The Best Time of Year to Buy Essentials

August: The Best Time to Buy a Swimsuit

Why: Stores are eager to clear out summer leftovers, so you'll dive right into savings by holding out until then. Additionally, some websites, like victoriassecret.com and everythingbutwater.com, will have abundant inventory that's on sale. And because many suits are sold as separates, you can update an existing suit by picking up a new top if you already own, say, coordinating black bottoms. Another option: Wait until next May, when the warm weather prompts retailers to promote swim gear as shoppers begin to spend their time outdoors. You'll find prices slashed up to 50 percent.

Your savings: From 40 to 70 percent.