As you are getting rang up at your favorite electronics retailer, you will probably be confronted with a decision regarding an extended warranty. Some people think that foregoing this warranty is a big mistake, but in most cases they are wrong. The money that you pay versus what the actual warranty will cover usually don’t even out. Instead of spending an untold amount of money on a warranty you don’t really need, you can save this money and put it away just in case something happens to the electronic equipment in question. By doing this, you can have a rainy day fund for electronic repair emergencies and save money at the same time. One of the biggest mistakes most people make when it comes to buying a cell phone or tablet is starting a new contract with their cell phone service provider. While it appears that you will get a better deal on the electronic equipment in question, this is usually misconception. Often times, you will end up paying more for a cell phone or tablet on a contract plan. The best thing you can do when trying to save money on these items is to buy them outright. While it may take you a bit of time to save up enough money to make this purchase, it will be worth it. When investing in a phone that is unlocked, you will be in the driver’s seat regarding which cell service provider you want to use. Another misconception that most people have when it comes to buying electronics is the higher the price tag, the higher the overall quality of the item is. The truth is that price generally has nothing to do with how well a piece of electronic equipment is made. Before investing in a piece of expensive equipment, you will need to look around online to see if you can find some reviews. Generally, these reviews will give you in-depth information that can be very helpful. If all you can find is bad reviews on a particular product, you will need to continue your search. If you are in the market for quality electronics but don’t have a lot of money to spend, then investing in refurbished pieces is a good idea. There are a number of online retailers who specialize in selling factory refurbished electronics. Taking the time to vet a particular supplier before using them is a great way to avoid getting ripped off. The time that is put into doing this type of research will pay off when you are able to get a great deal on gently used electronics. Instead of cutting corners on the quality of the electronics you purchase, you will need to focus on getting a great price on well-built pieces of technology.