With smartphones now an integral part of our lives, it’s no wonder the major networks and manufacturers are finding ways to hit us with ever-increasing bills. Cutting phones from our lives altogether may not be realistic, but there are lots of ways to reduce the cost that comes with them. Here are a few steps to get you started:
Resist the latest model
For most of us, the urge to rush out and get hold of the latest all-singing, all-dancing phone is fuelled by habit and social pressure alone, rather than an actual need. Considering how often a new model is released, how little they offer in the way of new features, and how pricey they are, it’s a habit worth breaking.
If your current device is still in perfect working order, hold off. Even a few months can see a significant fall in prices. Better yet, opt for a recently ‘outdated’ model. They look and perform almost identically to the newest handsets, but will be considerably cheaper.
Take out a SIM only deal If you’re happy to hold onto your current phone, SIM only deals are perfect. With a regular deal, you pay for your services (minutes, texts, data, etc.) as well as the hire purchase of a new device. With a SIM only deal, you can use the card in your existing phone, eliminating the extra cost. With the option to compare deals easily online, there is ample opportunity to make some big monthly savings.
Get to know your contract
It’s important to choose a contract that suits your needs, lifestyle and budget. If you want consistency, a fixed two-year contract could be ideal, for example. If, however, you have a fluctuating income and can’t guarantee your future financial situation, a rolling monthly deal with no long-term commitment could be better. On the other hand, those who keep their phone use to a minimum and have a tighter budget to work with should explore the perks of a pay-as-you-go deal.
Also keep in mind that advertised prices are rarely the best available. Never be afraid to compare, switch and haggle to ensure you’re getting the best value for money.
Sell old devices
When the time does come to get a new handset, you can sell your old one privately, or look into one of the many companies that buy phones so they can recycle or refurbish them. Why clog up a drawer somewhere, or have it end up in landfill, when it could make you some cash? Recent models that have been well looked after can fetch hundreds of pounds.
It’s been said before, but being frugal isn’t about not spending money, it’s about spending money wisely. We all know someone who is forever leaving their phone on the bus, dropping it down the toilet, or smashing its screen. If you are that person, getting covered is an investment that could save you a lot in the long-run.