Budgeting

Am I Paying Too Much for my Phone?

It can be a good idea to always question yourself about whether you are paying too much for your phone. This is because phone companies will charge a lot of money for phones and it is possible that you are paying more than necessary. You may also find that you have been met by very good salespeople in the mobile phone shop and been sold something which is more expensive than you need. Lastly, you might want to get things because your friends and family have them even if they are not quite right for you. It can therefore be a really good idea to make sure you are not paying too much by going through this process:

What features do I Need?

IT is important to start by thinking about what features you need for your phone. This is not what you would like but just what you need. Think about what you use a lot – things that you can only do on your phone. For example, think about whether you have a PC or laptop and can use that instead for certain things. Consider whether the things that you use it for are really necessary or whether you can go without them. Come up with a list of things you need. Think about things you need with regards to what you are paying monthly – i.e. calls, texts and data but also think about your actual phone. You may not be thinking of changing your phone right now, but it can be useful to also think about what you need from a phone. This is because new phones can be really expensive and they will often have many more features than you will actually need. It can be tempting to get all these amazing things and then we end up hardly using them and just reverting back to using the things that we used on our old phone. Therefore, it can be a good idea to make two lists. One list should say what it is that you need in your contract and one that is what you need on your phone. Then you are in a position to start looking for the right things to suit you.

How do Providers Compare?

It can be a good idea to compare the different providers so that you can find one that will give you everything that you need at the best price. It is a good idea to do this research yourself rather than rely on a shop to help you. Often the salesmen will be very good and are likely to try to push you into buying something that you do not need. So, go to various providers websites and compare their prices to see which will be the cheapest for you. Then you should look at the different phones and compare them, but more importantly, think about whether you really need a new phone or whether you can manage with the one that you have already.

It might seem like a lot of work, but it is worth it. You will find that you could potentially save a significant amount of money each month if you switch to a provider that has just what you need rather than giving you more than you need. Those savings could really add up over the years and so it is well worth having a look and seeing how much you can save each month and then adding that up to see how much you can save in a year. It could certainly make you realise that your calculations and research were well worth it.