Most young people today have a very bad habit of spending all of the money they earn on technology while not saving any money in the bank for an emergency. Technology has admittedly become a necessity but it has also become a fad because many young people will buy something simply because the next person has the same thing. They buy high end brands for a lot of money because they want to show their friends what they have and they want to keep up with their friends. However, it can be a rather bad investment sometimes if you do not study what you are buying.
Return of investment
If you are going to buy something for yourself, make sure that the product has the potential of bring in money for you as well. Buying a computer for work is fine but if you are going to be spending a lot more money on computer repairs in Mulgrave, it would not be worth the money that you spend however, if the computer that you bought helps you to do more freelance work while you are at home and therefore bring in more money, you will find that the investment that you made is a good one. Before you make an investment, make sure that you buying the product for the right reasons and not to show your friends that you have a fancy branded product.
One example is how many young people are investing their hard earned money in buying iphones only to find that they have to spend so much more money on iphone screen repairs in Melbourne after a few months because the phone is not at all hardy and causes many problems. If you are buying a product, make sure that you buy a product that you have researched because if you study a particular brand or model, you will find that many people will give clear reviews of the product and will indicate any damages that may occur within the first few months to the phone.
They would be better off investing in a hardy Nokia phone because the phone is known for being able to withstand many falls and nothing has been known to happen to the phone. You need to identify your exact needs and find out if the technology that you are buying has the potential to meet those needs and if it will last you long enough to not only cover your initial investment but also to make some profit for you.