4 Smart Ways to Spend Your End of Year IT Budget

The end of the year is fast approaching. People are getting excited about the holidays. People are looking for time with family and friends. But that’s not all that’s going on in the minds of IT professionals. They are looking at the budget money that’s left and thinking about what to spend it on.

Here’s an idea. A smart way to use the remainder of your budget would be to focus on the types of products that you know you will likely need. Just like with your home grocery list, there are some things you know you will always need. Soap, toothpaste, condiments, and of course, bacon. There are plenty more, but you get the point.

Other times you may know something is coming up and you just want to get a jump on it early. Then, there are things that you want to buy just to keep your house in order. Here’s four great things for your end of year budget.

Here are some great ways to use that end of year IT Budget

Cable Products

Here’s a safe bet. You will require connections. There will be infrastructure projects. At the end of the year, many established vendors know you are looking to use that end of year budget. In anticipation, they will offer special deals on cable products. It is a great opportunity to save big money on an item you know you will have to purchase anyway.

Maintenance Contracts

The end of year is a great time to check up on your hardware maintenance contracts. You want your equipment to be protected. So, it’s important to have all your maintenance and NBD replacement services in place. Maybe you can even have some money left to grab a few spares. The end of the year is a sensible time to get this in order.


Phones are a good choice for end of year budgets, especially if your company is adding new people. Even if you aren’t expecting a lot of growth, getting some handsets for the future isn’t a bad idea. Or you could possibly upgrade some phones, and use the older ones as spares (or get money for them).

SFP Modules

SFPs are needed in many infrastructure projects both big and small. Since SFP modules are relatively inexpensive (especially the OEM compatibles), these are a good choice for end-of-year budget money.

Well, there are four good ways to use your end of year budget money. It seems more and more IT professionals are being asked to do more with less. That can make the end of the year an excellent time to help you be more prepared to take on this challenge in next year.