Everyone nowadays want to own a phone. Smartphones are more common because of the extra things you can do with them apart from making calls and sending SMS.

Buying a new phone is often difficult because of their high cost. Good smartphones cost at least 45,000 naira for android products and 150,000 naira for apple products. However, getting a new phone of your choice is not an impossible task.

QUICK AND EASY WAYS TO SAVE FOR A NEW PHONE

These simple tips will help you save towards landing that dream new phone.

1. WAIT

Yes, wait, don’t be in a hurry. When trying to buy a new phone sometimes, patience is a virtue. You can save up money monthly, weekly or daily to afford that dream phone if you wait. Also, when new phones are released, the prices are usually very high but they drop after a few months.

If you can wait for a few months for the initial hype that follows the release of a new phone to drop, you will still be able to buy that phone at a lower price when the price drops.

2. BUY AN OLDER VERSION

When or before new phones are launched, the prices of the older versions usually drop considerably. You can target this period by looking out for when manufacturers are about to launch a new product so that you can buy a new phone at a much lower price.

3. SELL OFF YOUR OLD PHONE

If you already have a phone but you just want to replace it with a newer one, you can sell off the old one to help fund the purchase of a new one.

If your phone doesn’t have faults, scratches or cracked screen, you can take it to a retailer or advertise it on online platforms like jiji to sell it off. Even if it has faults, you can still sell it off for a few thousands. This way, you can easily make up money to buy a new phone.

4. GET A PIGGY BANK

One easy way to save for items is by using a piggybank. Nowadays, modern saving platforms such as piggyvest and crowywise have emerged that add interest on your savings.

While you wait for a few months to buy that new phone, find out the cost of the phone you want to buy and calculate how long it will take you to save up the amount based on how much you can save daily, weekly or monthly. Then work towards saving up this amount with your piggybank.

5. MAKE A BUDGET

Depending on how much you can afford, you can match that amount with phones that fall within that price range. This will enable you save effectively daily, weekly or monthly towards the target amount.

6. PAY IN INSTALMENTS

Some retailers allow buyers pay for a phone in bits (installments).  This way, you can pay for a few months or years depending on what you agree with your retailer. Some retailers require you to sign a contract or request for other conditions before allowing you pay in installments.

Final Words…

These tips will guide you as you plan to buy that new phone. You should not break the bank to buy a new phone, buy what you can afford. No matter how much you have, there is a new (smartphone) within that price range.