Cost: $200/month
No budding socialite is complete without a top of the line smartphone. How else will he be able to tell all the other elementary-schoolers where all the cool parties are? The iPhone is the mobile phone to have in order to show off your super-status. Evangelista’s kindergarten-age child will, without a doubt, make incessant use of the phone by texting his doting mom all day, calling friends to organize playdates at his lavish “playdates-only” apartment, and snapping glamor shots as he practices his modeling poses.