I accidentally got in the pool with my iPhone 5. All help appreciated?

Is it better to just get a new iPhone preferably another 5 or 5s, or get the water damage repaired? Is one option cheaper or better than the other?

If you have insurance just get a new one and pay a couple bucks, if you can't do that buy a new one its not worth repairing. Go for an iPhone 5s

When you get your phone wet, don't turn it on, doing so will cause the circuit board to short out. Put the phone in a bag silica packages (the little bags that say do not eat in packaging) or rice if you do not have silica packets, if you shorted out your phone by turning it on, might as well just get a new phone as repairing it will cost more than buying a new one as all the electrical components will need to be replaced.