Welcome Guys, this article is about how much you should invest in your smartphone. This is one of the most basic and important topics that you should know about. We are going to discuss some of the drawbacks that we have seen many young people have when they were buying their new smartphones.
Not to mention, this article is not about configuration or any technical details, but more than that. First things first, a smartphone is a depreciating asset. This means that as time passes, it loses its actual value.
How Much Money Should You Spend to Buy a Smartphone? Ideally, you should avoid buying smartphones on EMI as there are comparisons between flagship smartphones and mid-range smartphones.
Ex: If you buy a top-notch smartphone for ₹50,000, just after a year, if you try to sell it, the value you would get is ₹15,000 to ₹20,000. This is a Low Amount for Your Android Smartphone Because Many of the OEMs, Sometimes, Reduce the Price Drastically, Especially in Sales. This is why after-market devices just go lower than lower.
Furthermore, your smartphone is a tool that depreciates over time. Nowadays, most users use their smartphones for two years, and aggressive users only use them for one year. On the other hand, Apple iPhones can be used for three years, and they also manage to get more valuable than Android smartphones for a longer duration, but they depreciate as well.
In 2019, the mid-range smartphone is very powerful, even in the ₹15,000 price segment. You have a great smartphone with great battery life and capacity. Also, the cameras, such as Realme XT and Redmi Note 8 Pro, offer the first smartphone with 64MP cameras in the mid-range segment. Till now, we don’t have smartphones with 64MP flagship devices.
Moreover, every general task you can do in the flagship and mid-range is going to be the same. The Best Sweet Spot is around ₹15,000 Not more than this if you can compare mid-range flagship designs that cost a lot and are not even 4x to 6x better. In India, many potential buyers purchase top-end smartphones just to show off and for branding. It feels wrong and sad, especially for young people.
Buying a smartphone for more than they can afford, more than their one-month salary. Which is nothing but stupidity. You fall into those e-commerce platforms where they give you EMI options and easily instant approval as well. Buying an Expensive Smartphone on EMI But we suggest you never buy a smartphone on EMI. If you are not comfortable with the actual price,
Don’t buy.
You don’t need more than ₹15,000 for your smartphone if you are a student or a general user. These general mid-range smartphones are becoming so powerful. Don’t buy for EMI, and buying for the actual price means you can afford those devices. Which gives you more happiness and satisfaction than buying a smartphone without EMI.
Instead of buying an expensive smartphone and saving money to spend somewhere else, such as buying a bike, or laptop, paying a loan, EMI, or something more useful, don’t put all your money on a depreciating asset. You have to buy this depreciating asset again after a certain point. Don’t spend money on stupid things to show off just for the sake of it, and young people do it a lot. Okay, if you are willing to settle and can afford a device for an actual price, go ahead and buy any smartphone you like.