The new iPhone is out and people are rushing, at a slower pace, yet again to get one. While they may be on the bleeding edge of technology, I wonder how many users of the iPhone can really justify the huge bills they can generate?

And you know what will come after this generation of iPhone? That’s right, the next one and that one will yet again be faster, smarter and have more storage.

Before you spring for the new iPhone and big bills that can come with it, ask yourself just one simple question, “Do I really need it?” The right answer to that question can save you a bundle of money.