Should I buy an Iphone from first salary
My current phone is almost 4 years old so I am in dire need of a new one, most of my friends/colleagues are buying Iphone and recommending me the same(since it has best camera + brand value) but for me spending most of my salary on a phone seems absurd....
Chelokebab
Stealth
a year ago
Help someone who is in need of money you will have that satisfaction which no iPhone can give you in this world
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If you have to ask you know the answer. Financial discipline is a by product of self discipline. This one choice could play a vital role in how you spend money in the future. So, it is better take a decision on your own rather than asking people here.
GV_influenzer
Student
a year ago
Save the money, buy an Apple vision pro next year.
Tf this is exactly what I was thinking, that's was I was hesitant to buy a new phone since I will not need one afterwards
Lol. As a first lesson into personal finance - Don't ever fall for peer pressure for anything in life. Look at your requirements and budget.
If iPhone fits your budget and requirements go for it. If it is an aspirational purchase again go for it but bear in mind the cost. Your friends won't pay the EMIs.
The best camera in hands of a normal user would still click the same photos as a 30k phone. Look at your photography requirements.
somefinetofu
Stealth
a year ago
Do not yield to peer pressure
satan
Stealth
a year ago
Sometimes you gotta enjoy your life. Don’t think much do whatever you’ve to.
Your first salary, your choice. Never regret with any of the decision you take, buy or not.
Cafeinatedpragmatist
Stealth
a year ago
The way I look at big purchases is to divide them between needs and wants. This is clearly a want. I'd first save up for the phone (from the salary post investment and expenses) and then buy it.
If you are buying the phone on emi and not saving adequately, then it's probably a bad decision. Still your decision though.
For needs, I'm willing to spend upfront from future cashflow. For wants, I save up first before the purchase. Helps build some financial discipline.
Cafeinatedpragmatist
Stealth
a year ago
On the absurdly high price, one way of looking at it is that iPhones generally last longer than Android phones (in my experience). So the cost of usage is divided my more years of usage. So there is some value in premium products. But post that, it's a you do you. Buy it if YOU want it, succumbing to peer pressure is a slippery slope.
Great advice, I haven't started investing yet and post expense I will barely be able to buy it plus I was planning to build emergency fund first
Wagewala
Stealth
a year ago
Buy it if it costs less than half of your monthly salary
Barbaadeshwar
Stealth
a year ago
I am far happier with an OP10 Pro. Buy that instead.
Barbaadeshwar
Stealth
a year ago
EMI is good for shit like phones. 3 months so it doesn't fuck u with extra interest. Also the R series really lag in camera so beware.
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SabkaBandhu
Stealth
a year ago
It's not worth it.
What is your current salary? If you earn 300k per month, buying an iPhone is a no brainer splurge.
Since you mentioned most of your salary, would recommend saving money for next 6 months and buying it then. Its discipline, and doesn't feel regret heavy. If you don't mind you could also check with people around you if they want to sell their existing iphone.
Mine is around 200k, but I've some priorities rn like building an emergency fund and investing....
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If u buy iPhone then be ready to be part of its ecosystem for quite long or forever. Although iPhones are being launched yearly, nobody upgrades that often. So if u buy now, it will be with u for at least 2.5 years before u feel for an upgrade. So given that timeline, see if it fits the purpose. Also it’s a device among everyone’s top daily usage, so I think u should consider a part of it as good investment if it enhances ur daily life/productivity. Anyway, can’t deny the price is absurd but the products in Apple ecosystem are great so why not
WonderSky
Stealth
a year ago
Better to buy good Android phones and change every year. It is not worth spending more than 15-20k for mobile.. You can also plan to start investing in SIP with your savings but as it's your first salary spend majority of those for your family..
itachiuchiha
Stealth
a year ago
If you can afford it without an EMI then, I guess you can go for it.
I generally take a safer approach, that if I can buy the same thing twice without EMIs, then I consider going for it, but that's me. (Just for the record, I don't have an iPhone)
I did .
Month 1 Salary - Ipad Pro M1
Month 2 - iPhone 13
No Regrets 😌
Did you able to save anything afterwards? If not, then when you started saving and investing? And how manage you expenses? What % of my salary should my expenses?
Well I was working from Home for 1 year .. So saved all my money for rest of the months.
Invest at least - 20% in MFs
Expenses would depend on what are your fixed costs each month - rent , travel , maid , ebill
Splurge according to your capability . There is no fixed rule . If you like clubs , spend there once a while etc .
Don’t worry everybody eventually figures out how to save and how to spend
ImpishArtist
Student
a year ago
Consider usecases or save and add to a pc or lap budget...
