Here's Why You Need to Pay Attention to the Walmart Clearance Tags

The first Walmart opened in 1962 as a small discount store. Its idea was simple: sell more for less.

Over the past 50 years, Walmart has grown into the largest retailer in the world with over 10,000 stores worldwide — all while sticking to their original mantra. In fact, Walmart's prices are known for being low every day, but if you're looking to save even more, you'll want to head to the clearance section.

There's no better feeling than finding a great product marked down on clearance, no matter the store. But when you're looking at the price tags, is there a way to know if the price will drop even lower? There is, if you're shopping at Walmart.

Every clearance tag at Walmart has a date on it. The date indicates the last time that specific item was marked down. Typically, products will stay at the marked down price for a set amount of time, usually about a month.

After that, the item will continue to be marked down monthly until it sells or hits the markdown limit. So, it's worth checking those dates to see if you can pay a cheaper price on your next Walmart trip. That is, if someone doesn't snatch up the item first.

It's rumored that Walmart has a secret price tag coding system, but you will need to ask your local Walmart associates to see if your store follows the system.

Supposedly, if a price ends in "7," that means it's marked at the full Walmart price. If the price ends in "5," that might mean the product has been discounted once and may continue to drop — check the dates on the price tag to find out when it could be marked down again.

You'll get the best deals with prices ending in "0" or "1," as that price might mean the product has hit the markdown limit and is probably the lowest the price it will be.

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