Virgin Mobile offers the No-Contract Apple iPhone 5c 16GB Smartphone in five colors for $359.99 with free shipping. That's tied with our mention from last week as the lowest total price we've ever seen. (It's also $189 under the best price we could find for a no-contract version with any carrier elsewhere.) It features an Apple A6 processor, 4" 1136x640 Retina display, 8-megapixel iSight camera, 1.2-megapixel FaceTime HD camera, 1080p video capture, 802.11n wireless, Bluetooth 4.0, dual microphones, and iOS 7.
Frugal isn't smart if you put off replacing these things. Waiting too long can cost money or even endanger your health.