4. The Newest Technology
In some ways, this is another way of keeping up with your friends. You want the newest and greatest technology because of all the features it gives you. On your phone, you get a better camera, thinner or bigger phone, and something that looks new and what other people want. But, if you think about it, there is very little difference from one phone to the next. Even if you have the money to pay for a new phone, it doesn’t mean you can afford it.
It is important to remember the difference between having the money in your account and being able to afford the item. When your car needs maintenance that is $800 and the new phone is priced at $800, what you can afford is to fix your car and not buy the new phone.