Before you rush out to buy the gadgets you've been waiting all year for, consider a few important questions before parting with your hard-earned cash.

Does This Technology Do What I need?

First, you must ask what problem you are trying to solve with a new piece of tech. The most important thing to consider is how adopting your new device will improve on what you had before. In some cases, a sleek new gadget or device for fun is good too.

When you've answered this question, you should consider whether there is another tech or competing devices out there that can perform even better.

Should You Become an Early Adopter?

Early adopters are people that anticipate the release of new tech, wait in line on release day, and pride themselves on having the latest gadgets to hit the shelves.  If you recognize yourself in this description you are likely to snap up the latest devices the day they are released.  This eager anticipation, however, is not always the way to get the best deals or the best gadgets.

Companies often rely on new product hype to give sales an early boost.  Waiting for the marketing and hype to subside, even a little, can save you a lot of money.

After initial sales fall, companies often mark down their prices to keep their devices attractive and sales high.  When newer, faster, sleeker devices hit the market, companies cut prices to maintain strong sales figures.   For the budget smart consumer this is an opportunity for a bargain. A device good enough to buy on launch day is well worth waiting for.

Have You checked The Reviews?

We are fortunate enough to have access to seemingly unlimited amounts of information at our fingertips.  Often weeks before a product is released, reviews are available across the web.

One of the best things you can do when considering a new device, particularly a high-cost purchase, is to watch and read a wide variety of product reviews.  It pays to be cautious of reviews that are particularly glowing, or too downbeat.  Keep an eye out for middle of the road reviews that fairly weigh the pros and cons of each device.

Have You Found the Best Deal?

There are many ways to keep an eye out to make sure you get the best deal on your device.  If you can, monitor prices over time to see how they rise and fall to find the best time to purchase.

When purchasing online, many sites include a box to add a coupon code when you are ready to buy.  It sometimes pays to jump over to Google and search the website name and 'coupon' or 'voucher' to find out if there are any good deals on.

A quick search can save you as much as 10, 15, or 20 per cent on some purchases. Sometimes companies send out offers to appeal to groups they want to market to.  A companies Facebook page may get different offers or vouchers than its Twitter followers or newsletter for example.

It can pay to search around for offers and vouchers to get money off before you checkout.  Five minutes of work can save huge amounts of cash.

Purchase in Confidence

If you have asked yourself these questions, done all your research, and found the answers you're looking for then you may well be ready to buy.

You can do so with the confidence that you've done all your homework and you're getting the best deal and gadget for your money.