It’s that time of the year again, and no I’m not referring to Easter and its countless treasure hunts. Rather, that time where smartphone manufacturers and innovators persuade you in spending your last buck on their latest masterpiece. Mind you, that masterpiece is an exact replica of the one BrandZ had two years ago.
Technicalities aside, I genuinely find joy during this time of the year. For I get to do my favourite things; Play around with new tech and shop around for my latest gadget. I have my eyes set on the Samsung S7 Edge, thank you for asking. But its not always a walk in the park deciding on that perfect device. There are a number of things that you need to consider before you even think about which phone you want to purchase.
For starters, if you currently have a smartphone or a cellphone, chances are you’re already in an agreement or contract with a particular network. Breaking that agreement can be costly — those early termination fees are designed to keep you there, not let you easily switch networks. Plus, if your network’s service works for you, there’s little incentive for you to switch to a different provider unless you can get comparable service while saving money.
You also might be part of a family plan, or maybe your employer has an agreement with a specific network to offer employees discounts on their wireless service (always worth asking!). These situations make it a little more difficult to jump from network to network every time you get a new device.
But maybe you’re due for an upgrade and your contract has lapsed, or maybe you’re so fed up you’ll do whatever it takes to switch. Either way, you’ve got a lot of decisions to make. If all else fails, its always good to explore avenues where one can save an extra buck – or two.
For starters, If you have access to public transportation, you can save quite a bit of money on gas, parking, and maintenance over time if you make use of it. If the thought of having an awkward warm feeling between you and the stranger next to you in the Gautrain is terrifying and you absolutely love the freedom of your own ride, King Price’s decreasing insurance premiums are a good place to start. Because premium’s decrease every month, you’d be able to save enough from your car insurance for a new device annually.
You might also want to dig through your closets or garage and look for items you no longer use that may have value, then sell them on an online listing service. Also, look at the services you pay for each month and determine if the money you’re spending is truly worth it. If not, just drop the service and look for other options that can accomplish the same thing for less.
Trying a few of these strategies could lead to huge savings down the road. Meanwhile, trying all of them could literally transform your financial future – one decreasing premium at a time.