According to a study done by the Consumer Electronics Association, the average American adult spends $1,200 on electronics each year, and the average American household has 25 consumer electronic products. Americans love their electronics. With this in mind, saving on electronics this year should be on top of your money management priorities. If you love your electronics, but would rather save some of that $1,200 this year, use these four tips to get your electronics for less.
Purchase Electronics on Sale
The easiest way to spend less on electronics is to wait to buy them until they go on sale. Instead of rushing out to buy the newest items as soon as they come out, take some time to compare prices and watch for sales. You may be surprised how much you can save by simply waiting a couple of weeks. Black Friday is a particularly great time to find an amazing deal or even waiting till Cyber Monday might be a better option as it is specifically for electronics. The savings that can be had just on those two days alone can be astronomical.
Buy Only the Features You Need
It is a salesperson’s job to try to sell the most expensive electronics that they can. Don’t let their mission ruin your budget. Instead of simply buying the device the salesperson is trying to sell you, do your research ahead of time. Figure out exactly what you need and what you can afford to pay. There is no need to buy a top of the line camera or computer, for example, when the one that costs half as much can do everything you need. The only problem that comes with this is that it may be a little harder to find older models as most retails stores try to stock their shelves with the newest and most expensive products.
Purchase Used Electronics
If you really want to save money on your electronics, consider buying used. Many used and refurbished electronics, such as those sold at pawn shops like ez cash in Columbus, work just as well as new electronics but they cost a fraction of the price. See what you can find at your local pawn shop before you rush right in to the big box store and pay full price.
Sell Your Unused Electronics
If you need money for more electronics, consider going through your current collection to see which electronics you do not use anymore. If they are still in good working condition, you can probably get a good portion of your money back by selling them. Some places will even take electronics that don’t work anymore.
Whether you want to keep up with all the latest electronic gadgets or you simply want to purchase a few basic items to help you complete your tasks at work or at home, there is no need to pay more for electronics than you need to. Next time you are in the market to buy something new, use these four tips and you could save yourself hundreds of dollars.