The other day, while I was having dinner with a friend, I noticed he had a new piece of bling on his wrist. It was the coveted Apple Watch and my eyes bulged like a Bugs Bunny cartoon as soon as I saw it in the flesh. It was so new, so shiny, so futuristic looking! 

It wasn’t a big surprise that he bought it since for as long as I’ve known him he’s always been an early adopter. When the first iPhones were released in 2007 during our university days, you bet he got one. In 2010, when the first iPads hit shelves, he was one of the first people to get one too.

He was even the first person I knew to get retina display for his MacBook Pro. I’ve always been in awe of how he is able to save up enough money to buy all of this cool technology. And save he does. He’s probably one of the most financially savvy people I know outside of the personal finance blogosphere.

Since I am more of a late adopter (I still had a flip phone less than 4 years ago and did not have the excuse of being a drug dealer), I’ve always wondered how much it actually cost to be an early adopter. I know I’m just too cheap to ever join the ranks of those true technophiles, but I am pretty proud to say I now own a phone that isn’t several generations old.

But say I was an early adopter from the beginning. Would that have thrown a real wrench in my financial plans? Would it really have cost me that much?

For this little experiment, I’m just going to focus on Apple products since I’m an Apple lover myself. That one year I had a Blackberry was just a big mistake, and I have no idea why lollipops are involved with Samsung phones nor do I want to know.

iPod 5GB (2001)

I remember the launch of the iPod like it was yesterday. At first I thought it was ridiculous. Why would I trade in my perfectly fine no-skip CD Discman for this weird white piece of I don’t know what it is? But then a friend of mine got one and sure enough a few weeks later everyone in my high school either had one or wanted one.

Since back when I was a teenager I never talked about finances with anyone, I had no idea what that first iPod cost my friend. Apparently is cost a whopping $399. I’m gonna guess her parents bought it for her or she babysat a boatload of kids.

Price tag = $399

MacBook Pro 15″ (2006)

I’m typing on a MacBook Pro 15″ right now! Not the original version from 2006, but still, it’s my baby. When I’m not near it, I feel like something’s missing in my life.

And that feeling of complete technological dependency sure comes at a price. For the first generation of MacBook Pros, it would set you back roughly $1,999.

Price tag = $1,999

iPhone 8GB (2007)

Besides my university friend, my husband Josh was also one of the first people to buy the iPhone 1. He actually was quite the early adopter himself, well, until he met me and I started blogging I guess. Anywho, the first iPhone was not cheap. For the 8GB phone, it would short you $599.

Price tag = $599

iPad 16GB 3G (2010)

When the iPad came out, I seriously thought the future was here. Didn’t they have those things on Star Trek? All I know is that babies can now use them better than most adults and that kind of scares the crap out of me. For the first iPad, it would have cost you $629.

Price tag = $629

I know there are a number of other Apple products, but let’s just focus on these main ones. These products pretty much changed the game when it came to personal computers, tablets, phones and music listening devices. So, what’s the final tally?

Apple Watch Sport (2015)

And how could I forget the latest Apple craze — the Apple Watch. To get the cheapest of these watches, the Apple Watch Sport, that retails for $449. Damn!

Price tag = $449

Total cost of being an Apple early adopter = $4,085

That’s a lot of meatballs! I want to refer to my post about all the things you could do instead of buying a Louis Vuitton bag, because I think I could do all of those things on that list 10 times over!

I think by looking at that number, I’m glad I’m not an early adopter. Then again, once Holodecks become a thing, I’m gonna be all up in that.

Download my budget spreadsheet

Budget-spreadsheet-optin

The first step in getting your finances right is starting a budget. I've been using mine for over 6 years, so why don't you give it a try!

Powered by ConvertKit

Keep on Reading...