But I know some set of people who will always go for the new generation of phones. It is like a yearly ritual that they must buy the latest model of their phone. I have seen some go as far as buying these phones on credit because they don't have enough funds to pay. The most troubling part of it is that they are not using these phones for business or any productive activities.
It will not be a bad economic decision to reconsider and adjust our craving for these new products especially if they will not be beneficial financially.
ReferenceAround me there are people like that, whose lives are always in debt because they can't stop themselves from buying the latest version of a smartphone, and it's bought just for lifestyle, not something productive that can make money.
My smartphone is currently about 3 years old and it's still quite helpful in my work and considering buying it because it's worth replacing.
You may buy the latest smartphone every time there's a new version, as long as your economy supports it, but actually it's not that important., and even the review channels about the latest smartphones that I often watch videos of will sell smartphones that have been reviewed because it's not that important to always have the latest version, because we can save enough to make our economy better if we invest it.
Same here or simply this do really pictures out our neighboor and not really just that being too minding about their own actions but you cant really be able to avoid on not to say something basing up on what you are seeing. I do have a neighboor who do have also tons of debts on which you could be able to see that there are tons of debt collectors that do came everyday on trying to get some day-to-day collection of their debt amortization or whatever its called. You will really be able to assume out that its just fine to have a debt but you could really be able to see that they are really that having the latest gadgets plus having that kind of travelling and other things which you could be able to say or thought that as if they dont have any debts or have the money that could spend out, but its really actually obvious that those are loaned money that been used for.