Apple's Trade In program lets you get credit toward new devices or a gift card

If you think of your iPhone, iPad, Apple Watch, or MacBook as sunk money that can't be recovered, then you're thinking about it all wrong. Not only are your Apple devices useful and enjoyable parts of your everyday life, but they are often viable financial assets, too.

With Apple's trade-in program, you can swap an older device to cover part of the cost of a new product or you can even turn your old iPhone, iPad, or other piece of hardware into an Apple gift card.

You can do an Apple trade-in online or in person at an Apple store.