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3 Awesome Things You Could Buy Instead of the iPhone 5

Posted By Miranda Marquit On 11/12/2012 @ 12:15 pm In Personal Finance | 10 Comments

Recently, the iPhone 5 was released to a great deal of hype. The snafu with the maps app notwithstanding, many people are thrilled with the latest version of the iPhone.

While I think that it would be fun to have an iPhone, it’s not something I consider a necessity. Indeed, I still have a “regular” cell phone on a prepaid plan [3]. When you think about how much a smart phone like the iPhone 5 would cost overall, it becomes apparent that you could do something else with the money.

I’m a big believer that you should spend your money on what’s important to you. So, if you like the idea of having an iPhone 5, and don’t mind spending the money, I say go for it. But, consider that an infographic from Mashable puts the total cost of the iPhone 5 [4] at a little more than $1,800 by the time you pay for the phone, plus the contract and required accessories.

Here are some of things you could buy if you decide to forgo the iPhone 5:

1. Used Car

If you are in need of transportation, you can get a used set of wheels for $1,800. According to a search I ran on Cars.com, you can get a 1998 Pontiac Grand Am SE with almost 130,000 miles for $1,800. And there are plenty of other cards, from a 2000 Buick Century to a 1997 Cadillac Seville SLS, for less than $1,800.

No, it’s not going to be the sweetest ride ever. However, if you are just looking for something to get you around town, you can find a reasonably reliable car for the same cost as an iPhone 5.

2. One Week Cruise

Want a seven-night cruise from New York City to the Bahamas? You can get an inside room for $469 per person (for a total of $938). If you want a suite, you can get one for $909 per person. That’s $1,818 — about $10 more than the iPhone 5. There are several cruise opportunities, ranging from three nights to 10 nights, from various ports, for the cost of an iPhone 5. Get an inside cabin, and you can go on a cruise, including the cost of airfare to get you to the port, for less than what you would pay for the iPhone 5.

3. Engagement Ring

My custom wedding band, which we had made by a local jewelry artisan, cost us about $500. Of course, we bought it when gold cost much, much less, and it has only one small diamond, and two small emeralds. I know that there are folks out there who want to spend more than that on a ring, though.

If you want to buy a decent engagement ring [5], you can do so for $1,800. And in some cases, that’s still considered a frugal option. Granted, it’s not going to be a particularly glamorous option, but it’s still available. If you aren’t adverse to it, you can buy a ring on Amazon or eBay, or get a good deal from a pawn shop. Decide that diamonds are unnecessary, and you can get even more rock for your buck.

What do you think? Is there something you would rather buy than an iPhone 5?

(Photo: methodshop.com [6])


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[2] Email: mailto:?subject=http://www.bargaineering.com/articles/3-awesome-buy-iphone-5.html

[3] “regular” cell phone on a prepaid plan: http://www.bargaineering.com/articles/save-money-prepaid-cell-phone.html

[4] total cost of the iPhone 5: http://mashable.com/2012/10/01/iphone-5-true-cost/

[5] engagement ring: http://www.bargaineering.com/articles/your-take-would-an-engagement-ring-from-costco-bother-you.html

[6] methodshop.com: http://www.flickr.com/photos/methodshop/7400998992/

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