to buy before going shopping.

“People need to be aware of their current financial situation and not buy products just because they are on special as they won’t be using it immediately – otherwise it is just money sitting on a shelf,” she said.

Shopping for a new vehicle is also a popular trend during June/July and Steve Spalding from the RACQ is urging people to think smart before purchasing a run-out vehicle.

“As the end of the financial year approaches, car dealers will be offering new cars at discounted prices and the temptation will be there to snap up a bargain – don’t buy impulsively,” Mr Spalding said.

Financial Framework Wealth Advisors offers general financial advice but people seeking individual tailored advice can phone 4972 8644.