Debt Warnings

Is the iPhone a Debt Worth Having?

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.

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About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

4 Comments

  • I currently own a 3G iPhone and I can say that the price of the phone/mp3 player has payed for itself. I’ve never had a UI so easy to navigate around my phone, plus the conversation window that’s created when sending texts back and forth is an unbelievable time-saver.

    I personally think the iphone is worth every penny, as you say, you might not *need* it, but it definitely makes life *simpler*, well, mine anyway 😛

  • Wow- great video! Iphones are pretty ridiculous. I was kicking myself in the face for buying a Blackberry Pearl, and that doesn’t even come close to the price of the Iphone.

    Unless you are making well over 6 figures, don’t get one.

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