What would you do if you had 250 dollars and your cousin had 250 dollars and you both wanted a iPhone 5
I'd buy basketballs and basketball shoes, realizing I don't need an iPhone to waste my life on.
...i'd steal my cousins money, and get a laptop...
Save up and then buy something really nice.
I'd lower my expectations to fit my budget and get a regular, 'ol cell phone.
I'd buy something I could really afford.
Buy your family gifts for Christmas or donate!
You can get an iPhone 5 with a 2 year contract for $200 from AT&T or Verizon.
iPhone 5 is $130 at Walmart.