Before purchasing a new cell phone, what should a college student first consider?

Before purchasing a new cell phone, a college student should first consider whether the new cell phone is a need or a want. This distinction is crucial because it helps the student evaluate the necessity of such a purchase in light of their financial situation and priorities. Understanding the difference between needs and wants allows the student to make a more informed decision about whether investing in a new cell phone is justified based on their current circumstances.

Needs are essential items that are necessary for day-to-day living and functioning, such as a device needed for communication, studies, and work. In contrast, wants are items that are desired but not essential. By assessing whether the phone is a need or a want, the student can avoid impulsive purchases that might lead to financial strain or detract from funding more important necessities.

In the context of the other options, while knowing how much data might be needed and affording monthly payments are important factors in the purchasing decision, they come after the fundamental question of necessity. Evaluating peer influence, such as whether friends have the newest model, also might sway the decision but does not address the core issue of personal need in a financial context. Overall, determining the nature of the purchase lays the groundwork for a thoughtful and responsible financial decision.