Now that Apple is accepting orders for the iPad mini, here are a few things to consider to manage your budget while getting a device that meets your needs.
WiFi or WiFi + Cellular
The WiFi models will be available first, ready for pick up or delivered on Nov. 2. As I said in this week's podcast, WiFi-only can limit your connectivity. Public WiFi is often less than robust, and there are times you're not near an access point at all - frustrating for such a mobile device as the iPad mini.
But the price consideration for built-in cellular is substantial. The cheapest WiFi + Cellular model (16 GB) is $459 compared to $329 for WiFi only. A workaround is to activate a tethering data plan for your iPhone. AT&T for example, has a pro plan that provides 5 GBs of data monthly, and allows tethering via cable, WiFi, or Bluetooth. Your iPhone becomes a mobile Internet access point for the iPad mini and basically any other device you have with you.
I tested the tethering option with my iPhone 4S and a variety of devices, and it was remarkably robust. This data option costs $50 a month (compared to $25 a month for 2 GBs of data without tethering.) You're going to spend $30 a month for a decent data plan just for the iPad mini if you go the WiFi + Cellular route. So considering the initial investment for WiFi + Cellular and the additional monthly fees, tethering is more affordable.
Keep in mind that using an iPhone as an access point is not as convenient as having cellular built-in to the iPad itself. And you're tapping battery power in two devices instead of just one. It's not my first choice. But when you look at the economics of trying to squeeze an iPad mini into your budget, it could make the difference between getting the mini now, or having to wait.
Apple is offering free engraving on iPad minis that you order online. This is a cool option, but think it through. If you plan on reselling your device once the 2nd generation is available, then don't get engraving. Buyers won't appreciate having "Joe Smith" emblazed on the back of their mini.
Lightning to SD Card Camera Reader
This $29 accessory is a must for nimble photographers. It allows you to copy images directly from the memory card to the iPad mini. If you shoot with a non-SD card camera, get the USB adapter instead, then use your camera's cable to transfer pictures.
It's wonderful, but it's also $40 - a tough call.
The most affordable iPad mini (WiFi only with 16 GBs) plus the Lightning to SD Card Camera Reader, recycling fee and tax; and your grand total will be $394. The 32 GB WiFi only will run you about $500. The 64 GB model, WiFi only, over $600 (both with SD Card Reader option). In other words, this suddenly becomes a serious investment.
And finally, if you decide to take the leap, I would do so sooner than later. Once Apple runs through its stockpile on iPad minis, the wait time will probably stretch out to a couple weeks.