Let’s face, we all want the latest hot tech gadgets at our fingertips as soon as they are launched onto the market. Unfortunately, iPhones and iPads – and pretty much everything Apple – are expensive, even for those who might not be on a strict budget. However, there’s no reason to give up on your dream of owning a brand-new gadget with all of the hottest features available. By working to save up some extra cash, you’re able to purchase the tech that you want without it breaking the bank in the process. Having an understanding of when the gadget will be launched can give you an idea of when and how you should start saving.
Get to Work
Working to earn extra side income is easy, quick and can truly add up right away. This could be as simple as doing some side projects for a friend or relative, or it can be as complicated as getting a second part-time job. If you already work full-time, consider asking your manager or employer about extending your hours. Just a few extra hours of work every week can give you the money that you need to buy the phone or tablet that you have your sights set on. Now is as good a time as any to ask for that raise or promotion that you’ve been wanting for years. There are even some quick ways to obtain cash online, whether this be writing, doing surveys or playing money-based apps and games. Keep in mind that you’ll want to start earning some extra cash early on so that you have accumulated enough for when you want to buy the device.
Sell Old, Unused Items
Most of us have unused items sitting around the house collecting dust and taking up space. Rather than letting these things continue to get in your way, it’s a smart idea to get rid of everything by selling it to local or online customers. There are plenty of online garage sale sites and pages that you can utilize when selling unused items. You just take pictures of the product, list it on the internet and include a price with it. The potential buyer will then make arrangements with you to come and pick it up while giving you cash for it.
This is a great method for obtaining a lot of cash in a short period of time, especially if you have an entire garage to clear out. You can even set up a yard sale for people to come by locally. This eliminates having to set times and dates to meet up with online-based buyers. The key to making quick sales is to avoid overpricing your goods. When you overprice used products, people tend to lose interest and it’ll take longer to find someone who is willing to make an offer.
Refinance Student Loans
Those old student loans can be a real headache when it comes to trying to save money. Unfortunately, most loans have high interest rates and ridiculous repayment terms. This hefty monthly bill can really eat into your budget, making it difficult to afford new gadgets and devices that you either want or need. The best way to eliminate the costs associated with these loans is by refinancing them. Refinancing a loan simply means that you’ll receive new repayment terms and a lower rate. In turn, this lowers the monthly bill that you have, freeing up some extra cash that you can put away to buy a new phone or tablet.
Put Money Away Automatically
Having to remember to put money aside every single week or month can be a problem, especially if you have a lot of other things going on. Fortunately, the majority of banks offer automatic transfers from checking to savings accounts. You set up how much to put into savings each week or month and the bank transfers it automatically for you. You’ll be surprised at how much you are able to save up at the end of the year, providing you with the cash that you need to buy the latest tech on the market.
Eliminate Unnecessary Shopping
Most people like to enjoy themselves when out with family and friends. Unfortunately, overspending is a real problem and can cause issues not only with debt, but with obtaining the funds that you need to purchase new electronic devices. One way to cut overspending is to take a serious look at your budget. See where you’re overspending and make a plan to avoid doing it again in the future. For instance, if you are noticing that a lot of your financial issues stem from eating out all the time, try to start cooking up meals at home. The money that you save by not overspending can be put away for future tech purchases that you’ll make.