There’s only so much you can expect from people on your birthday and at Christmas, isn’t there? So how can you get hold of the latest tech on the market? How can you be the owner of an X-Box One or a PlayStation 4? Here is our guide to the best ways to be able to afford the latest gadgets on the market.
Make a trade.
There are plenty of high street stores that will buy your old gadgets off you: CEX and Game being two prime examples. There are also a plethora of online stores that will do the same, from Music Magpie to Mazuma Mobile. Most of these places pay cash or cheque, meaning that if you have a treasure trove of unwanted old technology, you can trade it in and maybe put a bit of that money towards something brand new.
The dreaded word: savings. Before you start to try and explain how little money you have in the first place, and how you don’t save, think of it this way. If you put away £50 a month, in eight months, you’ll have enough for that brand new PS4 you’ve been after. That’s not so long, and it’s not that much to put aside. A few nights out, a game, that’s all it costs each month to afford it. Saving money might not be the easiest way to afford something new, and it might not be the quickest, but it is the safest. You don’t rely on another company to give you money, or to value your old tech, and you don’t have to pay anything back with interest.
Take out a loan.
The last option also seems like the easiest and quickest option. You can take out a loan for the value of whatever it is that you want, the money will be in your account quickly, and you’ll be able to spend it instantly. Of course, you’ll have to pay it back, but then, you’ll have the gadgets or tech that you were after in the first place. If you do consider going down the loan route, then you might be interested in Totally Money’s ‘Cheapest Ways to Borrow’ tool, which can help you work out the least expensive way to borrow money for your situation. It may suggest a credit card is the cheapest way or if you’re looking at paying it off over a really long time, a loan may be for you.