If my budget is 35k at most, should I go for an iPhone SE, or spend some more for an iPhone 6S on EMI?
A budget refers to an estimation of income and expenditure for a specific period of time.. A Budget is generally set with an intention to incur future expenses within a specified limit.
Answer and Explanation:
With a budget of 30k, you can even afford to buy an iPhone 8 right now as, Apple launched new models in September 2019 due to which the prices of the previously launched models fell down. Hence, now you do not need to wait for an iPhone 6 or SE as you can upgrade by buying an iPhone 8 within your budget.
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Learn more about this topic:
from Corporate Finance: Help & ReviewChapter 8 / Lesson 7