an iPhone is $2,206.92 over 2 years. Check out this post on the Mint blog. Mint is still in beta, but I think it is a new website for managing your money. They have some really interesting articles on the Mint blog. I have always had a fascination with smart money management and I was reminded at lunch today that I frequently use the term penny wise and pound foolish.
I find this number for the true cost of and iPhone to be interesting. I actually thought it would be higher. I think it is not crazy to spend $1000/year on a cell phone. While at first $1000/year on a cell phone seems crazy, that little cell phone, at a cost of about $100/month lets me do lots of things. I can jump on a conference call from anywhere. I can quickly check an email. So for me, I think it is an expense that is worth the investment.
the folks at Mint also list out the true costs of having a dog, owning a house, driving a car and raising a kid. The true cost of dog ownership is - around $12,000 - I was surprised by that one. What do you think - is your dog worth $12,000? I wonder how much a cat costs? Don’t forget to factor in cat licensing.

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