It’s a new year and you’re probably dying to buy some of the hot new products on the market. However, the way the next big thing seems to change every week, you might be better off waiting before you splash out.
Here are some of the things you should not buy in 2018, especially if you’re trying to save money or make more money this year. In fact, many used items can be every bit as good as those purchased new. Plus, buying used is almost guaranteed to save you cash.
10. Virtual Reality Gaming Device
We already told you not to buy these things, but if you buy one of the exciting new virtual reality gaming devices on the market, you’ll have a very expensive gadget that you can’t do much with since your gaming choices are still very limited. It’s better to wait until more companies have developed games for these devices and a wider range.
9. LED Lights
LED lights are great for saving energy and all but something even better has come along to replace them. OLED – organic light-emitting diode – lighting is more energy efficient and spreads light more evenly, making it even easier to save money.
8. Smart Speakers
Smart speakers are among the most popular gadgets at the moment. But over the course of the year, there will be more competition in this field, which means better products at lower prices by 2019. And don’t forget that one of the simplest tips for getting rich is to avoid impulse buying.
7. Thumb Drive
Thumb drives can now store many more gigabytes of data than they used to but why carry one around and risk picking up viruses from other people’s computers? Instead, store your data in the cloud and use data-sharing sites to swap files with your friends.
6. The Latest iPhone
Apple updates its iPhone almost as often as a new scandal comes out of Hollywood. While the company is expected to release a new iPhone later this year, wait before you spend your tax refund money on it. First, see if it is really that much better and can do that much more than the phone you currently have.
5. An HDTV
It seems like only yesterday that HD was the ultimate in television technology but buying one now would be like buying a VCR. Instead, invest in a 4K TV set, which isn’t that much more expensive but has a much higher resolution.
4. Smart Appliances
If your fridge is on the blink, by all means, replace it with a smart fridge but don’t go and splash out on smart appliances simply because you want the cool factor. Unnecessary purchases are among the most common financial regrets people have. Besides, smart-appliance technology is bound to improve and become more affordable.
3. Wired chargers
Some tech companies are already introducing wireless chargers for devices like smartphones. This technology, which doesn’t require an adapter or plug, is set to become more commonplace and you’ll never have to struggle with tangled wires again.
2. Smart Luggage
Having a bag that comes with USB ports, electronic locks and GPS tracking may sound like a travel must-have but you’re better off sticking with a regular bag and the things you should always have in your carry-on. The reason is that airlines are now placing restrictions on smart luggage, as their batteries pose a fire risk.
Warren Buffett, one of the world’s richest people on the planet and renowned as a savvy investor, is one of the many financial experts warning that the Bitcoin bubble will burst. When you invest in cryptocurrencies, you’re really just speculating with your money and it could end up costing you dearly.