1. Paying for an extended warranty
Some of the common mistakes everyone makes don’t cost much. For example, many shoppers choose the fastest delivery option — which can come with higher shipping prices. If you’re buying something small, you can probably afford to eat the cost. If you want to save money, it’s best to wait a little longer and stick with free shipping. But some mistakes are way too costly to make. Here’s one, you shouldn’t buy an extended warranty on electronics you buy online. Most failed appliances will break down within the first 90 days. Otherwise, they’ll probably fail after around five years. So before you buy an extended warranty, consider the total cost. You’re better off putting it in your savings account or investing it so it can grow into more money down the line. Then again, you could always spend the extra money on another gadget that will make your life easier. Tap or click here for seven tech gems that save you time.
2. Paying full price
Always look for deals and discounts. Look for alternative items and similar brands, as well. You may believe in one brand, but a similar brand might have the item you want at a much lower price. You can also benefit from midseason or holiday sales. Labor Day is coming up, so you have many deals to look forward to. Another way to stop buying expensive electronics at full price is to use Honey.
3. Not trading in your old stuff
Let’s say you want to upgrade your smartphone. You currently have an iPhone 12, but you want the iPhone 13. You’re making a mistake if you buy the new phone and leave the old one lying around to collect dust. After that, you’re good to go!
4. Buying the “best” version when you don’t need it
Perfection can be pricey. Maybe you want to buy the latest and greatest for bragging rights. But if you don’t have money to throw around, consider purchasing an older model. Shop for refurbished devices. These are gadgets that other people have used. Since then, they have gone through a rigorous restoration process.
5. Buying no-name electronics from third-party sellers
One of the biggest mistakes people make when buying electronics online is choosing shady sellers. Many shoppers are starstruck by low prices. They don’t look at the brand and see it’s not from a well-known electronics company. When it comes to devices, you get what you pay for. It’s just not worth taking chances on Chinese knock-offs. Stick with reliable brands with good reviews from trustworthy sources like Consumer Reports.
