File photo of Apple's iPhone 5S being displayed at an Apple shop in Tokyo's Ginza shopping district
Apple's new iPhone 5S is displayed at an Apple shop in Tokyo's Ginza shopping district in this September 20, 2013 file photo. REUTERS/Yuya Shino/Files

The much talked about iPhone 6 is set to launch and be released this September 9. Apple fanatics believe that the iPhone 6 will come with a longer battery life and it will be available in 2 screen sizes. For those who want to upgrade to an iPhone 6,but still have their iPhone 5's on hand, this becomes a dilemma. But it is a dilemma with good solutions.

Here are just a few ways of using your iPhone 5/5s to get that extra money to purchase the coveted iPhone 6.

1. Trade in your iPhone 5 - Truth be told, there are a lot of companies who are willing to purchase your old iPhones. Gazelle, an iPhone purchasing site, can give you as much as $350 for trading in your old iPhone 5, with its price lock promotion according to AppleInsider. Users just need to agree on the price lock today. Nexworth and Glide can also do trade-ins with you.

2. Trade in your iPhone 5 to big shops - If you want a better price range compared to Gazelle, etc, you can go to bigger stores like Best Buy, Apple or even Radio Shack according to Business Insider. With Best Buy, you'll get a better value for your device but instead of getting actual cash, Best Buy will just give your store credits. If you are a frequent Best Buy shopper, that's not a very bad deal.

3. Sell your iPhone to other people- Not all people have the same mentality, not all people need to have the latest in technology. These are the kinds of people who will happily purchase your iPhone 5. Since the deal is person to person, you can get a good price if your phone is in prime condition. Maybe you can even get a better price if your phone still comes with the original box, etc.

4. eBay and Craigslist are other options. But the price range can vary from $150 - $500 based on the phones condition.