Technology, World Changers

Is an Apple Watch (or Other Expensive Gadget) Worth It?

May 24, 2016 | Posted by Eva Baker

Are you the kind of person who likes to get the latest tech as soon as it comes out, or are you more like me and prefer to wait a little bit and let everyone else test it out for a while before you take the plunge?

Just to be upfront about this post, I really don’t consider myself a tech-y kind of person, but I do like to see the latest thing Apple is releasing, as well as other companies. Lots of teens would like to have the latest, greatest tech gadget but aren’t sure that the expense is worth it or are very sure they can’t afford full price!

One strategy people use is to wait a while after something is first introduced in hopes that the price will come down. I don’t know about you but I do that all the time with clothes just by shopping the clearance racks. If you wait long enough the price will normally drop by 50% to 75% or even more! Even the Apple watch dropped by almost $50 from the time it was introduced until now, but it will still cost you $299 bucks just to get started.

Of course, there’s always the $10,000 18-karat-gold version but I doubt it’s going on sale anytime soon…

Video games are also a great example of how prices can drop. If you are willing to wait a while you might be able to get an older game for a much lower price. You can even take advantage of stores like GameStop to get huge discounts on video games that are used. Surprisingly you can find newer games pretty quickly after their release for a significant price cut. I also know a few young people that will do anything to get the newest release of whatever their favorite tech item might be. This is not going to help you if you have a small budget.

Obviously there isn’t anything wrong with enjoying technology and the convenience it offers. It’s a lot of fun to have the newest thing! Just make sure you are willing to be patient and save up the money rather than borrowing and going into debt just so you can have it.

What types of products do you consider must-haves as soon as they come out?

By Eva Baker

AUTHOR
Eva Baker
Since she was sixteen years old, Eva Baker has been blogging about personal finance for teens at her award-winning site Teens Got Cents. She loves Jesus, her two cats and CrossFit. She also watches way too much Netflix most days. You can follow her on Twitter.