One for me, one for DW, and one for DD1 to share with DD2. We'll see how the "sharing" goes.

DW and I each bought an iPhone 5S for $149 each, and DD1(2)got an iPhone 4, free with the two year contract.

DD1(2) have had a flip phone for a year or so, mainly so we can keep in touch. It cost $10 per month to put her on the plan. We weren't sure we wanted her (them) to have an iPhone, but we decided that in this day and age, being tech savvy is part of her (their) learning. So, we'll monitor the use.

DW and I had previously had Android phones. The one I got two years ago was free with my contract. It was was getting to the point that if I wanted to download an app, I had to choose one to delete. Not enough storage space. The phone part of DW's Droid was becoming unreliable.

So, we bit the bullet, and switched to Apple.

Our 5yo has a tendency to throw electronic gadgets in pools, toilets, and bath tubs. So, we bought the insurance for each of the phones ($99 ea.), and we'll order the water-resistant covers for each (about $60).

I fully realize that these were luxury purchases, and not necessarily a great financial move. But, I was tired of limping along with an outdated phone, and I wanted to purchase something that will last well beyond the two-year contract.

So far I love it. We received an iPad as a Christmas gift last year, so I'm already familiar with the platform.

Watch, Apple will announce the iPhone 6 in three weeks.