Sooner or later everyone needs to upgrade their computer. I’m in the “sooner” category. My 5 year old Powerbook just isn’t cutting it when it comes to render times and streaming HD video.

Recently, I’ve had my eye on a new iMac. They are about a million times faster than my old computer, bigger screen real estate, and they are just sexy. And their price tags start at a whopping $1200.

Despite my deep longing, if not need, I can’t justify $1200 on a new computer right now. Most people are in the same boat right now with the economy as bad as it is and not many people feel completely secure in their jobs. So buying a new computer drops down on the priority list.

Well, if you still long for a new computer, there is a great way to cut down on the cost: buy refurbished. A refurbished computer is one that was returned due to some sort of malfunction, fixed and given a clean bill of health, and then resold for a reduced price.

In the Apple Store online, there is a section specifically for refurbished Macs. I’ve seen a $1500 iMac for $1050. That’s a stinkin’ stellar deal! The only catch is that you can’t customize the machine’s add-ons and you never can be certain what sorts of refurbished machines they will have available. So, unless you are really picky about your needs or are looking for something specific in a hurry, this is the way to buy a new (practically) Mac.

That’s what I’m gonna do for my next computer.