Spending Less on Back-to-School Electronics

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electronics savings tips

Electronics are on the back-to-school shopping lists of more than 55% of families with school-aged children, according to a National Retail Federation survey. If you’re among those planning to buy a computer, tablet or smart phone for your kid, Kiplinger’s provides 8 simple tips to spend less on back-to-school electronics.

  • Shop on sales tax holidays—seventeen states will have sales tax holidays in July and August that will allow consumers to purchase back-to-school items, such as clothing, computers and school supplies, tax free. If you live in these states, plan to do you electronics shopping on a sales tax holiday—it could help you save 4% to 10% depending on your state.
  • Shop online—shopping online makes it easy to compare prices from several retailers. And there are plenty of sites that do the bargain hunting for you. Dealnews.com has a page devoted to the best computer deals; Amazon and PriceGrabber are good sources for comparing prices.
  • Take advantage of price-match policies—if you find a good deal online but don’t want to pay shipping costs, you might be able to get the same price in a brick-and-mortar store if it has a price-match policy. For example, Best Buy and Target will match Amazon prices.
  • Buy refurbished—you can save a lot by purchasing refurbished tech items, which are used but restored to like-new condition and usually have a one-year warranty. Try Apple.com, BestBuy.com, Dell.com, Newegg.com and Walmart.com to find refurbished electronics.
  • Take advantage of trade-in programs—one way to pay less for new tech items is to trade in a used item. A number of retailers, including Best Buy and Radio Shack, have trade-in programs that offer cash, a gift card or credit that can be applied toward the purchase of a new item.
  • Look for bundles—look for bundle deals, which are popular back-to-school promotions among tech retailers. The deals typically include a gift card, printer, gaming console or other accessory along with a laptop—at a price near what you would expect to pay for the laptop alone.
  • Get a free phone—mobile phone service providers, such as AT&T, Sprint and Verizon, often offer free smart phones when you sign up for a two-year service plan. Considering smart phones usually cost $200 or more, this can be a major savings. Or you could buy an unlocked phone and cut the cost of a service plan by more than half by opting for a prepaid wireless provider.
  • Don’t splurge on features you won’t use—when buying a laptop for your child, look for systems with a dual-core processor (not a pricey quad-core setup). And you’ll spend about $270 less if you opt for Intel’s Ivy Bridge system—which should meet a student’s needs—rather than its new Haswell system. Also, say no to tech support and retailers’ extended warranties—your credit card might offer an extended warranty.

For more tips, please visit: http://www.kiplinger.com/article/spending/T050-C011-S001-8-ways-to-spend-less-on-back-to-school-electronics.html.

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