Stopping gadget hysteria from draining your bank account
Emily Dooley
Aug 31, 2009
If you’re a gadget freak, that habit can waste money. Even small purchases add up.
Feed the Pig offers some tips about how to trim down your gadget budget.
First, take a month or two of gadget receipts and add them up to show what you are really spending. Set a budget number that seems acceptable, and start working on how to reduce your spending.
Feed the Pig, a joint venture between The Advertising Council and American Institute of Certified Public Accountants, has some tips, ranging from easy to hardcore.
Cut off subscriptions—e-mail, magazine, listserv—that advertise new electronics or hot gadgets.
If you MUST have some gadget, shop for coupons online and for brick-and-mortar stores.
If you want to make a purchase of more than $100, take a week to think it over. Is it something you really need once you’ve had some time away?
Don’t get swallowed in by brand names. Buy what you need, forget the bells and whistles.
Before you go out to buy something, read product reviews to make sure it’s a worthy investment.
If you really want the latest gadget, create a fund and drop money into it occasionally. Even pocket change adds up.
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