I lost my iPhone on the last day of school:/ should I get a new one?

I lost my phone on the last day of school:/ I can't find it and I had turned off find my iPhone app thingy. I don't know if it will take ages and cost money to get a remodel or should I just get a new iPhone and stop the contract or is there a way of getting my iPhone back for free?

What generation of iPhone was it? I would wait till school starts to see if its still at school. Unless you know someone took it. If you can't find it once school starts, I would buy a new one. If you can't afford it, wait till your birthday or when you get money for a special occasion.