Hi all,
I recently purchased an iPhone 8 like a fool. The payments are 29.99 for two years.
I then rediscovered the importance of Mustachianism. Actually, MMM completely owned my life decisions in one sentence: "If you still have student loans, get them paid off BEFORE you splurge on that iPhone or overseas vacation." I got both but the vacation is already a done deal yet not overseas.
Anyways, I was thinking about opening a credit card for the $150 bonus (potentially $200) to then charge the phone for the $500 to receive the bonus. Apply the $150, then $205 I already have in cash back rewards from my BoA account, leaving me with roughly 100$ to pay off, which I can do easily.
I realize I'll take a credit hit initially but will eventually level out. (My credit is 734). But I'm wondering if this is all fancy talk, or should I just suck it up and pay from my savings to own my mistake.
Once I pay off the phone, I can consider leaving verizon and, in one fell swoop, lower my phone bill from over $100 to $55 or potentially even below.
Let me know.
Ocon