Buying a Computer on a Budget

If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!

When buying something as potentially expensive as a computer, every penny saved on the purchase matters. Here are some quick tips for frugal computer buys.

1. Shop around. Make sure to compare computer companies’ prices to each other. For references, compare the price of the machine and the features it has. Once you get an idea of price differences between computer companies and eliminate companies that are too expensive, go to all your local retailers and see what the price differences are. Do not forget about online, where great deals may be found. By looking everywhere you’re sure not to miss the best bang for your buck!

2. Get your extra, extra? Be sure to look at the features the computer is offering. The price usually coincides with how many extra features are on the machine. Go through these features carefully. Do you need all of those extras that jack up the price? You can buy some models that just carry the necessities such as Word and the internet. Think about what the computer will be used for, because most families only need these basic options. By eliminating all the extras it eliminates that inflated cost. Consider buying a basic computer and installing only the software that you need. Many virus software products are given for free at school or work. So why pay?

3. Consider a used or refurbished computer. If you’re not a junkie for the hippest technology, a used computer could help you save. Most used computers will still last 3-5 years and take hundreds off the price. Some computer companies such as Dell now offer refurbished computers. They take used machines and update them to run like new. Just be careful, refurbished can get expensive. So don’t forget to compare.

4. Keep a look out. Do not rush into such a large purchase. Keep your eyes open for either stores that are having promotions or computer companies that have limited deals. Many times companies will promote their product by discounted prices. Do not let a steal slip by you!

4. Check into school or work discounts. Many schools, colleges and workplaces offer discounts on computer buys. Many establishments have agreements with certain computer companies. For example, New York State workers get a percentage off computers purchased from Dell. Schools that mandate computers usually have a program to help students get a better bargain.

5. Avoid financing your computer. Compared to other loans, interests rates for loans used for computers are extremely high. All the money saved in other aspects will be pointless if you’re spending that savings on interest. Instead, save for the purchase or get a cheaper computer that won’t put you in the hole.

6. Don’t be afraid to ask. If you just ask, some stores will allow you to buy the demo computers at discounted prices due to some use. What’s a minor scratch or ding if the computer still works well? We all know looks can be deceiving.