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Strapped for Cash? How to Make Room in Your Budget for New Tech

Modern society often forces people to upgrade their devices to be compatible with new systems. That can be expensive, and the most important upgrades often cost the most, but simply skipping the upgrade is rarely an option. Fortunately, there are a few ways to get those upgrades when money is tight.

Sell Older Devices

Selling your old tech is a great way to raise funds for newer models. After all, you won’t need it once you have the upgrade, and it stops clutter from building up in your home. You will generally need to combine this with another method because most devices lose a large part of their value when a new model comes out, but it is a great way to make a start on saving up. In addition to the classic yard sale, there are a lot of different places that buy old devices, so it is a good idea to shop around and find the best deal.


Look for Exchanges

Many of the vendors that sell new devices will also reduce the price of their products in exchange for older technology. It is especially common when upgrading from an old device to a new model of the same brand since the company can use that kind of program to encourage brand loyalty. Some companies will even offer those upgrades for free as part of a normal service plan, which is especially common for phones. Always check for these special offers when considering an upgrade.


Personal Lending

Your old tech will bring in some money, but it probably won’t be enough to cover the cost of an upgrade. You can bridge the gap with small personal loans. More and more lenders are offering these small loans of a few hundred or even a thousand dollars, and they’re a good option for this type of situation. Their popularity means that there are enough competing lenders to ensure a good deal if you shop around, and fixed repayment schemes mean that it is normally easy to fit this type of loan into a planned budget.


Considering Your Options

Technology has become an expensive necessity for people in the modern world. There are a lot of ways to find money for an important upgrade and all of them can work well. The best thing to do is to consider all of the options to find the one that will work for you.

One way to get your tech upgraded for an affordable price is to bring it into Meade’s Repair Shop! We repair all kinds of products and even recover data. Contact us today for an appointment!

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