Before you visit your nearest electronics or cell phone store to purchase the brand-new model of Apple or Samsung phone, you want to ensure that you are saving as much money as possible. The price of consumer electronics can quickly become affordable but following these money-saving tips can help you keep as much of it in your wallet.
If you already own a cell phone and are shopping for a new device, most retailers will buy your used iPhone or other device and offer you credit towards your purchase. Typically, retailers will recycle your old device by refurbishing and reselling it or mining it for parts.
By trading in your old phone when it is time to upgrade, you can end up saving hundreds of dollars on your new product.
You can also save money by purchasing the older model of a phone instead of the latest release. For example, if you purchase a Samsung Galaxy S20, you will have a phone that is comparable to the latest model, the Samsung Galaxy S21, but for a more affordable price. When the Galaxy S22 is released, you may want to consider upgrading again or just sticking with your phone if it continues to serve you well.
Another way that the price of expensive cell phones can quickly get out of hand is with all the add-ons available such as extended warranties. Although it may seem sensible to purchase an extended warranty on a major investment like an expensive cell phone, the standard manufacturer’s warranty is usually sufficient in most cases.
Finally, you have the option to ditch cell phone contracts altogether and stick with the more flexible and cheap prepaid phone plans. Nowadays, many prepaid phones have that same smartphone technology as many leading brand name competitors. Avoid costly contracts with long-term commitments by purchasing a prepaid phone and only paying for the services you need.
Many generic tech accessories and products are sold at a fraction of the cost of big-name brands, but still provide excellent results.
You can find major savings by purchasing popular items such as HDMI cables, USBs, headphones, adapters, power cords, docking stations, and more from generic manufacturers. In fact, many of these products can be found in the sales bin at your nearest store.
Note: It is important to conduct some research on products before you make any major purchases. Compare the different prices and specs of each product to find the one that fits your specific needs and budget.