The Nexus of wants and needs is paying your credit card off each month.

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What phone do you have

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I mean, there’s a difference between slow and unusable. Think of it this way. Say you get a new phone every 5 years or every 6 years. Assuming your phone is like $1200 adding an extra 6th year, means you spend 20% less on your average phone expenses.

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This is a philosophical question not a financial one. Money and finance deal with the words "balance" and "value" in a very different sense than what you are asking. I recommend taking a moment to write down your values, your goals (Use the SMART goals framework), then think about where money fits in

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