How to Cope With the Rapid Changes in Technology

They’re taking place faster than the blink of an eye, and if you’re a tech aficionado, it leaves you in something of a bind. Technological advances are happening by the nanosecond, and you would think this is a good thing, but not if you love gadgets and are updating yours to keep up with the changes. You’re just about done showing off your new smartphone with all its advanced features when another model, one that is more advanced than the one you purchased hardly a month ago, hits the market. And now you’re torn and frustrated because while you don’t want to spend more money, you want the new gadget badly. Keeping up with changes in technology can become expensive and difficult if you’re not careful, so here’s what you can do to cope:

  • Draw the line between need and want: Sure, you want the new smartphone, but do you really need it? Maybe not, but then, want is a powerful emotion that can make you buy something you don’t really need. I’m not saying you must never give in to want, but there must be a line you draw between need and want if you want to be financially savvy as well. So say you invested in an iPhone 3G three months ago when Apple comes out with a newer model with a few more features, it would be wise to push the line closer to need and away from want. The cost of the new phone does not justify the purchase, not when your old phone is still considered a “new” model.
  • Think about what you really use: When you want to buy a new phone, do a little research about the features it offers. If you use those features regularly, and if they’re not really advanced in the model you own at present, then you can justify your new purchase. But if you’re buying the newer model for status reasons alone, then you may have to consider your financial situation as well.
  • Ensure that you have the money in hand: If you’re borrowing to buy the phone, if you’re putting your purchase on your card and going to pay only the minimum balance every month, or if you’re doing without other necessities so you can afford the phone, don’t buy. It’s just not worth it.
  • Find out if the new features are usable: Very often, you buy a smartphone because of the features it offers. But if your service provider does not support those features yet, it could turn out to be a waste of money. So before you buy phones that are loaded with features, check if you’ll be able to use those features where you live.

You cannot hope to own every kind of technological gadget there is, simply because there are too many and because they are introduced faster than bullets out of a machine gun. So the best thing to do is choose your gadgets wisely so that you’re both technologically ahead and financially savvy.