The iPhone 14 is here, and if you’re an Apple fan, you’re dying to get your hands on one. In terms of price, the top-end iPhone 14 Pro Max model can set you back by around Rs 1.5 lakh, and as an Apple fan, you might not mind the price.

But if one of those hurdlers is having second thoughts about whether or not you can do it on your phone, then there are practical reasons you might want to consider.

Should you buy it? When it comes to things like iPhones, one may not think wisely as to whether it makes financial sense to buy one. But let’s look at it this way. Let’s say, do you have an iPhone 13 that you bought last year? Should you go for the upgrade now? Well, not really.

Says Nimish Dubey, technology expert and deputy editor of TechPP, a technology blog. According to him, Apple has done well to keep the price of the iPhone 14 the same as the iPhone 13, which is very surprising, if one considers the increase in the price of the product.

“The processor is not the same as the 14 Pro series, which is a bit of a drop, but it’s still better than the iPhone 13. You also get good cameras and a good battery. It’s nothing new, but it improves on many features, and that makes it a solid update. Much will depend on how these updates work, though,” Dubey said.

But let’s say you’ve been using the iPhone XR for the past three years and it’s time to get a new phone, should you consider buying a new iPhone?

Let’s say a mobile phone costs Rs 1 lakh and you use it for three years. It means that every month, you pay around Rs 2,700 for the phone. Ask yourself if your salary is high enough to justify it. If you’re someone who wants to upgrade your phone every two years, the bill will probably be different.

“If there is a need to use then the purchase makes sense, for example, if you are a creator and you need to upgrade your phone for your work, then obviously it makes sense. Or buying it also makes sense if it is less than 25 percent of your monthly salary, even if it’s just for satisfaction, because it won’t impact you,” says Anant Ladha, founder, Invest Aaj For Kal, a financial advisory firm .

Another way to look is simple. If you are a person who has a monthly budget and follows it and who invests regularly, there is no reason why you should not splurge on an expensive phone.

Should you buy for money? Paying a large sum up front can be painful, but when it comes with ‘easy’ financing options, it can seem more affordable.

Ladha said: “The iPhone is a consumable, and charging any kind of money for consumables would be expensive, and not worth the money.”

Even if it’s a zero-fee option, you may have to pay some processing fees. Also, let’s say, you buy a phone worth Rs 1.44, and you have to pay Rs 12,000 as Equated Monthly Installments (EMIs) for 12 months, at first glance this amount may not be much, but if you are. taking EMI on your credit card, you have to pay Rs 12,000 every month in credit card dues, on top of other fees. A bloated bill can force you to delay or slack off on your credit card payments or pay the minimum required. Then you have to pay a lot of interest on what is due, and you can get into a debt trap.

“Cashback on some cards can save you money, but if you really want to take advantage of the cashback, then invest the cashback as soon as you get it. Our minds automatically count cashback as free money, and we can end up spending it.” on things that don’t matter,” said Ladha.

Also, there will be new items in the iPhone 14 series, but iPhone 13s are now selling at a discount. If you want to upgrade from the old version and can do without the new features, you can consider going to the iPhone 13.

If you prepare it well, this ‘Apple’ should not be a ‘forbidden fruit’, the phone.

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