He bought the iPhone X. Despite all the advice and all the time to consider his options, he chose what he wanted. And he paid every penny of the purchase.
This is a follow up post to this one. My recently turned 13 year old son has been BEGGING for the iPhone X since it was announced last summer. I mean, he has not let it go. And has asked everyone for a contribution. (And everyone told him NO!)
Wait 30 Days
According to several personal finance experts, they say to hold off on big purchases for at least 30 days. He was forced to hold on to this dream for over a year.
They also say to pay cash. He had to do this as he had no other option.
And of course, it is always advised that you watch for deals. He was able to get the $1,000 phone for $549 + tax through my business account with Verizon.
All in all, without knowing it, he followed all the expert advice on making such a large purchase.
Not What Anyone Advised
Gymnast has heard feeback from alot of people on this purchase.
- No way, no one, let alone a teenager needs a $1,000 phone.
- It’s just a phone. It will just call and text like any other phone.
- Think of all the other things you could do with that money.
- What if you break this one too? Since you have broken every other electronic ever.
- And so on and so forth.
Despite it all, he’s held true to his dream. And he’s worked hard to earn the money. And saved all his birthday money. (He asked for money toward a phone purchase for his 13th birthday.)
To be honest, I don’t know many adults that hold off on dreams that long. Typically by the time it comes around, they have moved on.
Sad but Proud
First, off I am very proud of his diligence and “stick with it-ness.” He’s stood up to just about everyone we know to pursue what he wants. Although, I don’t agree with it in this case, I can’t help but be proud of this characteristic. Standing up for what you believe can be hard, especially when everyone tells you that you are wrong.
While I won’t say he sacrificed a great deal because the bulk of the money came from his birthday. He did work VERY hard for half of it. And he made a wise decision is purchasing a good case first, then the phone.
He spent the month of July in Texas with my parents, and worked in the Texas heat trimming bushes, cutting lawns, painting dressers and more to earn money toward the phone. All this without knowing how much he was earning.
He even earned enough to purchase the back to school clothes he wanted. And while he may be broke now, he is all set for school and is still starry eyed at the phone in his hand.
I know many will disagree with me allowing my son to spend over $630 (phone, tax and case) on a WANT and not a need. But I believe he is old enough to make these decisions with his own money. And I also believe he is old enough to learn important lessons from whatever happens next. For instance, he has no spending money now with two weeks left of summer. He already has other things he wants and he will have to wait. And so on.
If something happens to the phone, well, he will learn from that too. But for right now, in this moment, my teenage son who has suffered a great deal of loss over the last few years is very proud of himself and very happy with his purchase. And that warms this mama’s heart.