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Investing in a New 'Something'
Technology is always moving on. No sooner have you bought it, something new comes out - leaving your new purchase 'in the shade'.
One of the common approaches to making a new purchase is to wait for the prices to drop. Often when a product is first produced (like the iPhone) the prices are very high - simply because the product is in high demand. Generally, after a number of months, the prices will begin to drop - sometimes substantially, thus making the product much more affordable to anyone and everyone.
The problem with doing that though is that by that time, not only has there been an update to the product, there will probably have been several updates to the product - with the new updates still having a high pricetag.
So, you finally get that new 'something' you’ve waited months for, only to find that you are purchasing it under a cloud of dissatisfaction as you would really rather have the newer, updated model. So you do win in the financial department, but lose in the area of satisfaction!
Then what is the answer?
One thing you can do is simply 'bite the bullet'. After all if this new product would cost you 120 pounds less in 6 months time, weigh it up - is the novelty or additional convenience worth an additional 20 pounds a month? If yes, then buy it! (assuming that it won't be putting you into debt!)
At the same time, there are often, or at least sometimes ways around the high prices. Some options can include finding one on an auction site such as Ebay - potentially from someone who had received one as an unwanted present, or you can sometimes receive refurbished ones from reputable companies. These 'refurbished' items can sometime be in an absolutely perfect condition.
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