Until recently, prepaid mobile plans got you a basic feature phone with limited coverage options. But now there’s several options to get the newest Android or iPhone that’s contract-free, and on a reliable network. While the phone does cost more upfront, the savings over a two-year period are remarkable.
In the US, consumers seem to be attracted to getting shiny new devices on the cheap or even free. Even if it ends up costing a lot more over time. But that trend could be changing. T-mobile is championing the idea of prepaid mobile devices and service. In fact, a lot of prepaid services like T-mobile, Ting, and others allow you to bring your own device. There’s no outrageous early termination fees, and the monthly pricing is a lot more straight-forward too.
Check out our article on how much money you can save by switching to a prepaid plan. You might be surprised to learn you could end up saving from $600 per year for a individual plan, to upwards of $1,500 for a family.
What’s your take? Would you consider switching to a prepaid plan after your two-year contract is up?