In our quest to save for our down payment, we’ve been eliminating excess spending, and hunkering down on our budget.
We’ve brought down our cable bill, internet bill, put ourselves on an allowance, and have really been sticking to our budget–finally.
But the one bill that I’ve been avoiding is our cell phone bill.
We currently have Verizon Wireless– we both have the iPhone 5.
Our current plan is 700 Shared Minutes, Unlimited Text, and 2GB of data for me, and Unlimited Data for Eric (it was some weird loophole, which allowed him to keep unlimited data).
We pay $146.93 a month, which includes a 15% discount I get through work.
That’s $1763 a year we’re spending to be connected to Facebook 24/7. Granted, I do need internet for work, but I still think that’s a really high price to be paying.
Our contracts expire September 18 (me) and October 31 (Eric).
We’ve never had an issue with Verizon, which is why we’ve stuck with them…but my current issue is it’s just so damn expensive.
I’ve been hearing a lot about a cheaper cell phone plan through different carriers–however, trying to make sense of it all, has been a big headache.
There are no-contract cell phone plans like Republic Wireless, but you have to buy a phone through them?
Same with Virgin Mobile — they offer this comparison of Virgin vs Verizon:
But, they’re not exactly comparing apples to apples. My current Verizon plan does not cost $100 a month for just me. In fact, for a year with Verizon costs us $1763–Virgin Mobile is saying for just me, it will be $1364–that doesn’t make sense or provide any savings. Perhaps because you have to factor in the $400 cost of the phone upfront?
I also wouldn’t want my service to suffer. And I don’t know how Virgin Mobile stacks up.
T-mobile also has cheaper plans, but when you factor in the full price cost of the phone, it adds $27 a month to your bill, for each phone. Bringing my total to the same amount I pay with Verizon.
SO–who has a cheaper cell phone plan that they’re happy with?
I am willing to explore all options.
Update Dec 2016: the price of the iPhone 5 is now under $250.