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7 Shopping Tips To Save You Money When Purchasing A New Gadget

There seems to be a gadget for almost everything today, and humans cannot resist the urge to purchase new gadgets constantly. Tech companies have picked this obsession and have invested thousands of dollars in TV commercials, social media ads and city billboards to make us think about these shiny devices almost all the time.

Yes, we know these devices make your life easier and merrier, but don’t let new gadget obsession clean your bank accounts. Whether you want to upgrade your TV or are eyeing a new phone, consider these seven tips when shopping for your new gadget:

Do a market research

Please don’t just wake up, go to a tech shop and buy a new device. Walk around several local shops and search online for your preferred gadget. Compare the offers and check other user’s reviews before making the purchase. Note that high prices do not indicate high quality, so check out features, warranties and cashback options before settling for a device.

Shop at the right moment

As you may have noted, there is a particular time of the year when tech companies give offers, gadget deals, coupons and discount codes to upscale their sales. These times are usually during the holidays, the company’s anniversary or the end year.

Take advantage of such offers to get good deals on high-quality new gadgets.

Shy away from newest releases

For most of us, we upgrade our gadgets not because the old one is incapacitated but because we have given in to the pressure of buying the latest release. The newest models are expensive because of the competition. If you want to save money, opt for older versions of the same gadget. They have most of the same features (if not all) and are more affordable.

Use credit card rewards and promo coupons

Some credit card companies reward you with points when you buy goods and services with their card. Redeem these points to help pay for all or part of the money.

Some Tech companies collaborate with independent bloggers and affiliate sites to give promotional codes and discount codes to customers. Search the device you want to buy on Google and check if you can get any discounts at a particular time.

Shop for refurbished models

Refurbished gadgets are as good as new. Unlike second-hand devices, refurbished gadgets are repaired, faulty parts replaced and tested for quality. Go for the refurbished product if you want to save money because the refurbished model serves the same purpose as the new one at the end of the day.

Consider selling or trading in your old gadget

When shopping for a product on a tight budget, you want to save as much money as you can. Selling your old gadget will give you a few dollars to add to your savings for the new device. A well-maintained gadget will fetch you more money than a faulty and damaged device.

Some companies also accept trading in old gadgets for new ones. You may need to add some money to acquire the new gadget, but you will end up buying the new device at half the price. Trade-ins also demand a well-maintained device, so make sure your device is not too damaged.

Avoid taking an extended warranty

An extended warranty is suitable if your lifestyle or daily activities are likely to damage your gadget. For example, if you have small children, you may consider the warranty for your TV. The warranty increases the overall price of a device.

If you are confident you can take good care of your device, skip the extended warranty. This will cut some dollars from your buying price, thus saving you money.

Final Thoughts

Don’t let buying a new gadget stretch your pockets. Save money by going for refurbished products, trading an old device for a new one, taking advantage of discount codes, coupons and holiday deals.

Sahil is a serial entrepreneur and branding specialist. He also serves as a real estate investor and business consultant. He presently serves as the owner of The Brand Castle - Specialist in Search Engine Optimization (SEO), Web Design & Development and more.

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