It’s safe to say that the smartphone industry is a pretty quick moving sector. As soon as you think that you might be up to date with the latest device, a new one comes along, and you find yourself battling the desire to dip into your savings yet again, just so you can have the best on the market. For those of us who can’t simply upgrade our phones on a monthly plan with a contractor, it’s essential to think about how you might be able to pay less on your smartphone. This way, you can get the tech that you want, without breaking the bank. Here are some quick tips to help.
Reduce Other Monthly Payments
If the problem with you getting the latest smartphone is that upgrading would make your monthly fees too expensive, then why not get rid of other costs? Perhaps you could cut down on the number of subscriptions you have to streaming websites, or maybe you could think about consolidating your student loans. Refinancing student loans can give you a longer time to repay with a favorable interest rate, and is one of the easiest ways to benefit from the boost that’s happened to your credit score since you started borrowing for your education.
Buy the Handset Outright
While buying a new handset outright might not seem like much of a money-saving option when these products usually cost thousands, it does save you cash in the long-term. Buying a handset outright means that you’re not locked into any long-term monthly repayments that could add up to a lot of interest over the years. You also get the option to look into things like buying second-hand models if you need to save some cash.
Get a Refurbished Model
You’ll be surprised how quickly some people get sick of their new phones. If you’re willing to wait a month or two before you upgrade, then you might be able to find a refurbished version of the product that you want on Amazon or other selling sites. This is a great way to get your hands on a device that’s as good as new, but available for a fraction of the price. Remember, refurbished handsets have been fully cleaned and reset to their original condition.
Finally, probably the easiest way to reduce the amount that you spend on your new smartphone is to take the time to compare your options. There are countless phone and gadget companies out there that are all competing to get your business. If you’re willing to take some time to look into the different options available, you might find that you can save a fortune on everything from monthly fees to the cost of the handset too. What’s more, there are even companies that give you freebies when you sign up with them, like a new headset or something to go with your shiny new phone.
If you’re ready to join your friends and show off the latest iPhone or Samsung device, the tips above will help you to get the tech that you love, without draining your bank account.