ooh... btw is it more worthwhile to wait for mi4, or should i just get a redmi note?
mi4 vs redmi note might not be a good comparison since the price point is quite different. Redmi note is a big screen phone for lower end users while mi4 is a flagship phone. You can probably buy 2 notes for the price of one mi4.
mi4 is definitely the better phone in terms of specs and design. If you're looking for a phone for daily usage, do compare it versus the flagships of the other brands and it should give you the best bang for your buck.
However, if you're just buying a spare phone... you might not need the best specs. redmi note would be a great consideration... In fact, do compare it against the other budget phones of its class...

