How To Save Up For An Iphone As A Kid?

We know you’ve been eyeing that shiny, sleek iPhone for a while now. It’s more than just a phone, right? It’s a status symbol, a gaming console, a camera, and your ticket to the cool kids’ club.

But let’s face it, those Apple price tags can make your piggy bank tremble in fear.

But don’t worry, we’ve got your back!

In this guide, we compare the price of various iPhone models in detail so you can understand the financial commitment required.

Also, we’ll discuss the additional costs that often go overlooked, like accessories and insurance that protect your iPhone.

But our assistance doesn’t stop at a cost analysis.

We’ll instruct you how to earn and fill up your piggy bank ( from setting up a lemonade or hot cocoa stand to renting out your books) faster than you can say “Siri, where’s the nearest Apple Store?”.

So buckle up, kiddo! Your journey to iPhone ownership starts here.

Understanding the Cost of an iPhone

Understanding the Cost of an iPhone

1. The Price of Different iPhone Models

  • iPhone 14 Pro & iPhone 14 Pro Max: Starts from $999 or $41.62 per month for 24 months before trade-in.
  • iPhone 14 & iPhone 14 Plus: Starts from $799 or $33.29 per month for 24 months before trade-in.
  • iPhone 13 mini & iPhone 13: Starts from $599 or $24.95 per month for 24 months before trade-in.
  • iPhone SE: Starts from $429 or $17.87 per month for 24 months before trade-in.
  • iPhone 12: Starts from $599 or $24.95 per month for 24 months before trade-in.
  • iPhone 11 (64 GB): $283.98
  • iPhone 11 (128 GB): $339.00 
  • iPhone 11 (256GB): $389.97
  • iPhone 11 Pro (64 GB): $345.00 
  • iPhone 11 Pro (256GB): $415.00
  • iPhone 11 Pro (512GB): $479.00
  • iPhone X (64 GB): $213.24
  • iPhone X (256GB): $249.45
  • iPhone XS Max (64GB): $278.00

2. Additional Costs to Consider: Accessories and Insurance

The cost of an iPhone is not just the price of the device itself. There are additional costs that you may need to consider:

Accessories These include items like cases, screen protectors, wireless chargers, and headphones.

While some of these are optional, others like a case or screen protector are almost essential for protecting your device.

The cost of these can add up, especially if you opt for branded accessories.

Insurance Apple offers an extended warranty service called AppleCare+, which covers accidental damage and offers other benefits.

The cost of AppleCare+ varies depending on the model of the iPhone. It’s an additional cost that many users opt for to protect their investment.

Apps and Services While many apps are free, some require a one-time purchase or a subscription.

Additionally, Apple offers services like iCloud for additional storage, Apple Music for streaming music, and Apple TV+ for streaming video content.

These services come with their own monthly or annual costs.

Creative Ways to Earn Money as a Kid

1. Setting Up a Lemonade or Hot Cocoa Stand

Setting Up a Lemonade or Hot Cocoa Stand

This is a classic way for kids to make money, especially during the summer months. The child can make lemonade or hot cocoa (depending on the season) and sell it to passersby.

This not only helps them generate income, but also teaches them basic business principles such as supply and demand, pricing, and customer service.

2. Organizing a Backyard Movie Theater

With the help of an adult, a kid can set up a projector and screen in their backyard and invite neighbors to come and watch a movie for a small fee. They could also sell popcorn and drinks for additional income.

This can be a fun and creative way to earn money, and it also helps build community spirit.

3. Becoming a Neighborhood DJ

If a kid has a passion for music and a good sound system, they could offer their services as a DJ for neighborhood parties or events. It could involve creating playlists, operating sound equipment, and even learning to mix music. Which not only allows them to generate income but also helps them develop valuable skills and pursue a hobby they enjoy.

4. Crafting and Selling Homemade Items

Crafting and Selling Homemade Items

If a child is crafty, they could create and sell homemade items. This could be anything from jewelry to artwork to baked goods. They could sell these items to friends, and family, or at local craft fairs or online platforms (with the help of an adult). This not only allows them to make earnings but also encourages creativity and entrepreneurship.

5. Offering Lawn Care Services in Your Neighborhood

This involves providing services such as mowing lawns, raking leaves, or even shoveling snow during the winter months.

Many homeowners either don’t have the time or the physical ability to maintain their lawns, and they are often willing to pay someone else to do it.

As a kid, you can offer these services to your neighbors. This not only helps you earn money but also teaches you about responsibility, hard work, and the value of providing a service.

6. Dog-Sitting or House-Sitting for Neighbors

Dog-Sitting or House-Sitting for Neighbors

Many people need someone to look after their pets or homes while they are away on vacation or business trips.

As a kid, you can offer to take care of their pets by feeding them, taking them for walks, and giving them company.

House-sitting could involve tasks like watering plants, collecting mail, or just making sure everything is secure. This can be a great way to generate income, and it also builds trust with your neighbors.

7. Renting Out Your Books to Friends

If you have a collection of books that your friends are interested in reading, you could start a small rental service.

You could charge a small fee for each book that your friends borrow. This not only helps you earn some extra cash but also encourages a love for reading among your friends.

It’s important to keep track of who has borrowed what and when it’s due back to ensure you get your books returned.

Final Words

To sum it up, saving up for an iPhone as a kid is not only a feasible goal, but it’s also an excellent opportunity to learn about financial responsibility and the value of hard work.

By setting a clear goal, creating a savings plan, finding ways to earn money, and practicing patience, you can eventually afford the iPhone you’ve been dreaming of.