Do the math on the difference between those expensive contracts companies like AT&T offer and the no contract, prepaid mobile services. Let’s say for purposes of research, you grab a popular iPhone and lock in a two year contract. Initial start up for your headset, around $200; then of course there is the fee every month for paying off the phone; which by the time you have paid for the phone (forget new upgrades have been introduced by this time taunting you), you will have ended up spending over $2000 for all your services after that two year contract ends. Flip this to a prepaid phone plan, where full price on the phone is paid up front; yet those lower monthly rates are so incredibly budget friendly. So what’s up mobile users?
Did you know contract free phone plans account for around 23 percent of wireless customers? This means everyone else is losing money locked into silly contracts and being led to waste their money needlessly. Prepaid phone plans are a better deal, saving hundreds of dollars for users. It would be advisable to accept a prepaid plan from Virgin Mobile, pay the cost of phone in beginning, and then get unlimited data for $30 month, saving over $1200 in a two year period.
Time for consumers to wake up and understand contract companies are trying to bait you with the subsidized price of the phone. This is the normal mindset for these companies; it is a psychology which continues to work on unknowing consumers. Another reason consumers are not flocking towards the prepaid services…yet, is there is limited marketing on prepaid carriers Some of the larger carriers will deliberately not market those plans; after all, postpaid plans make more money on those contracts you are locked in.
Here is some solid budget and phone advice: Seek out the smaller carriers, like Selectel or Page Plus Cellular…actually, if you really do your homework, you will be amazed to discover just how many prepaid service providers there truly are.
And here is the bonus, now many of them let you use that great phone you so gallantly purchased from AT&T for an outrageous price on their plans. If you don’t have an iPhone or an Android, many of these great services have a special phone for you too.
In a sluggish economy, it is expected people will eventually catch on to this preferred type of business in the cell phone industry. Next time you are tempted to upgrade your phone and sign a new lifetime contract to pay it off…stop. Shop the smaller companies; take your buying power back. Take back control of your data plans and phone services. It is time.