Hack Your Budget to Afford New Tech


Let’s be honest for a second.

Keeping up with the latest models of electronics is an expensive habit. Phones, games, cameras, laptops, the list goes on. You want the new models so you can experience the cool new features, but your bank account might not agree!

Luckily, there are ways to hack your budget so that you can still buy the gadgets you want without going broke. Keep reading to learn more!

Brush Up On Your Financial Knowledge

Even if you think you know everything there is to know about managing your money, it doesn’t hurt to brush up on your skills. Take a little time to educate yourself on how to make a proper budget, use credit without going into debt, and save for the future.

There are plenty of programs out there that can help improve your personal budgeting habits.  For example, SkyCap Financial, a personal loan provider, also offers its SkyCap Financial University program, which is offered free to the provider’s customers and offers a range of basic financial topics that you can use in real life.

Make a Savings Plan 

As a kid, your parents probably made you save your loose change in a piggy bank until you could buy that toy or video you wanted. Now that you’re grown up, you should approach saving the same way!

Calculate how much money you want to spend on new electronics each month or year. Then, based on your income, you can figure out how much you will have to set aside in order to afford that coveted gadget. You might have to cut some other non-necessities from your budget but if you want that new phone badly enough, it’s worth it! 

Start a Side Hustle

For many people, your regular old salary is not enough to cover living expenses and hot new tech gadgets at least once per year. That’s where side hustles come in. This can be anything you love to do that makes you a little extra spending money.

From walking dogs to taking online surveys to selling homemade baked goods, there’s a side hustle job for everyone! Figure out what you are good at that could make you a bit of cash. Need some ideas? Try driving for Uber, selling items on eBay, delivering food with PostMates, or create your own online course (on any subject you’re passionate about) on Udemy.

Next, calculate how much money you’ll need to afford the electronics you want, then use that number to determine how many hours (or jobs) you’ll have to work at your side hustle to make it happen.

No matter what size your budget is, you can still afford to buy the latest phone, computer, or other tech gadget. It just takes a little bit of work towards your financial wellness! Educate yourself on practical money subjects, set aside cash for an “electronics budget,” or make some extra cash with a side hustle. For best results, combine all three! Not only will you have awesome new gadgets to play with, but you’ll also be great at managing your money.



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