With the iPhone 5 on its way into stores next month, many current iPhone owners are wondering what to do with their iPhone 4S, 4, or lesser models. While Apple is buying back iPhone 4S's for $345 on their website, that isn't enough to buy an iPhone 5 if you're stuck without an upgrade. As for older models, you would be lucky to get even $300 for an older iPhone, especially when the new iPhone 5 comes out. What should you do? In my opinion, you should jailbreak your phone.

Jailbreaking your phone sounds immensely difficult and dangerous, but it really isn't. By jailbreaking your iPhone, you can add features that you couldn't have even dreamt were possible. With a jailbroken iPhone, you can almost customize anything on your iPhone, from adding rows on your home screen to changing the icon assigned to your apps. If you're happy with Apple's UI for the iPhone and want to change around the software, with a jailbroken iPhone you can install third-party apps, delete pre-loaded apps like YouTube, and even use FaceTime over 3g, which un-jailbroken iOS devices won't be able to do until iOS 6 is released (and even then, they might have to pay for it if they use AT&T). Jailbreaking your iPhone is especially useful if you have an older iPhone model, but don't have the cash or upgrade available to move up to a new model. With a jailbroken iPhone, you can use hacks, tricks, and apps to make your iPhone look, acts, and feel like a more recent version of the iPhone. There was even a hack that let iPhone 4 users use a Siri-like app, called Sara, that tapped into Apple's servers and gave the same responses Siri did. While there are dozens of tricks you can use on a jailbroken iPhone so that you can customize the phone to your will, there are some downfalls to jailbreaking your iOS device.

The biggest repercussion of jailbreaking your iPhone is voiding the warranty. This means that now that you've stepped out of Apple's castle, your device is no longer eligible to be fixed by the geniuses at the Apple Store. However, there is an easy fix to this, as long as your iPhone has a little bit of life left; just reset the phone to factor settings, and Apple Store employees won't be able to tell the difference. This fix is most useful for people who break their screen or have a hardware issue; if your jailbroken phone gets a virus, the Apple Store won't help you. Besides voiding the warranty, jailbreaking your phone causes other problems for your phone. As opposed to the stable Apple operating system, jailbroken iOS devices have a propensity to crash and reset your iPhone, restarting your phone and forcing you to lose anything you were doing or working on before. For people who do a lot of work on their phones, these frequent crashes could be detrimental to your productivity. Not only that, but jailbroken apps aren't as cheap as the ones available in the Apple App Store. As opposed to the $0.99 to $2.99 apps you find in the App Store, the best jailbroken apps can cost up to $10.00 or more. Lastly, with a jailbroken iOS device, your phones security becomes a big concern. According to Business Insider, "If you're installing jailbreak apps from all corners of the universe, you're at the risk of exposing yourself to malware. This isn't the case if you only deal with the iTunes App Store." With these risks, you need to make sure you're 100 percent sure that you want to jailbreak your phone before you actually go through with it.

Do you think a jailbroken iPhone is better? Let us know in the comments section.