If a new gadget is on your shopping list for dad this year, you aren't alone. According to the National Retail Federation's 2014 Father's Day Spending Survey, consumers will spend $1.6 billion on electronic gifts like smartphones and tablets for their fathers.
While a new gadget may send Dad over the top, it can quickly do the same to your budget if you're not careful. Consider these 10 ways to save on tech gifts for Father's Day and show your favorite man how much he's appreciated.
Haggle. Retailers have realized that consumers are driven by bargains these days and more are willing to negotiate. A recent study by Consumer Reports shows shoppers who haggled saved an average of $82, so clearly there's little to lose by just asking. If the sales associate isn't able to budge on the price of the gadget, ask if he or she can throw in a value add like a protective case for that new tablet or smartphone.
Snag a daily deal. Before you buy anything online, browse daily deal offers available through popular discount electronic e-retailers like TigerDirect, Newegg and Overstock. Recently, I saved 70-percent on a keyboard case for my iPad Mini through Tiger Direct's Daily Deal Slasher. I've found other notable deals across the Web on everything from TVs to tablets to gadget accessories. Sign up to the site's newsletter so you don't miss out on these huge discounts.
Power up your smartphone. Retailers are highly competitive and will match other stores' prices, so equip your smartphone with the PriceGrabber app to get instant price comparisons and request price matches. Before you check out, look for coupons on the free Coupon Sherpa mobile app, or hit up their website for coupon codes when you shop online. For example, you can save $12 off your $99 order from Brookstone through August.
Skip the warranty. One of the biggest upsells at any electronic store is the extended warranty. Considering that most gadgets have a rapid depreciation value and often cheaper to replace than fix, warranties end up being a waste of money. Instead, swipe a credit card that offers multiple levels of consumer protection including an extended warranties and return policy.
Discount the discount. So you scored a great deal on a sale item or even redeemed a coupon for dollars off your purchase? Don't stop there. You can save even more by applying funds from a discount gift card. At sites like GiftCardGranny.com, you can find up to 20-percent off gift cards to popular electronics retailers. For instance, score a Radio Shack gift card for 15-percent off and save on a gadget for Dad like the AUVIO Portable Bluetooth Speaker.
Buy last year's model. Manufacturers are constantly releasing new models of their latest gadgets, often with minimal updates. The latest gadget on shelves today will be old news next month, so it doesn't make sense to splurge on the newest options. Instead, search for deals on previous models or even go as far back as last year's model to save big. Many stores will be more motivated to move these older goods which means you may have more power to negotiate a better price, too.
Search for open box. Many electronic retailers sell returned gadgets at a discount even though there are no defective issues with it. You can often find such deals through the store's "open box" section to save anywhere from 20 to 60 percent off the regular list price. Get a head start by reviewing open box and clearance items online at sites like Best Buy where they list deals at the store closest to you. When buying a gadget for Dad, make sure it's something he wants and will actually use; otherwise, you may get slapped with restocking fees for any returns, especially for those products that have been opened.
Get the extras online. Nearly every gadget calls for something extra, whether it's a protective case, power cords or connector cables. Though the retailer may have extended a big discount on your electronic purchase, you typically won't find any savings on accessories. I always find the extras online via Amazon and eBay for 30 to 50 percent less, so avoid buying them at big-box stores.
Spruce up his favorite gadget. If Dad recently upgraded his TV or smartphone, consider sprucing up his favorite new gadget with a few extras like wireless speakers, bluetooth headset or a cool new case. Since these tend to be less expensive than this bigger electronics, it's a great way to give him something he will enjoy using without breaking your budget.
Cash in. Whether it's a genuine effort to reduce waste in landfills or just an attempt to get customers to upgrade sooner, electronics retailers are increasingly offering exchange programs. From Walmart to Amazon, you can trade in your old gadgets for cash or gift cards good toward new purchases. If you have an old cellphone, video game console or desktop you no longer use, cash in via one of these electronics trade-in programs and use the funds toward a new gadget for your dad.
Andrea Woroch is a nationally-recognized consumer and money-saving expert for Kinoli Inc., who helps consumers live on less without radically changing their lifestyles. From smart spending tips to personal finance advice, Andrea transforms everyday consumers into savvy shoppers. She has been featured among top news outlets such as Good Morning America, NBC's Today, MSNBC, New York Times, Kiplinger Personal Finance, CNNMoney and many more. You can follow her on Twitter for daily savings advice and tips.