- Emma Anderson
- March 4, 2020
Imagine a scenario. You push the button on your laptop, but the screen did not flicker to life. After hours of calling everyone who could assist you with it and using a ton of internet hacks, you only discovered that your laptop conked out.
There is no doubt that you cannot manage without a laptop, whether you are a student or an entrepreneur. A computer can be more expensive than a laptop, and they are not portable. Everything is costly nowadays – food, clothing and shelter – let alone laptops.
It is not surprising that you do not have money to pay for a laptop outright. Even though you have put your money aside to buy a new laptop, your funds may get shorter at the time of buying it. Here is what you should do:
Set a realistic budget
It is a common thing that you save money for a specific purpose, but you end up with a cash shortfall. Have you ever wondered why it happens? You do not set a realistic budget.
For instance, as you get to know that you will need a laptop down the line, you start stashing away a fixed proportion of your money, but most of the time it is a random percentage.
The rule of thumb says that you should research the market to evaluate the pricing of a laptop. With research, you will have an idea of the minimum amount you will need to buy a laptop.
If you need it quickly, you will have to put aside a larger proportion. Make sure that you include the room for additional spending as the prices may have gone up by the time you buy it.
Since it is a fixed expense, you should follow a realistic approach to make a budget.
Look for discount deals
The best way to save some money is to use discount deals. Be on the lookout for sale offers. You are more likely to get such deals at the festive season.
If your friend works at your store, you can use the staff discount. Online stores like Amazon can help you avail a laptop at a reduced price. However, do not forget to check the warranty period.
When you place an order, make sure that it has got all the specifications you want in your laptop. Ensure that the deal is a bang for your buck.
Take out home collection loans
Even though you make a realistic budget, you may face a shortfall of cash. It is the time when loans can help you fund your needs. You can apply for any short-term loan as long as the amount you need falls within the disbursal range.
If you are a student and looking to buy a laptop, you cannot take out a short-term loan. To apply for these loans, you should have a full-time job to prove your affordability.
Therefore, the only option you have to fund your laptop is doorstep loans. Home collection loans come with no credit check policy. A representative of the lender will visit your home to evaluate your income statement. Remember that you must have an income source other than a full-time job.
To get home credit loans, you can show income from your part-time job, freelancing or rental property.
Use a credit card
A credit card can be an ideal option if you have to fund only a small amount of money. It is senseless if you finance your whole laptop pricing with credit cards. It may be costly as interest rates can be higher than short-term loans.
Credit cards do provide a grace period but not for all transactions, and if you do have, it will ask you to pay the whole of the money outright within the grace period. If you fail to pay off the bill, interest will add up quickly, and you will likely fall in a debt cycle.
Buy a refurbished laptop
If you cannot afford to buy a new laptop due to any reason, a refurbished laptop can be your choice. It is the one returned to a manufacturer because of any default. The company then mends the defect and sell it at reduced prices.
The warranty period might be smaller. Though you may get these laptops at reduced prices, they cannot be as perfect as a new one. At the time of buying such a laptop, do not forget to scrutinise specifications.
Of course, a laptop is a necessity, and surviving without it is all but impossible. If you have to buy a laptop, make sure that you have saved enough money. In case you fall short of cash, you can fund it with home collection loans and credit cards.