300 dollars breaks the bank? Holy CATS you're walking on financial thin ice sir.
Better not get into any problems in life - hell - I can't think of one life-emergency that is 300.00. You usually need 1 or 2 more zeros.
Thats 300.00 for a luxury item. Some people have plenty of money saved up for emergencies but don't want to dip into it for a luxury item like an iphone. It doesn't mean they are broke, it just means they have their priorities together
Then there are those who really are broke and come up short on paying this month's rent just to buy the newest iphone lol