Funny comment I received today as a person who I was working with on a project saw that I was using a cell phone that is about three years old which does not have the latest features that you would see in a more current phone. He immediately commented by saying that it was time for me to get an iPhone. I then responded by asking why I would want to get that just to spend more money? Sure enough, there was no real answer to that.
While granted I am still in the market for a new one, this is almost like peer pressure spending for adults I thought. Imagine how much money a year you would waste if you ended up buying things like this simply because people say you should have it since so many others do. For myself it usually takes me a good week of thinking before I ever plunge into a purchase like that. This gives you time to make sure that you are buying it truly because you want to as opposed to hype or pressure from others.