Longing for a new phone but lacking an adequate budget? Upgrading to a new phone means adding more features and more money also.
It feels frustrating when the year-long saving falls short of covering the price of the new phone. You are so much desperate to get a new phone that you thought of getting a bad credit loan from direct lender.
A phone is categorised under luxury items. Borrowing for this purpose is just not right, although there is no restriction also. Try to skip this idea as it is not going to help you.
It is because you have to pay more prices for the money you will borrow. It makes no sense to spend money more on the already expensive money. At this stage, the best thing to do is to put extra effort into saving more.
Hold your purchase till you manage to salt away sufficient money. Wondering if it is ever possible to save adequately? If you follow some tips and tricks, the answer would be ‘yes’.
It is not tough to manage money for your new purchase if you pay attention to some financial habits. Take a look at this blog to understand the different arrangements you can make for additional savings. It will just take a few minutes of yours.
Financial hacks for saving money for a new phone
Oftentimes, stashing money for some exclusive purchase seems like a daunting task. But the effort you put in to save money is worth it. No wonder it will take more time to get your hands on the item.
The biggest comfort is that you don’t have to create debts for this. You can make the purchase with a free mind.
Look through and implement these suggestions to make this dream happen.
1. Trim extra outgoings
You have to be strict with yourself. Control your overspending habit, as it will help you salt away some money every month. First, monitor your expenditure very closely.
You can easily point out the areas where you are spending unnecessarily. Refrain from spending for these purposes.
Stop buying clothes if it is not absolutely necessary. The amount you spend every month for a new dress when added up for 12 months, can easily cover the amount of the money.
You can now see how simply by cutting back on expenses, you can save money on your phone.
2. Exchange your old phone
If you are still away from the amount you need despite repeated efforts, use your old phone to make up for the remaining amount. How? You can ask the retailer for an exchange offer.
Many retailers are accepting such offers. Negotiate to get the remaining amount covered.
This facility is available with various online retailers also. You can check out for offers. You can even wait for offers to pop up in the festive season.
This way, you will be able to make the right use of your old phone which is going to be of no use once you get the new phone.
3. Look for an instalment facility
It might be difficult for you to pay the price in full at one time. You can check with your retailer for easy instalment options. Please note that you will have to pay more interest if you opt for this alternative.
Go for this option if you cannot wait for more. The best part is that you will have to pay in small amounts. It is conveniently manageable for you.
Although the overall price would exceed the actual price, you will be able to obtain the phone just when you want it. No need to delay the purchase for financial reasons.
4. Approach the manufacturer
Don’t forget to check the manufacturer’s website! You will be able to spot the price difference. Above all, the manufacturer offers additional benefits that might not be available to retailers.
You will be required to meet some upfront fee. But the additional expenses will get reduced when you approach a manufacturer. Besides, you can cash in extra facilities like storage, return policy and service assistance.
It is like an offbeat approach. You can definitely give it a try so that you can make additional saving while purchasing your dream phone.
5. Understand the specifications
At times, you spend money unnecessarily on settings and features that are not useful for you. For example, you don’t need more storage. Rather you need good camera settings.
You can reduce the storage to get the desired camera feature on your phone. Conduct research for specifications, so that get the phone with the right requirements.
The more time you will give to exploring, it will be easier for you to pick the right phone with the right settings.
6. Pick an older version
Prices of phones gradually drop after a few months. If you are ready to wait, it is the best decision. The features will remain intact while the price will fall only.
You can check both online and offline from time to time. You can even set some notifications that will remind you once the price gets reduced.
Consider getting an older version instead of the latest version. It will help you purchase the phone within your limit.
The bottom line
You get tempted to buy this new phone just after its launch. It has been packed with features that you wanted in your phone. But the budget has become the biggest constraint for you.
Considering quick loans for bad credit obtainable on the same day might seem the right idea. Did you know you have to spend extra money just to get the phone with loans?
You can proceed in this direction if you have no problem with the idea. Step back if you find this idea useless. You need not have to feel disheartened as there are other ways to arrange cash for your purchase.
Make the most of the smart tips to help you stash money for your phone purchase. You are lucky to have noted all the points while reading this blog.
Happy Buying!
Emma Anderson is a financial advisor at Quickloanslender who always believes in researching hard to know her clients’ financial problems. She takes the time to understand their financial wants and needs to write the blogs on them as the solutions. In her long 14 years of experience, she has written plenty of blogs on the financial and business sectors of the UK.
Emma Anderson has been recognised for her work in financial planning and her blogs are regularly published in the website of Quickloanslender. As far as her educational qualification is concerned, she has done Masters in Accounting and Finance, and done PG Diploma in Creative Writing.
