Why buying smartphone on EMIs is not a wise idea

For a country like India where average salaries are low compared to other developed/developing economies, we tend to spend too much on buying the latest electronic gadgets. This trend of splurging on electronic gadgets is observed more in the new generation because of lifestyle reasons.

Considering that the average life of a smartphone is about one year, we have to ask the question whether buying a smart phone on EMI is really a wise decision. As it is we as a society are very profligate with our money and now the mobile phone companies want us to spend more on buying their expensive and much-hyped devices. Should we take the bait and buy these devices on EMIs? The prudent answer is a vehement “no”!
Though it is a lifestyle choice and up to individuals to choose the type of phone they want to use, this decision has a significant impact on the personal finance of an individual. Every personal financial decision, no matter how big or small, has an impact on the overall finances of the individual. With the current trend of zero per cent interest rate on EMIs (with hidden processing fee) and no down payment, the smartphone business is booming for mobile phone manufacturers, banks and telecom operators (higher ARPU). On the face of it, the EMI option appears attractive to individuals who cannot afford a high-end phone but would like to own one. At a deeper level, individuals usually fall for such offers because they are looking for instant gratification. This nature of ours makes us susceptible to such offers over the savings route.
Opportunity cost
Let us consider an example where an individual who can afford to buy a smartphone worth Rs. 12,000 gets lured by the zero per cent interest, zero down payment bait of buying a smartphone of Rs. 36,000 on EMIs. This individual ends up paying an excess of Rs. 24,000 beyond his means. However, a prudent individual would choose to buy the smart phone that costs Rs. 12,000 and invest the excess amount of Rs. 24,000 in a systematic plan. Considering that he invests Rs. 2,000 per month for a period of 12 months at a 10 per cent annual rate of return, he would accumulate Rs. 25,281 at the end of the year. The same amount would be worth around Rs. 62,093.37 in 10 years. Not to mention that the same individual over the period of 10 years would change at least five smart phones, getting lured into more expensive upgrades every year.
Conclusion
In the era where marketing mavens drive social frenzy around the mobile phones, it is necessary that we do not succumb to the temptation of spending more than what we can afford. The money thus saved should be prudently invested to achieve more important and essential goals.

Source : http://www.desidime.com/forums/dost-and-dimes/topics/why-buying-smartphone-on-emis-is-not-a-wise-idea

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HTC One unboxing India

This is the unboxing of the phone HTC One V phone. This phone was ordered online via tradus.in and to be honest, i received the phone after 3 days of payment which is fast IMO. HTC One V is one the budget android phones, if you are looking for both normal use and multitask. I got a chance to unbox this phone, thanks to my friend Brijin.

The pictures below shows the unboxing and the contents inside the box.

The important thing to note is that there was no SD card inside the box which suggests HTC is not providing SD card along with this product.

HTC One V operating system Ice Cream Sandwich, although you will also get an update to Jelly Bean very soon.

 

HTC One V uses a Qualcomm MSM8255 Snapdragon 1 GHz, this makes the process of working the phone is quite fast. In addition, One V is also equipped with Adreno 205 GPU mixed with Sense technology makes 4 and graphic ICS Android runs quite smoothly.

What we have inside the box is a traditional combo; earbuds, USB cable, a small novella worth of documentation, an A/C adaptor and a CD. The point to note here is that the head phones which we get with the box is the normal HTC headphones and not beats edition.

The phone has a distinct chin under the display which is not liked by everyone, it undeniably makes the phone stand out. The device is your typical unibody that feels extra strong with that rough metal texture.

The One V is built on the solid foundations of the Desire, and its DNA can be traced all the way back to the Legend and the Hero.
The complete specs can be found here.
The complete review can be found here.

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configure the iPhone for your e-mail accounts

Source

To configure your iPhone (software version 1.x) for email, follow these steps:

1. From the Dashboard, click Settings.
   
2. Under Settings, select Mail.
   
3. Select Add Account...
4. Select Other as the type of account.
   
5. Select POP.
   
6. Enter the requested information:
   • Name: the name of the mail user
   • Address: the email address of the mail user
   • Description: a description of the mail user
   • Host Name: enter the mail server mail.yourdomain.com (incoming mail server and external mail server)
   • User Name: enter the full email address (incoming mail server and external mail server)
   • Password: enter the users password (incoming mail server and external mail server)
7. Click Save.
8. If you see a message that says "Cannot Connect Using SSL", click Yes when asked to setup the account without SSL.
9. Click Save.
10. Click Settings for the account you just created.
11. Click Advanced.
12. Set Incoming Uses SSL and Outgoing Use SSL to OFF.
13. Under Incoming settings, click Authentication and select Password.
14. Under Outgoing settings, click Authentication and select Password.

To configure your iPhone (software version 2.x) for email, please follow these steps:

1. From the Dashboard, click Settings.
   
   
2. Under Settings, select Mail, Contacts, Calendars.
   
   
3. Select Add Account...
4. Select Other as the type of account.
   
   
5. Enter the requested information:
   • Name: the name of the mail user
   • Address: the email address of the mail user
   • Password: enter the users password (incoming mail server and external mail server)
   • Description: a description of the mail user
   
6. Click Next.
7. Click POP and enter the Incoming Mail Server information:
   • Host Name: enter the mail server address
   • User Name: enter the full email address
   • Password: enter the users password
   
8. Scroll down and enter the Outgoing Mail Server information:
   • Host Name: enter the mail server address
   • User Name: enter the full email address
   • Password: enter the users password
   
9. Click Save.
10. If you see a message that says "Cannot Connect Using SSL", click Yes when asked to setup the account without SSL.
    
11. The Advanced settings for the account will be displayed and do not need to be changed.

Source

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