Here in the US, it’s not, carriers do Equipment Installment Plans as the new “contract” but they’re all 0% interest for the most part, so it just the outright price of the phone broken across 24 months (or the option of 36 on AT&T iirc)
But i dont have £1700 to hand to buy it outright and buying on finance direct from samsung cost more than half what i pay on my contract per month. The contract is with o2 and they offer a separate airtime and phone plan. They are independant of one another. It would have cost more to buy separate with the airtime plan i have and the discounts i applied and extras i got for free with this particular contract.
I dont think that’s fair to say. Would you apply the same logic to a house or a car?
Of course, i could pay for this phone in a single month, but then i wouldn’t have enough for gas or electricity for my home. Or to pay for my car, or for food or anything i might need that month.
Even the biggest companies in the world borrow to pay for things. Spreading the cost is a perfectly acceptable and legitimate way to pay for something.
I save for other things. I have my bills, and i have my savings.
Whilst i appreciate the financial advice, i would prefer a less matter of fact approach to calling me irresponsible
Btw, getting a phone on contract is usually more expensive than getting the phone and the contract separately.
Here in the US, it’s not, carriers do Equipment Installment Plans as the new “contract” but they’re all 0% interest for the most part, so it just the outright price of the phone broken across 24 months (or the option of 36 on AT&T iirc)
But i dont have £1700 to hand to buy it outright and buying on finance direct from samsung cost more than half what i pay on my contract per month. The contract is with o2 and they offer a separate airtime and phone plan. They are independant of one another. It would have cost more to buy separate with the airtime plan i have and the discounts i applied and extras i got for free with this particular contract.
If you don’t have those 1700£ to buy it outright maybe you shouldn’t be using a 1700£ phone and focus on saving up
I dont think that’s fair to say. Would you apply the same logic to a house or a car?
Of course, i could pay for this phone in a single month, but then i wouldn’t have enough for gas or electricity for my home. Or to pay for my car, or for food or anything i might need that month.
Even the biggest companies in the world borrow to pay for things. Spreading the cost is a perfectly acceptable and legitimate way to pay for something.
I save for other things. I have my bills, and i have my savings.
Whilst i appreciate the financial advice, i would prefer a less matter of fact approach to calling me irresponsible
Personally I apply that logic to everything except a house (so I hopefully can afford a house one day)
Sorry if it came across rude, didn’t mean it like that