Comments on: How much an iPhone will really cost you

By: Pam

Pam — Thu, 02 Apr 2009 21:04:03 +0000

I’ve had an iPhone for about 8 months now and recently I’ve regretted the purchase. I’m not so disappointed with the phone itself but with how much it is costing me a month. My plan is $59.99/month but after taxes it’s just about $70. At the time I thought $60-70/month wouldn’t be hard to come up with, but working a part-time retail job and going to school it’s seems like I’m wasting a lot of money on a cell phone. Before owning this phone I was using a pre-paid phone and only spending about $20/month for service and I’d really love to go back to that. I think come August I just might pay the early termination fee and finding a cheaper phone and plan to go with. It may cost me more up front but in the long run I will be saving more money.

By: Ryan

Ryan — Fri, 13 Feb 2009 19:39:33 +0000

My cell phone plan is up for renewal next month, and I’ve been considering an iPhone or Blackberry to assist with my freelance consulting business. Your point on the actual cost of the iPhone is well taken. The large cost of any item could also be mitigated by its value in increasing business value and income. I’m still deciding.

By: 20 questions that financially unprepared people fear | I Will Teach You To Be Rich

Mon, 09 Feb 2009 01:56:12 +0000

[...] 3. Where do you want it to go? 4. Are you rich? 5. What does rich mean to you? 6. Hey, how’d you pay for that iPhone? 7. How much do you automatically save each month? 8. Why’d you pull your money out of the [...]

By: Save $1,000 in 30 days challenge! « Serenely the Swan Glides Upon Dreams

Save $1,000 in 30 days challenge! « Serenely the Swan Glides Upon Dreams — Fri, 31 Oct 2008 16:39:00 +0000

[...] things based on personal finance, one of my favorites was about the real cost of owning an iphone, http://www.iwillteachyoutoberich.com/blog/how-much-an-iphone-will-really-cost-you [...]

By: Chris

Chris — Mon, 11 Aug 2008 19:31:39 +0000

Ramit,

I would guess that most 18-24 year olds who make $30,000 a year and are buying an iPhone are probably dependents in school with a part time job. In many cases, their parents are paying for at least the service charges and probably the phone too.

By: Michael

Michael — Thu, 17 Jul 2008 06:49:42 +0000

so how are you enjoying your new 3g iphone?

By: Walter Paul Bebirian

Walter Paul Bebirian — Tue, 25 Mar 2008 05:37:23 +0000

Aside from the cost of purchase and the monthly charges I am thinking that the time spent or invested in working this tool in places and at times when one might have an opportunity to talk with the person or persons tight in front of them might also be calculated into the mix as well – I see that people are spending a great deal of time attempting to make social contacts (social networking) via the Internet and at the same time ignoring people who they might otherwise be able to network with – face to face – from a certain perspective that does not make any sense whatsoever – does it?

By: fraternal

fraternal — Mon, 17 Mar 2008 07:06:17 +0000

I guess we are better off in my demographic…u can buy an iphone cheap off d blackmarket, hack it to accept any GSM sim. Hype it amongst ur friends and all….so dat wen u want to sell it you make about 180/200 percent gain…Its platinum baby.

By: SKIM OR DIE

SKIM OR DIE — Tue, 12 Feb 2008 23:14:00 +0000

ayanna how bout u let julia make up her own mind n stead of crushing her plans by talking down to her

By: ayanna

ayanna — Wed, 16 Jan 2008 10:27:23 +0000

@ julia

Honey, take a bit of advice… at 13, please consider saving “your own money”, keeping your current cell phone/ using the equipment protection plan to replace your phone, and not spend so much money on a gadget.

When I was your age, the big “to have” was a two-way pager. In less than three years, two-way pagers went from retail $600 to about $100. Five years later you could find them in thrift stores two for a dollar.

Please don’t run out an spend your $400 on a gadget. Invest your dollars wisely on soethning hat will grow for you.

Good luck hun!