You may have heard the expression Christmas in July -- for shoppers, it can be true!

The month is traditionally a slow shopping month, so there are great deals out there. You just need to know where to look.

July is the time to buy swimsuits and summer fashions. Experts said new inventory starts arriving in January, so stores begin marking down their prices in July.

It is also a good month to buy furniture. Stores are making room for new models.

Jewelry is also a good buy. Mother's Day, Father's Day and graduations are over, so July is a "non-gift-giving month."

You might want to pick up some travel deals. Hotels typically cut their prices in July.

Snag a new computer now, too. This is also a slow time for computer sales.