smart spending

6 reasons not to buy smartphone

Smart to buy a smartphone?
Smart to buy a smartphone?

Smartphones are taking over the cellphone market. As of January 2014, 58 percent of American adults had a smartphone, according to a report from the Pew Research Internet Project.

Are smartphone holdouts behind-the-times Luddites, or are there actually good reasons to resist the siren song of technology? After all, purposely forgoing a smartphone when it's time to get a new phone is a tough sell. "I think the reasons for not getting a smartphone are getting pretty few and far between," says Scott Stein, a senior editor at CNET.com.

Is now the time to draw the line in the sand and say no to 24/7 connectivity and nearly all of the information in the world literally in your pocket? Where will it end?

Only you can decide. Here are a few considerations.

advertisement

Show Bankrate's community sharing policy
          Connect with us
MORTGAGE HOME EQUITY AUTO CDs CREDIT CARDS
Product Rate Change Last week
30 year fixed 4.28%  0.02 4.30%
15 year fixed 3.24%  0.06 3.18%
5/1 ARM 3.41%  0.12 3.53%
 
View Rates in your area Next
Product Rate Change Last week
30K FICO-based HELOC 4.36%  0.02 4.34%
50K FICO-based HELOC 4.06% --0.00 4.06%
100K FICO-based HELOC 3.91% --0.00 3.91%
 
View Rates in your area Next
Product Rate Change Last week
60 month used car loan 2.69% --0.00 2.69%
48 month used car loan 2.92% --0.00 2.92%
60 month new car loan 3.19%  0.01 3.18%
 
View Rates in your area Next
Product Rate Change Last week
1 Year CD 0.93%  0.03 0.90%
2 Year CD 1.13%  0.04 1.09%
5 Year CD 1.76%  0.00 1.76%
 
View Rates in your area Next
Product Rate Change Last week
Balance Transfer Cards 15.71%  0.02 15.69%
Cash Back Cards 16.41%  0.01 16.40%
Low Interest Cards 10.86% --0.00 10.86%
 
Next
advertisement
FRUGAL NEWSLETTER

Discover new ways to cut costs and save more every day. Reduce your spending, not life’s pleasures. Delivered weekly.

advertisement
Partner Center
advertisement

Connect with us