By in Budget, Personal Finance, Wealth | 24 comments

How can someone who doesn’t even have the old iPad make such a bold claim? Because I am interested in your net worth and want you to get wealthy!

If money is no object in your life and you are loaded, you can stop reading NOW. Or if your planned splurge is the new iPad, who am I to judge?

The iPad is Here! Now, when will the next iPad arrive?

For the rest of you, here is why you do not need a new iPad.

They are really expensive and less functional than a much cheaper laptop.

 According to Computerworld, “the Wi-Fi models run $499, $599 and $699 for the 16GB, 32GB and 64GB tablets, respectively; the 4G device is priced at $629, $729 and $829.”

I was happy to read in the comments section of the Computerworld article other readers echoing my thoughts. Here’s a paraphrase of one of many similar remarks;

“For the spec Hounds that want USB, Full Size HDMI, etc etc. there’s a great product on the market it’s called a…………………………Laptop, Pick up 2 along with Your choice of an Android Tablet, you will get all the ports, software and an Open OS. GOOD LUCK”

This commenter at Computerworld had the same take that I did. Maybe there is something to the idea of delaying the push for the newest and most popular gadget.

Be Strong and Don’t Let Advertisers Define You

I know what it’s like being swayed by advertisers. After watching an episode of Shark Tank, the reality show where wealthy business people help struggling entrepreneurs with an infusion of cash in exchange for equity in their company, I started to feel like I wasn’t doing enough. After all, I’m not a billionaire on television bidding for a piece of new companies. I don’t even have a fabulous niche product that could benefit from a financial partnership with Barbara Corcoran or Mark Cuban.

So what!

But that is the power of advertising, television, and the internet. Watch out for the influences that are omnipresent in your world.

Take the time to evaluate who and what is causing you to feel as if you do not have enough.

If you have a computer and a television and a phone, do you need more ways to connect? Okay, I get it, some people travel all the time and their jobs require constant access, and a laptop is too heavy and a phone too limiting. If this is your situation, then I’m not talking to you.

For the rest of you out there, force yourself out of the world of “comparisons.” There will always be someone with more than you. As soon as you buy the newest iPad, within a few months there will be a newer and better one.

Attitude Adjustment

Here’s my favorite trick for coping with the “Poor me, I don’t have the coolest of everything syndrome.” Switch your attention from what you lack to what you have. I suspect that if you spent a few minutes listing all the wonderful technology within your grasp, you’ll realize you have abundance.

Most of you have access to these technologies:

  • Computer
  • Phone
  • Television
  • MP3 player
  • Camera
  • Video camera
  • Gaming System
  • Incredible software and applications to go along with the gadgets

Actually, I have almost (oops, I lost the MP3 player) all of the above, plus an extra desktop computer. So, am I a hypocrite telling you not to get the new iPad? Most of my technology items would be considered by the experts as “obsolete.” None of the above are in any way “new” and the video camera and television must be more than five years old. My theory, if it still works, why replace it?

Action Steps

Get a notebook and label it: “(your name) Personal Finance” and keep it by the computer. Use it for all of your personal finance thoughts, activities, and plans.

Make a conscious decision before running after the latest and greatest gadget. Is it worth sacrificing your long term financial goals; college, family, retirement, vacations, home ownership and more? Most folks don’t have enough money to buy everything they want.

Be deliberate in how you allocate your precious financial resources.

  1. Make a pros and cons list next time you feel you must have some new item or tech treat.
  2. Analyze whether the reward of purchase exceeds the cost.

 What Others are Saying

Do I Need an IPad? at Wealth Informatics

The “Wow Factor,” Do You Overpay for it? at Money Crashers

Apple IPhone and Google Android; Who’s Winning Market Share at Financial Success for Young Adults

I Didn’t Buy and IPad and I’m Proud of it at Prairie Eco Thrifter

Barb Across the Web

Do you really need the new ipad?

image credit;


  1. I agree completely with this. I won’t be getting a new iPad. I did however, just purchase a pretty high end ultrabook laptop to improve my blogging efforts.


    March 16, 2012

  2. I am pretty happy with my “first generation” iPad… but I guess I am the exception rather than the norm. 🙂


    George Wong

    March 17, 2012

  3. @Busy, I would go with your purchase as the laptop has so much more versatility than a tablet!
    @George- If it still works, why move on?

    Barbara Friedberg

    March 17, 2012

  4. As a matter of fact, I just purchased my very first iPad – the iPad2 for $419 (I was waiting until the iPad3 came out… so that the iPad2 would drop in price).
    My husband and I debated it for years, but finally decided to get one. It’s much more compact and more portable than my laptop. I know it’s not a necessity, but we can afford to splurge here and there.

    Julie @ Freedom 48

    March 17, 2012

  5. @Julie, I really appreciate your comment. Let me know how it works out and how you use it. Is it a viable replacement for your laptop while on the go?

    Barb Friedberg

    March 17, 2012

  6. I never even got the first one, I did just get a samsung note which is pretty cool, but use about .01% of what it can do:)

    About advertisers and getting caught up in all the hype, my answer to all this – I don’t watch TV, I don’t read about all the great stuff others are doing, but rather focus on my own doing and give credit to those who deserve it!

    Marina K. Villatoro

    March 17, 2012

  7. I don’t have the first iPad. While there are many things I love about technology; I work from home using the internet, and could work anywhere in the world, but I think the abundance of gadgets are ultimately detrimental to us. We spend so much time waiting for an upgrade to an item we probably didn’t need in the first place. I’ve decided my next splurge is going to be an easel and a set of paints so I can start doing art again. And if I decide to spend the same amount as an iPad, I’ll get a piano.

    Andi @ MealPlanRescue

    March 18, 2012

  8. i don’t ever have a iPad..but i want to have the new one i will buy from my salary….so excited to have the latest…


    March 18, 2012

  9. Apple is very good about making us want things we do not need. For example, iPhone is a great tool, but I do not need it.


    March 18, 2012

  10. @Marina-If I get a tablet, I’ll probably get a samsung or some other economical type. I’m just wired that way. There are a few things I splurge on, but technology isn’t in the list.
    @Andi, I love working on creative, hands on projects. There is nothing like it!
    @Krantcents-It’s so important to determine one’s own personal needs.


    March 18, 2012

  11. I have no desire to get an ipad at all. I’m a computer programmer, and LOVE electronic gadgets, but they just aren’t attractive to me at all. Apple and their advertising can tell me I need one all they want, but I’ll keep my laptop with a real keyboard that I don’t have to hunt and peck when I want to type something. 🙂

    Travis @DebtChronicles

    March 18, 2012

  12. The iPad is a TOY. Anything that can’t help you make money is a toy and is not necessary. I agree with you, if you have extra money that can’t be put to good use somewhere else, then the new iPad can be added to your toy collection. For those that want to get on The Short Road To Retirement, and retire earlier, invest that money.


    March 18, 2012

  13. I’ll be the dissenting voice here. I just picked up a new iPad yesterday. And, on top of that, I put it on my Best Buy charge card and got 18 months of interest free payments.

    I haven’t had a laptop in 2 years since the screen blew and the repair quotes were half the cost of a new one. I also don’t have a television in my office, so I couldn’t work while watching my beloved sporting events (I’d have to stop and run out every time it sounded like something was happening, then I would miss it). Now, I can do both simultaneously. I can lay in bed and get some small tasks done if I’m feeling lazy enough. Plus, since I have already started making the switch to cloud computing and a paperless office, I don’t have as much use for the onboard expansion of a laptop. In fact, without all of those extras, the iPad stays much cooler without having to go out and spend money on a lap desk.

    The iPad was my first of any kind, and I must say that for my specific purposes, it is EXACTLY what I needed: a lightweight product with a long battery life, big enough to see without straining my eyes which enables me to manage my social media efforts, comment on blog, respond to my own comments, trow together outlines for posts, video conference with friends in other parts of the country and actually get to see their kids, and any other web-based tasks I can think of.

    Oh, and why Apple over an Android (since you mentioned the Samsung or other economical choice)? Because it is more stable, and you don’t have to worry about updates being sent only to a few select manufacturers’ products, or only the newest products.

    Everyone is entitled to their own opinions, this is just mine.

  14. Hi Eric, I really really appreciate the time you put in to laying out your opinion!! The more viewpoints the more interesting a conversation. Sounds like you got just what you need and want!!! And you have a financial option within your budget. Who am I to disagree with that?
    BTW, how is the typing on the ipad? Are you getting an external keyboard?


    March 19, 2012

  15. What a great ideas, actually I am totally agree with your practical ideas… Thanks for sharing what you have got..


    March 19, 2012

  16. No, thank you Barb. Not many people are accepting of an argument that counters their own statements without getting defensive! You have no idea how much research I did before making the decision to buy. I’d been going back and forth between iPad or Android, then Samsung, Asus, or Acer. Finally I figured with all of the overtime I’ve been working, I should do something with the extra money to make my life a little easier, plus I can’t even remember the last time I made a purchase this large.

    I don’t have any problems typing so far. I’m not sure about getting a keyboard, but I did install Dragon Dictation which could possibly make the typing issue a moot point. I used the Dragon programs when they first came out in the late 90’s and even then they were pretty good so I figure this shouldn’t be so bad!

    • Eric, Your discussion is the absolute reason why one works above and beyond. If you never treat yourself to something you want and can make use of, what is the point? Sounds like it was a great decision and you are happy with it. Enjoy!


      March 20, 2012

  17. People, the new iPad suffers from overheating problems. So I would wait before going with the latest and greatest.

    Personally, I’d rather buy an android tablet 🙂


    March 21, 2012

    • @Beating, Wow, there’s always something, isn’t there.


      March 21, 2012

  18. There’s a lot of innovation comes at a time, and I don’t know which of this is the best among all… iPad provided huge things in such attachment…


    March 22, 2012

  19. I agree with you completely. I still don’t have a smart phone for just this reason, but I sure want one! 🙂


    March 24, 2012

  20. I’m a little late to the discussion! I do use an iPad (1st gen) in lieu of a laptop. I have an external keyboard for things like typing blog posts, but I can actually touch type on the onscreen keyboard as well.

    For me, the decision boiled down to a few things: battery life (10 hours vs. maybe 4 on my old laptop), accessibility (3G capability if there is no wifi), ease of carrying in my purse instead of a separate bag, and ability to read ebooks. I have a desktop that I use primarily, but the iPad has been a wonderful tool for me.

    I’m always puzzled when people call tablets “toys” because I use the iPad to do work all the time. Sure, I can play games and such, but I could do that on a laptop as well. It just depends on how it’s used.

    Curiosity Killed the Blog

    March 31, 2012

  21. If you want a product from apple(whatever it is) then it’s ok but if you want something which can full fill your requirements then you need some thinking I think. Informative post. Thanks Barb

    Emily Woodhouse

    April 6, 2012

  22. @Melissa- I don’t have one either, I’m trying my best (with only moderate success) of maintaining some degree of simplicity in my life.
    @Curiosity-I sounds like you are really making awesome use of the product! The external keyboard I think is a must have! But, don’t you have to pay a monthly fee for the 3G? That’s a turn off for me.


    April 9, 2012


  1. IS THE IPHONE 5 WORTH IT? PERSONAL FINANCE CHOICE & Links | Barbara Friedberg Personal Finance - […] You can’t afford the new IPhone. […]

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