Brent from VOSA, a world record holder, inventor, engineer, entrepreneur, traveler, and optimist, shared some thoughts on Apple’s latest iPhone release. If you’re an iPhone user or just into the latest tech, the new iPhone likely caught your eye, even if you recently bought an iPhone 5S.
Apple is a master at convincing people to upgrade before it’s really necessary. I’ve fallen for it myself. Over the years, I’ve owned an iPod Nano, multiple generations of the iPod Nano and Shuffle, and several iPhones, including the iPhone 3G, 3GS, 4, and 5S, along with a MacBook. It’s shocking how much money I’ve spent on Apple products that essentially perform the same tasks.
You might also find yourself with a collection of Apple devices gathering dust around your house. While it’s tempting to grab the new iPhone immediately, especially if you’ve been budgeting for it, consider selling your old iPhone first. Selling your old phone can help offset the cost of the new one. For instance, an unlocked 64GB iPhone 5S can fetch at least $310, which significantly reduces the cost of the new iPhone 6, which ranges from $199 to $499 on a contract.
If you haven’t saved up for the new iPhone but still want one, selling your old device can help. There are three main marketplaces for selling phones: eBay, Craigslist, and Gazelle.
eBay connects buyers and sellers for almost anything and typically offers the best prices for phones, with items often selling within 24 hours. Craigslist allows for local transactions without listing fees but comes with safety risks when meeting buyers in person. Gazelle offers instant quotes for your phone based on its condition, though it typically pays the least since they resell the phones.
Regardless of whether you keep or sell your old phone, consider using the YNAB iPhone app to manage your budget. YNAB stands for “You Need A Budget” and promotes a financial lifestyle with four main rules:
1. Give every dollar a job.
2. Save for a rainy day.
3. Roll with the punches.
4. Spend this month’s money next month.
The app helps track expenses and maintain budget discipline. Users report significant net worth increases within months. Enter the giveaway to win a free copy of YNAB, gain control over your finances, pay off debt, save more, and prepare for future iPhone releases. Enjoy!