Got Cash? Here Are 7 Ways to Spend Your Dough

Clothing

With fewer consumers heading to the malls and store managers struggling to move inventory from the floors, deals abound at local clothing retailers.

"The real question is where aren't there deals," said Stacy Janiak, the vice chairman and U.S. retail leader for Deloitte LLP.

"You can't go to very many places and not find some promotion, discount or offer to take advantage of," Janiak said. "You can walk the malls and still see 20 percent off or 50 percent off; the apparel industry is struggling."

Until stores can move old inventory out and new inventory in, customers will continue to thrive off sales that boast the slashing of prices and many two-for-one deals, Janiak said.

Furniture

For people hit hard by the economic downturn, spending money decorating their homes or replacing old furniture is the last thing on their to-do list.

So, for consumers who are willing to spend on furniture and home decor, deals are plentiful.

"Right now, it isn't really a bad time for anything, even home redecoration," Deloitte's Janiak said. "Any big ticket item that has been something that consumers have been holding back on will be on sale right now."

Jim Green, a furniture industry insider, said that consumers who are willing to haggle could come away with furniture at discount prices.

"Absolutely, without question, there are furniture deals to be had," Green said. "Every furniture company needs business dramatically."

Green advises people who are willing to spend cash on furniture to negotiate on upholstered items more so than wood pieces because of the price of manufacturing.

"A consumer who walks into a retail store will have better luck negotiating for a special-ordered sofa than they would a dining room set," he said.

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