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Buying new consumer electronics or durable goods is mostly for the birds, e.g., people who have their money separated from them most easily. I have an iPhone 6S and will consider a used iPhone SE 2020 at some point when I drive this one into the ground.

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Or, you know, people who like their tech. I mean, I know I could use an iphone 6s or whatever other phone until it dies. But for a piece of tech I use more than any other, I'll spend the extra dough. Part hobby, part utility. Note also the extra dough here is pretty small compared to say a car hobbyist.

In many other ways I'm fairly frugal. I very rarely buy new clothes for instance, and for non-tech things am pretty minimalistic.

It's all about what you value.

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