I wouldn’t pay more than $500 for a phone – that’s what I’m getting

I don’t need to tell you that your money isn’t going to go as far as it used to. The indicators that economists use to measure inflation are rising, and this translates into higher prices — for gas, food — and, in some cases, technology.

Even if smartphone prices stay flat, the prospect of spending $799 or more on a flagship device may not be as attractive as it was just a few months ago. (Look at this part about food and gas taking up a larger portion of your budget.) This is a challenge if you need to get a phone in the near future, if your current device is showing its age.

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