I Was Right About iPhone Payment Plans

Just because it is "affordable" doesn't make it the right decision.
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Thanks for watching,
Scott Schroeder

[@Cristalks2244]

Fun fact: you never really own ANYTHING. Even if you pay off a phone, you still need to pay for service. You own a home, you don’t own the land it sits on. You own a car, you still need to pay registration every year. There is absolutely nothing in this world a person actually owns other than their choices.

[@techno_eclipse]

Yeah but that’s depressing. Haha I get where you are coming from, but it’s a part of living in this society. If it were up to me everything would be privatized but that’s never going to happen

[@destinyjordan5749]

Exactly !

[@rileyolson6008]

The choice is to not live in a society :,(

[@rileyolson6008]

Or to use a flip phone, take the bus and Rent out an apartment 😎

[@Flyingburrito]

That mostly only applies in the USA other countries you buy a house and it’s yours and can do whatever you want with it.

[@devanshtanwar1094]

Man you saved me and my money . I was thinking about upgrading my phone like an idiot even though it works completely fine. I discovered your channel quite recently, you talked some sense into me and I've been binge watching you ever since .

[@slegentus]

I definitely agree with this guy..I just upgraded my iPhone 5 to a iPhone 11 Pro Max and paid cash for it

[@ericgarza966]

What are the benefits of buying an iphone with cash? Is it any different thn buying ut online?

[@se7enity648]

I came to the same conclusion in 2015. I went from owing $50.000 to owing nothing in 8 years. The feeling you get from knowing you owe nothing and having savings is a great comforter. If I cannot afford something, I wait and save up the money. I upgrade my phone every 4 years. People forget Apple is a money hungry company with no scruples and will try and fleece you for every penny you have. They serve you and not the other way round. Keep up the good work.

[@chantelle.4282]

I still have the iPhone 7 & it’s all mineeee. Would I like to upgrade? Sure! But at the end of the day my 7 does everything I need it to do and still works like a charm.

[@NavaVive]

I saw a customer come in with a pristine iPhone 4, paid for his cup of coffee with his app… Impressed was an understatement to how I felt…

[@suarez8424]

Awesome video! I’m in that journey, no more unnecessary debts

[@RhettReisman]

100% agree that people shouldn't buy things that they can't afford, but 0% financing is going to help a lot of people save a lot of money. Just made a video about how much you can save by using the Apple Card. Access to credit generally is like why society was able to expand in the 1900s. It's not evil even if it seems like it.

[@Mysticbladegod]

But it is evil in a way. It drives people to purchase things they don't need for no good reason. These companies know that and they market to people in such a way to make them think they are lacking something in their lives. These phones barely change from year to year. Payments keep people chained to things unnecessarily. You save 100% when you don't buy something right away

[@HelloAirJordan]

So your saying its only bad if you never actually pay the phone off and keep on getting a new phone. If you do it at 0% APR and pay it off before the year ends then there is no negative in the situation. You just pay the total within that year. Don't see an issue.

[@MALTHEMASTERBARBER]

Payment plans are NOTHING NEW! People have been buying items on “credit “ forever! I haven’t bought an iPhone since the 6 plus! So I can splurge on a new one! Are you paying for goods and services? Upfront or over time, it’s a choice. Just don’t buy a new phone every time one comes out!

[@CandanceOnline]

I think that's exactly the Issue People are buying iPhones each year , My thing is I'm buying the new upcoming iPhone 14 Only because I don't have A iPhone & Once I buy this Phone I'm not Buying anything else Until it becomes unusable like for instant Apple stops supporting the phones iOS , then I'll think about buying A New iPhone , Other then that People shouldn't be running & buying A new Phone each year because Hell All you're really getting is A Recycled old iPhone with New Features , Just like the new upcming iPhone 14 is really nothing but a upgraded iPhone 13 that Apple recycled & added new features On it .

[@sidharthchand8072]

I almost agree with you but T mobile offered me a deal that was too good to refuse but normally your right

[@joshie19922]

totally agree with you. however sometimes you dont want to make a dip in your savings so a payment plan at 0% interest would make sense. What i also do is use the same amount for everything. for example if its $200 for 1 year to get furniture i would not buy anything until that is paid. I am used to living without that $200 so i treat it as a bill. When that payment of over and there is something else that i want, i will take it is if not more than $200, which is now free to use.

[@01ibrahim1]

i love your quotes and video thank you so much for opening my eye.

[@educatedwanderer9293]

Awesome that you have a realistic plan to stay out of debt and even pay off your house before that age of 30. I did the same in my 40's with the goal of being out of debt before 50 and before my kids started college. Of course I've been saving for retirement since my early 20's however but now I'm debt free also and can cash flow my kids college and continue to save for a comfortable early retirement.

[@Dahjesus]

Love the message behind this video!

[@Ccteacakes]

We save, buy everything up front, use pre paid phone service. In my 50s learned this lesson in my thirties. Now we are debt free.

[@Allious131]

Well if you pay your bill upfront or with the monthly payment it shouldn't matter. I would never go into something knowing my income isn't stable and make monthly payments on something, you can lose your job at any point. People get mad because they are choosing to pay for a bad service lose their job and complain when they come to collect. Stop signing up for it!!! pay monthly if you know your job or resource is a gureentee.

[@txmoney]

I never upgrade to a new phone every year so zero interest monthly payments are no big deal. My general rule of thumb is keep the current phone until the battery life becomes noticeably shorter or the phone performs poorly using various apps. I owned my last phone, (original iPhone SE bought outright), for four years before I upgraded to the iPhone Mini (monthly payment through AT&T for two years). I plan on keeping it for at least three years.

[@edcipriani8873]

Thank you for your video, this really helped me to make a decision. I was all Android from the beginning, and then in mid 2020, I made the switch to iPhone with their Upgrade Program. I bought the regular iPhone 11, didn't need to go with the Pro/Pro max, just not necessary to spend the extra money. After a year in the upgrade program, Apple made sure that they were notifying me that I was eligible to trade in my phone with several notifications. It was tempting to go for the upgrade, but it wasn't necessary, the phone was still working fine, no problems at all. So I kept my iPhone and it's paid off now. And now I am coming across some good deals, especially if I switch to Verizon, I would get a great deal on the trade in value for the iPhone 11. It's even more tempting. Prior to the iPhone purchase, I have owned mostly LG phones and a couple Samsungs, it seemed like they would almost always hit the dirt at about 2 -2.5 years, whereas many people I know who use iPhones have have them for at least 4 years or longer. I think many of us are conditioned to think once our phone is over 2 years old or it's paid off, that we are going to have some sort of major failure with our devices. I am going to hold onto this iPhone for a couple more years, so that I get more for my money. I could afford a new phone, no problem with that, but I still like this phone and there's nothing wrong with it. I don't need the latest and greatest, I just need something that works for me and is reliable. Thank you again.

[@ecesarchavez]

I get your point and they are very valid, the problem is Apple and other companies make phones and computers so they are outdated after 3-4 yrs. They upgrade software to the point the will not support older devices and force you to have to but new ones. Just happened with my 2012 iMac and my iPhone 5

[@alj7094]

It’s really situational. Sometimes it really a better deal to go with the carrier monthly plan because at the end of the day it really is cheaper than paying full price upfront and after two years the phone will eventually be yours but you just have to decide to keep the phone or not. It all depends on the deals you get from your local carriers. If it’s cheaper than paying outright at the beginning why not saving yourself a couple hundred bucks?

[@tatianalopez8925]

Never thought about it this way. Very true!!

[@justinlaturno]

very well spoken video, Scott. thank you!

[@johnnyboyninetyfer]

This is missing some important context. If I had a $1,000 to spend, I’d rather spend $30 on the monthly payment plan and invest the remaining $970 where I have the potential to like make a return on that money instead of purchasing it all in cash and not being able to do that

[@techno_eclipse]

I don’t totally disagree, however you’d be better off spending $400 instead of $1000. But that obviously missing context in this video

[@keishito]

We don’t even own our lives. You always invest money in doctors, health insurance, healthy food, exercise, which is like your payment plans, or pay the consequence toll. You own a car you pay taxes. Pay house rent, bills. You never own the electricity or the internet, etc. Live is about how much you make vs how much you spent. And the race is always getting the skills or finding a way to make more money in live. Plans are not bad, it’s just an option, paying the full price up-front is always better. However not always possible. I have a broken phone which I’m using but the speaker is broken and no one can hear my voice. Phone repair places can’t fix it, and I have no money for a full payment up-front. Thanks for the payment plans I can get mine. However the goal will be paying double or triple per month to get rid of pay,ent plans fast. And owning the phone at least 3 to 4 years minimum.

[@ericlewis8793]

Thats why I always keep my phone for 3 years. Pay it off in 2 years. Use that 3rd year to save up for the next one plus selling that phone towards a new one. Its almost free... repeat again for 3 years!

[@midlifecrisis7888]

Just got iPhone 12 Pro as upgrade for iPhone 8. Was going to finance it but I paid it off before 1st payment was due. Hate payments.

[@bryansparza5044]

Amazing insight dude. Thanks 🙏🏼

[@sophiemamiya1740]

Honestly i love saving up for something instead of paying it with ‘credit’. I love old cartoons and i would rather buy the full price to keep it forever than having to repay a monthly fee just for -insert streaming services- to end up removing it from the site after how many months

[@RudieObias]

Here’s a good rule of thumb: Don’t use a credit card, if you can’t pay off the balance in full every month. I think it’s a good thing to have debt, as long as you can afford to pay it off on-time without interest. I mean, you’re not likely going to buy a car or house outright with cash.

[@christophereliasmarmolejos2958]

I agreed with you now was my first iphone 12 pro max from Samsung galaxy s6 edge Plus and i payed it cash.

[@LivingBeauTIFFully]

Awesome advice!

[@Technoboylive]

My advice is to by a refurbished or used phone that maybe a generation back or 2 gen back. Is it really worth it trying to get the latest and greatest just for a few new bells and alarms. Resale that phone after a year or 6 months and add a little to it and get the next gen newer. Save money you be happy

[@zxxybff3291]

Luckily i watched this explanation difference of technology and finance , thank you! *New subs here*

[@TheTaulusPaulus]

This is what I'm doing. I'm buying the iPhone mini with instalments, and paying double payments. I'll have it paid off in 1 year. Next year when new phones come out, I'll be in a better spot to either trade in for upgrade, or if I don't want to I still own my phone.

[@duvantamasco]

just got a new subscriber.Such a good video keep it up bro

[@harry6083]

I just purchased an iPhone 11 last Sunday as my beloved Note 4 which I had for five years gave out on me. Paid full. End of story. If you can't afford it don't buy it with credit or some other payment plan and become some slave.

[@rileyolson6008]

If you pay for the iPhone upfront is it unlocked?

[@harry6083]

@@rileyolson6008 Yes. I purchased an unlocked iPhone at the Apple Store.

[@jayyli7204]

There’s nothing wrong with payment plan. If you pay for half and can’t pay for the other half. I don’t see anything wrong with just paying 60-75 bucks monthly for that phone. Plus prices may vary in carrier.

[@syk1534]

😂 some slave? Payment plans are amazing low monthly costs that can fit your budget. While you payed your phone in full other people are investing that money and making a lot more money

[@N8N-Soccer]

I can’t figure out if this is clickbait or not ... buying a phone at 0% for couple years isn’t an issue. As long as you have your other financials in order and you are not buying a phone every year I don’t see the problem

[@onwell]

I don't think he understands what he's talking about..

[@richardrussell9846]

Exactly, paying cash is more expensive than an installment plan for 2 years with no interest.

[@amauritaniannomad6533]

@Jeffrey Haines then don't upgrade. Or when you want to upgrade sell yours by yourself and upgrade.

[@winb83]

Monthly payments are just a way to get people to buy stuff they can't really afford. Most people balk at the full price but chop it up into a payment plan and it's all good.

[@mybeautifulstory]

@@onwell he is talking a lot of r*bbish, I'm sorry. Very clickbait. You have to spend money, it may make more sense for some to spend 60 dollars a month instead of 600 outright.

[@jakeshaw1661]

I’m wanting the iPhone 13 when it releases. I’m stuck between the regular and the pro. The regular is cheaper but the pro has better camera and may have a 120hz display. I might just go for the regular.

[@clericsupport]

it’s 0% interest it literally makes no difference if you pay it all up front or over time. paying over time does not subtract from the user experience.

[@BeyondLumination]

Technically you make money back due to inflation.

[@antz3713]

yes it does because you have to trade in the old phone for the new phone instead of being able to sell it and put those funds toward the new one

[@politicalgangster9395]

You can use the apple card as a debit card if you're buying the iPhone. and automatically pay it off when the balance posts.

[@williamnguyen2222]

thanks for this lesson

[@igiannakas]

Think you’re forgetting one basic principle in money management. Invest in appreciating assets, lease depreciating ones. Why tie up capital in buying something that will be worth for less when you sell it, especially on 0% interest that apple is charging. You can leave the money aside, even in a savings account and youd be better off than buying the phone and not getting the interest!

[@evacody1249]

The fact that I can keep my cell bill down. Forget depreciating for a minute. Go to ATT, Verizon, and Tmoblie sites for a minute. Do the monthly payment plan plus the service. Then upgrade every time it comes up. You are caught in a never ending cycle of high payment. Me I pay 45 dollars a month unlimited talk, text and soon to be 75gigs of data with US mobile. I out right own my Samsung galaxy s21 base modle. So that's it that's all I'm paying is 45 dollars a month. So 45 times 12 is 540 dollars a year. Or a can pay of the phone plus pay the service to use the phone. So let's say it's 45 for the phone and the plan. So 90 dollars plus taxes let's say 5 dollars. So 95 x 12 = 1140 I would be shelling out vs 540. Sit down and do the math sometime.

[@mybeautifulstory]

@@evacody1249 nobody is saying you have to upgrade every year, even if you pay cash every year, the same problem applies, there is nothing wrong with credit, it can often put you in a better financial situation if you're smart with it. The richest people in the world got there with "debt". They all borrow. The video should have been titled don't upgrade every year

[@hillsongbest3818]

How does apple make money of its 0percent interest ?

[@spillinda]

i use my credit card like a cash card (at least i did before covid and depression fucked me lol) I’m working on my bit of credit card debt i have and pay it off at the end of the month so i don’t accrue interest. it’s a good way to build your credit without going into debt. it’s like using the credit card companies. showing them you “lend money” but then pay it off right away. i’m working on saving back up after spending more than i could after i was jobless and couldn’t file for unemployment. you can come back from debt, it’s just making decisions like “do i really need a new phone?” and saying no when you know you can’t afford it

[@prissy_krissy]

Paid off an iPhone X last March 2020 just to turn around and buy the iPhone 11 Pro Max in April of 2020 (both phones 256 gb) the x cost me $1249 over the two years and now the 11 pro max is costing me exactly another $1249. Very dumb decision financially nothing was wrong with my phone, perfect condition! After reviewing my decision I’m working hard to pay this phone off this year and I’ll never finance another phone, if I can’t pay cash then I don’t want it. That’s money I could have saved/ $1249 I could have sitting in a savings account. I plan to keep this phone until it just want make another call or text again.

[@macgamer1973]

I own my 2 Mac Pro 2010, Mac Pro 2013, 17”MacBook Pro 2011, AppleTV 2023, iPad Pro 2020 I’m set

[@scoobymiller4774]

This is so true with phones,houses,loans and cars same thing they would rather persuade you to make payments than buy it all upfront

[@redriver15262]

i plan on Keeping my 12pro Max for as long as possible, thats why i paid in full so its unlocked and i can switch to whatever carriers i feel like switching to whenever i feel like it 🙂 (i previously had an iphone 8+ that i also paid in full when it came out and had it for 3+ years and its being handed down to my parents to use with their carrier)

[@wa11pon33]

I’m starting to learn this. I’ve been so big on financing for years that I put myself in some serious debt. I’ve got some things for sale now, and I just sold my 11 Pro Max for $815, paid sprint the $500 I owed on it, and I got the 12 and I did financing for $15 a month. Going to pay ahead and pay this off this year and then own it for awhile to get in a better financial situation

[@jvibing7223]

So you paying only $15 a month for yo new phone and that with unlimited data and everything

[@drcola143]

@@jvibing7223 in just the phone bro. There’s no universe where $15 gets you a phone payment with wireless. You can’t even get unlimited wireless for $20 at least in the Us

[@gugy68]

Well, I’m still have my 7+. Will keep for another year.

[@davidbeltranbarajas]

Same here, except I plan on upgrading to the 12 mini once my plus kicks the bucket. Then I plan on keeping that for at least 5 years like I have my 7plus

[@JDM-gx8ki]

Keep it till it don’t work anymore bro 🤙🏽

[@grovdak6293]

I bought it from right Place thanks so my vendor darkcarding0 on telegraph is the best ever

[@_1Brick1_]

I still have my plus too

[@naya3253]

Good for you, i’m still using a cracked 6+ 😂

[@BRO.JUSTIN]

wow, i came on this video to learn how to fiance an iPhone and came out a knowledgeable student. thank you! lol

[@msf8297]

putting this in my phd application. will cite source

[@zadtrax]

What about people like myself who do not replace or upgrade their phone every two years. Instead, are usually end up replacing and upgrading my phone once every 56 or seven years. If I do a pay-by-month plan, don’t say stop being charged the extra monthly fees after the first two years and then my cell phone bill gets lower?

[@TexasHN45]

I currently own my iPhone 11 I started off making payments then a few months later I paid it off I don’t do the yearly update that’s the catch I’m thinking about buying the 14 pro max full price

[@Gary0557]

As you say, most people, me included I'm afraid, just rent the phone's from Apple or carriers. Although here in UK, you are allowed to buy the phone outright during the contract period if you can afford to. Then it's your phone.

[@grafxdesigner93]

Real talk. I peeped that out a long long time ago. I did it ONE TIME when I got the first Motorola RAZR back in the early 2000s. Since then, I will buy the phone after about a year or two of being released. I will buy it outright at a lower price point. I’ve been that ever since. Everything is about payment or subscription based service. I love playing on my Xbox One. Now I’m trying to get rid of it. Why? Cause it required PAID MEMBERSHIP to be able to play my game via DVD. For real?!? GTFOH. I’m good. Got my space gray XS 256GB UNLOCKED back in April brand new for $600 upgrading from a 6S. Best decision I’ve made.

[@johnwilliamsoniii3936]

That’s honestly one of the reasons why I never played Xbox and stayed with PlayStation. I don’t like how I have to pay to play my games.

[@elinavance3476]

@@johnwilliamsoniii3936 I think online gaming is only free until the ps3. correct me if I´m wrong. free online gaming plus bluray player was my reason to buy the ps3 instead of the xbox 360. the $10 fee (I think) for world of warcraft was probably the reason I never played that game :D

[@brianrobinson3961]

I’ve been basically leasing my phone for the last 3 years. $45 a month and get a new phone every year when it drops. I guess it’s one of my guilty pleasures.

[@nathc540]

That’s what you like so there’s nothing wrong with it if u can keep up with it. I think people should do what they can afford. And also some people like some pleasures and that’s your one.

[@tonyortiz8986]

Good thing I do maintenance! Thanks bro 😊

[@cotyrobinson5418]

I believe that’s making payments on a new almost brand new version is worth it because the new one won’t come out for a while and you’ll get plenty of worth but paying for one when the new one is coming out soon Apple might need to make adjustments to create a better value for what your getting

[@RebornAudio]

Semi related to a comment you made - I forget which movie it was, but I remember having buying it from iTunes only to have it removed from the iTunes Store and subsequently my library, contacting them to refund me and got told to go spin as I only bought the right to watch it. Now I buy then download movies from iTunes and rip the DRM from them. Bishes 😤.

[@soniadelapaz8351]

You don't need it... You need assets .. put your money to work for you .. reduce unnecessary consumption of products & goods establish multiple avenues of passive income

[@abdirafi6552]

For individuals who want the lateat phone evry year it makes sens to do the upgrade plan as its less money per year than buying the phone outright and also has the environmental advantage of recycling. People who do hand me down phones in the family, for them it doesnt make sense for them as you have to return the phone. In conclusion, if you can buy the phone outright but plan on keeping the phone for 3+ years then go for the plan as you can use remainder money to do other stuff. (Invest) If u can afford it dont get the phone at all. SIMPLES

[@phillipjames453]

I purchased my 2020 iPhone SE in full on Amazon Renewed. I try to avoid monthly payment plans if possible.

[@davidgates5699]

My system is pay monthly with no interest and own it. Then when I upgrade, wife gets mine after software upgrade, now she has new phone, and get her a new case she likes. Her phone gets passed down to kids. Youngest is still using iPhone 5s. All phones still look new. ✌🏽

[@thomasphiri2023]

Dude you are so right.

[@asifmameen]

appreciate the effort :)

[@vishizzy]

Bro I literally did the skip chipotle twice a month head thought

[@MByrd-qg2iv]

I just got the 13 pro max now I regret it a lot now. 😕 I wanted to pay extra to shorten my months down but they won’t let you which I think is not cool.

[@cjxgraphics]

My current phone is paid off, so my phone bill dropped a good $25/mo. At&t has their trade in offer, which would put my new bill back where the old one was, but hey, new phone. Except they don't have the new phone. They won't have it for weeks. You know what, I don't think I need a new phone after all. At least not for a while.

[@marid2891]

While I understand what you are saying most people I know keep their phones over 2 years. I still have 6s plus. It’s going on what 6 years now?

[@techno_eclipse]

Hell yeah! Fight the system! I’m only on an 8+ but I’m going to try and make it 5 years, 2 more to go!

[@FNJ720]

I used my 6S+ (which I bought used off eBay & I still own!) for 3 years! From March 2016 to April 2019! I upgraded to a Xs Max on a new AT&T plan & I’m almost done paying for it. I did not want to trade in because I like to own what I pay for, I’m old fashioned like that. I’m not going to upgrade until next year when the iPhone 13 drops & that’s if I don’t change my mind and keep it longer.

[@beautyjournal217]

@@techno_eclipse I can easily purchase the newest iPhone full price right now. But I’ve decided not to because my 8+ is working just fine and I’m very happy with it. This is how I stay rich I guess lol. Good video! People need to learn how to be more financially responsible , but it s all about instant gratification now in society sadly.

[@MovewithJenna]

In order to start this payment plan, one has to pay 50% cost upfront. I decided to just go with Apple Card installment payment.

[@cash78626]

How is it any different to a phone bill or insurance? You can’t get around monthly payments

[@Eric-bh8sp]

I respect your respective 👌🏾

[@dayday42442]

I like this guy, this is the 1st time I’m watching him. I’m really into these tech videos and he seems to have good content. Let’s hope I don’t make a bad decision by subscribing!💆🏿‍♂️

[@gamerslifetv2348]

I like ur music it makes me listen more

[@smoothbeak]

Right on the money. Just like that article "You will own nothing, and you'll be happy".

[@jamespeterson7100]

Great video! 🙂👍

[@TheKingAmeer]

its basically like leasing a car or renting

[@dodecahedron1192]

They make money both ways selling you phone and then buying your old phone and selling it for more money. But at least they do not charge any interest for 24 months. I always pay the full price upfront and I never buy a locked phone. I keep my phone for at least four or five years. Till there is a significant change in technology.

[@j.r104]

Question is it true that if u activate an iphone the phone bill will rise up ??? I want to switch from android to ios and want to buy it from a friend but idk if its the right move right now

[@ItsCold101]

So i have a 6 plus that is stuck at ios 12 and i cant download anything not even my bank or simple things, i cant afford 800/600 bucks for a phone so i was going to get an iphone 11 for 22$ a month should i do it??

[@justinwhitson2679]

You can no longer purchase the iPhone outright through the carrier. I tried buying an iPhone 13 from Best Buy in cash in full and they would not allow me to purchase the phone. They was the last straw for me. I bought an S22+ and didn't look back.

[@johnwilliamsoniii3936]

Still have my iPhone XR and I’m going to repair it instead of replacing it for as long as I can.

[@PATRICKANANDA]

Spttin’ faxxx

[@bradorange1920]

Great video ! Younger people need to see and understand this !

[@lukefromtexas]

I just pre-ordered the 13 mini and I am paying in full. I am upgrading from an iPhone 8 with a cracked screen, full storage, failing battery, and overall slower performance. I love upgrading every four to five years because it seems like such a huge upgrade. I don't understand people that upgrade every year and then complain how there is not much of a difference between devices.

[@lukefromtexas]

@@johnringolll4517 Yeah if I wanted to be locked into one of their expensive unlimited plans which I don’t. The phone credit is the contract now. How have people still not figured this out?

[@David-gs9vw]

Damn bro u so right 💯 %

[@aklokoth]

Waiting outside verizon to replace my galaxy s9+ after shattering the screen (not just glass, the digitizer and display are all wonky and glitches out now). Still getting iPhone 12 on installments, because wife won't let me buy it out right lol.

[@aklokoth]

Side note, I dont get new phones every year. Hence the GS9+, planned to keep it till the battery kicked the bucket or the burn in on the oled got unbearable.

[@Gary0557]

Excellent video and so obvious, but most of us don't because it's too easy to pay monthly.

[@techno_eclipse]

Paying monthly is the problem here. A phone is relatively cheap compared to other things, but if you’re paying monthly on that you’ll pay monthly on everything

[@camelotfeeney903]

He’s so young , yet so educated and responsible with finances. Now only if 95 % of the generation his age would get it. I tried to explain this to my son , his response ( but I’m do for an upgrade)😄 so yeah, it’s already etched in the minds. So learn the hard way!

[@shaf747]

Just go and watch the release trailer for your current phone!

[@undeadxrainfall6474]

I screwed myself few weeks ago I bought a galaxy s20 ultra then sold it back to Verizon for just 500$ when I payed over 1000

[@gummybacon123]

my iphone 7s ive had for years has finally run its course and im looking to buy a new phone but i really dont have 1000 to drop on a phone not sure if a payment plan is a good idea for me

[@syk1534]

If it fits your budget each month its good. If you decide you don't want to pay every month then you can pay early

[@nicholasolson2953]

It's stupid that Verizons deals are almost always $100 off with new line required or $0 with new line required.

[@Mrs.ScottSchroeder]

Hahah just kidding - I am very proud of you for this video!

[@bryanstephens8613]

If you’re getting a payment plan at 0% interest rate, then what is the difference?

[@johnwilliamsoniii3936]

You’re still working to pay for something that isn’t yours at the end of the day.

[@bryanstephens8613]

@@johnwilliamsoniii3936 I guess that’s true, but the fact is you are still paying the same amount. I could see if Apple was charging you some crazy APR. eventually it’s be nice to be at a level where you can buy everything in cash. It’s just not realistic for 90% of people. In that case, look for the 0 interest options on everything, and then budget yourself unmercifully.

[@johnwilliamsoniii3936]

@@bryanstephens8613 I see your point. But I think it’s the fact that you take the phone out on installments then you are working to pay for something that isn’t yours. When the next phone comes and someone decides they want it, then they set it up on another installment plan and the cycle continues.

[@govyhidden5189]

what if i keep the phone tho till i pay it off

[@hazeysgarden]

The thing about tech is it changes so fast it’s not a bad idea to get a new phone every few years. Now we talking about a house, or a car, which are peoples largest expenses. Then I feel you.

[@kwamew.2331]

Sounds like common sense. I like it!

[@brendacampbell3951]

I was a payment plan once for a phone and it took forever to pay it off. Go by the old moto. Just pay Cash.

[@syk1534]

Or save money and if you don't feel like paying it off then prepay the rest of the price you owe

[@Tonic_Visuals]

if there is intrest on the iphone when you purchase the phone through a payment plan then hell no but if its still the same price at the end and you plan to have the phone for years then hell yea using a payment plan gives you time even if you can buy it that same day use your credit card for like 50 a month make sure you pay it off boost your credit.

[@samadakbari182]

What it’s teaching to own anything it’s teaching between poor and a man that have money to own these things in one time is no different