Use Gadgets to Save Money and Repay Your Debts

There are numerous free resources like mobile applications, websites and shopping guides that help people reduce their monthly household costs and drive up their savings.  However, most of them aren’t aware of the ways to cut down on their expenditures as far as electronic devices and services are concerned.  This is because people don’t seem to have enough of them and so, they rack up their technological costs.

So, if you want your tech budget to work the most for you so that you can get hold of some more electronic devices, then you’ll have to acquaint yourself with the tricks to save money by using them.

Ways to Save Money by Using Electronic Goods and Services

Here are some of the ways to cut down your monthly tech costs and build up an enormous amount of nest egg over time:

Get a Cable Modem

In order to save money, one of the best things you can do now is to join the Rafflecopter Samsung LED HDTV giveaway, which can be found at the end of this article, and do away with the cable TV.  Instead, you may buy a separate cable modem for your entertainment.  Though initially you’ll have to put in some hard work, yet the savings that you’ll make is commendable.  So, you must cancel your monthly cable TV subscription or Internet modem, if you are yet to do that and take advantage of the cost-effective entertainment option such as this (cable modem).  These cable modems are quite affordable and you can also recover the leasing charges pretty quickly.

Use Money-Saver Strips

Another elegant way to save money on tech use is to employ smart strips.  These surge protectors have saved a lot of money for their users and so, it can do the same for you as well.  Additionally, these strips function as a guard against electric shocks or to prevent getting electrocuted.  However, newer models of these strips are found to be more efficient since they can now reduce energy consumption, too.  This will help in to lower your power consumption, thereby reducing your monthly electricity bill.  Actually, these strips kill standby power (phantom or vampire power) that is consumed by a lot of electronic devices when they are not in use.

Take Care of Your Gadgets

You’ve invested your hard earned money by purchasing them and so, regard your gadgets as your assets.  These are in a way your future sources of fund.  How?  Here is how to get access to such a financial resource.  Make a list of all the gadgets that you have, be it laptops, cellphones, gaming devices, and so on.  Evaluate each one of them and see if you require or intend to use them for the next 1 year.  Whatever item that you don’t require, put them on for garage sale.  Or maybe you can list those gadgets for sale in various online shopping carts.

Opt for Used Gadgets

Using a second-hand (refurbished) electronic device or gadget is another suitable option to save money.  Though you may have a misconception like many others do that used electronic devices must be avoided at all cost, yet in reality they work just as fine as any other new electronic device would.  For instance, you may get to use an iPhone at much cheaper rate, if you buy a used one than if you choose otherwise.

Yes, it’s true that new gadgets come with untainted protective covering and that, too in a sealed package.  Apart from that, you get to experience a brand new shiny object first-hand and the gadget is still under the warranty period.  However, if you are languishing in debt and can’t afford to spend hundreds of dollars extra on these items, then a refurbished gadget should be your first love.  The fact is, with greater savings you’ll be able to make extra debt payments, thereby getting rid of your financial woes faster and at the same you’ll save a lot of money on interest paid towards those credit accounts.

The Rafflecopter TV giveaway below was made possible through the generosity of QuoteMeAPrice who specializes in selling structured settlements, annuity and lottery payments.

a Rafflecopter giveaway

Jesse Fin
 

Jesse worked as a journalist for a large tv station in Korea in her past life. She now works full time at home as a blogger and loves to help her friends manage their personal budgets.

Click Here to Leave a Comment Below 2 comments
Brick By Brick Investing | Marvin - May 8, 2013

We always buy second hand electronics. It seems like there is always something better coming out so we’d rather wait and get the discount than have the newest shiniest toy.

Reply
    Arnel Ariate - May 8, 2013

    That’s a good strategy, Marvin. I, too, do that. Also, when I am tempted to buy new gadgets, I force myself to think of my more important financial goals and see the bigger picture.

    Reply

Leave a Reply: