I cringe whenever I hear of anyone paying high prices for their cell phone. It’s not uncommon for an individual plan to edge up close to the $100 mark and I’ve heard of families with multiple teens paying more than $400 monthly for a family plan. In fact, recent research shows that the average phone bill across all plans comes in at a hefty $148 per month! There are ways to save money on mobile plans and use that money for other expenses!
There are options other than the standard plans offered by the large carriers who do all the advertising (we’re looking at you Sprint, Verizon, AT&T and T-mobile!). Read on to learn about how you can save money on mobile plans painlessly.
These days, there are far more options for low-cost, pre-paid or no-contract plans than ever before. The concept is simple: you purchase a phone that is compatible with the service and then choose either a monthly plan or a pre-paid plan from a provider.
With pre-paid plans, you pay a certain amount of money and you get some combination of talk minutes, text messaging, and data for that amount. You pay up front (hence the “prepaid” term) but that doesn’t really feel any different than paying at the end of the billing period. You can also find “pay as you go” plans that function exactly like a pre-paid plan, but instead of paying each month, you purchase a pool of minutes or data only as you need them.
Here are a few details to be aware of with these budget-friendly options:
For those of you who feel like you’re spending way too much on your phone bill – jump on the no-contract phone service bandwagon! It’s so easy to cut your cell phone bill with no-contract phone service, and you’ll be shocked with how much you can save each month. You may not get all the same bells and whistles as you will get with a large phone carrier under a contract plan, but you will get the peace of mind of knowing that your mobile phone isn’t going to dictate your budget.
Consumer Education Services, Inc. (CESI) is a non-profit service provider of comprehensive personal financial education and solutions for all life stages and for all of life’s milestones. Our goal is enhanced economic security for everyone we serve.
CESI is NOT A LOAN COMPANY