Can You Afford an iPhone? Pooja Patel's Expert Advice on Salary Requirements

Finance expert Pooja Patel has some important advice for anyone considering buying an iPhone. According to her, there is a simple rule about spending money on personal desires.

But what if you want the latest iPhone 16 base model? Pooja says you will need a salary of about ₹2.5 lakh per month.

Two Important Warnings

Pooja gives two very important warnings when it comes to buying an iPhone:

• Avoid purchasing on EMI: Buying an iPhone on an EMI (Equated Monthly Installment) plan might result in financial difficulty.
• High interest rates: Many individuals assume that "no-cost EMI" means no additional expenses; unfortunately, this is not always the case. These plans might have high interest rates, making the phone more expensive in the long run.

View this post on Instagram

A post shared by POOJA PATEL • FINANCE • MyFundSIP (@profittiger_)

Show-Off Culture Can Be Costly

Today's culture often encourages people to flaunt their assets, but this can be very expensive. If you need an iPhone for work, like Pooja does—because she uses it to take pictures and videos—it's worth the investment. However, if it's something you just want to impress others with, you're better off sticking to the 30% rule.

Before buying an iPhone, consider your salary and if you want or need it. Make smart budgetary decisions to reduce unnecessary expenses and stress.