FEATURE l Should I Buy Iphone on Cash or Credit?

iPhone fully paid—by cash or credit? The real cost of biting into the Apple depends on your appetite and discipline. In a world of easy swipes and hard-earned pesos, how you pay for your iPhone reveals more than just your budget, it reflects your financial mindset.

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Well, who doesn’t like apples? It’s super healthy for our body and apparently keeps our doctor away. Surely, everyone would want a bite. Except, in some cases, the bite might hurt a little. Especially in the wallet. Like, you know… Iphones?  

Depending on the Apple you want, you may need either P25 or P100k in your pocket. That’s to say you know first what your goal is for buying. Do you want an apple to display in your basket? Do you want an apple for your taste? Or do you want an apple for its lasting benefits to your well-being? 

Whatever the reason, buying an Apple worth over five digits needs some preparation before you go to the market. What color, what size, what weight? Which shop, which model? Those who can easily afford Iphone’s a bit indulgent prices only have to decide on these varieties, but those a little tight on budget—but craving—may have to consider different carts. 

For a simple shopping experience, let’s try to put the apples in two different baskets.  

Basket 1: Buy Iphone by Cash 

Pros:  

• You can take it home the same day you buy it and enjoy all you want with no monthly payment notifications popping in your screen. No need for DND. 

• You don’t need much effort in applying for loans, completing the requirements, and paying for additional charges. 

Cons: 

• You need the full amount in your hands, which can take time and effort. It also means you have to wait until you save up enough money for your new phone. 

• You may have to adjust your lifestyle and plans. Saving up requires dedication and discipline, or even sacrifice. 

Basket 2: Buy Iphone by Credit 

Pros: 

• You can buy even when you don’t have enough money yet.  

• Installment payment can give your budget more flexibility. 

• If you already have credit sources such as credit cards, purchasing can be convenient and smooth. May even help your credit score and win you rewards. 

Cons 

• You have obligations. You have to make sure you can pay steadily in the long run, or you may end up losing your phone with penalties. 

• You may have to pay more than the original price considering interest rates and other loan-related fees. 

• Credit applications can be complicated. 

So, which basket would you like to take home? 

In the modern world, we buy fruits in cash, we buy gadgets in a swipe. Availing is easy, but affording can be tricky. You have to pick wisely. Remember: apples can be planted into another tree, apples can also rot. So it’s up to you to make healthy choices that will leave you full and satisfied. Put it simply on the plate, your apple depends on your appetite.