I feel this is an awfully obtuse question to ask, but strangely, this problem is poorly documented.
I would like to upgrade PHP, but there are several problems:
I use this: https://github.com/Homebrew/homebrew-php
The command is:
$ xcode-select --install
$ brew tap homebrew/dupes
$ brew tap homebrew/versions
$ brew tap homebrew/homebrew-php
$ brew options php56
$ brew install php56
Then config in your .bash_profile or .bashrc
# Homebrew PHP CLI
export PATH="$(brew --prefix homebrew/php/php56)/bin:$PATH"