KENS5 – The tax-free holiday does not apply to computers and electronics. Electronics can really take a bite of your back-to-school budget.
The best way to save is to buy refurbished electronics. You can save 30 to 60 percent. A lot of people are skeptical about buying refurbished electronics because they worry the item will break easily. Yet, there are ways to put your mind at rest.
First, shop at a reputable store like eBay, Amazon, and Best Buy. Even computer companies like Apple, Dell, and HP sell refurbished models.
Next, make sure the item is certified.
Finally, get a warranty.
“As long as it is certified and it comes from a reputable retailer that offers a warranty, you will have peace of mind knowing that this is going to be covered if any issues arise,” said Woroch. “They have been inspected and fixed to work and look like new.”
Wait until September to purchase new electronics, if you can.
“Later in the summer, you’ll see more sales on electronics, especially over Labor Day weekend,” said Bodge. “So timing can be really essential, especial when you’re buying something pricey like a laptop or phone.”
Older models will also be less expensive if you choose to buy a gadget brand-new.
Plus, take advantage of the Affordable Connectivity Program to get a $30 discount on home internet service. Your income must be at or below 200 percent of the Federal Poverty Guidelines to qualify.
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Related: How to save money on back-to-school