If you are one of the tech frenzies that went after an iPhone 7 or Samsung S8 as soon as they were released, you should take a look at the things you could have bought instead with that price in Malaysia. Though it might be too late for some of you now as you already own one or still paying the monthly installments for the gadget, we think it is still a good reminder for you to think twice before buying the next iPhone or Samsung phone in the near future.
The World Is Obsessed With Owning An iPhone And Samsung Galaxy Smartphone
Both phones continued to be warmly received by the public and this indicates the increasing pace at which consumers are changing their smartphones. Not because they need it, but because it is new and everyone just wants one to feel good.
It is more common to see this kind of obsession for world-renowned brands, especially among millennials and the younger generation. The problem is, many of them tend to neglect the less popular alternatives, or they avoid proper financial planning altogether before buying such big-ticket items.
Some of them may counter this statement and say: “I can leverage on 0% interest installment plans with my credit card, so it should be fine.” This only works if you can repay your monthly credit card debt and understand how to manage your expenses and credit limit, which does not seem to be the case in Malaysia today.
People tend to overestimate their credit limit and underestimate the consequences of outstanding credit card debt accumulated from multiple installment plans.
The point is, we all should consider our financial capabilities and needs when it comes to making the decision to buy an iPhone or any other gadget that may not be as crucial.
Here’s What You Can Buy in Malaysia For the Price of An iPhone 7:
Here’s What You Can Buy In Malaysia For The Price of An iPhone 7 Plus:
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