So you’re stuck on deciding between switching to prepaid or signing a new 2 year contract. Don’t be worried, many people are thinking about making the switch every single day. You’re probably so overloaded with information that you don’t know what to do with it. Well, there’s absolutely nothing wrong with that. Today, I want to help you with your decision and show you the good, the bad, and the ugly about what you’re getting into.
The Good:
When you are browsing in retail stores, many two-year plans will offer you a highly discounted, or even a free phone. That’s great! A lot of phones these days can get to be over $400! So, why not? You’d be saving a couple bucks for something you’re going to use anyways! That’s awesome! Also, when you sign up, you can get qualified for extra savings on accessories and all that good stuff. I can see that Bluetooth in your ear now!!! How about that car charger so you can charge your phone on the go!! YYEEESSS!!!!!!! Excellent Perks…
The Bad:
Now that your have your free phone and all your accessories for it…uh oh…You lost your job and now you can’t afford to pay your bill. Now what do you do? You’re locked into a 2-year contract agreement with a company that has no sympathy for you…But wait! They’ll offer you a way out of the contract!! All you have to do is pay an obscene amount of money and the contract will be over! That’s terrible…
The Ugly:
Think about this. You’re paying around $150/month for your unlimited service- talk, text, and web. Now add it up, you’re spending about $3600 over the next two years. What would you be able to do with all that money? And why is it costing you so much?
The Truth:
Now let’s talk the truth. Prepaid phones are no contract, so you never have to worry about being stuck in a contract with a greedy company. Some companies can also offer you unlimited talk, text, and web; just like your 2-year contract companies. Uh oh, bad news…you don’t get a discount on your phone. So? Instead of getting a free phone, and paying $150/month…You pay anywhere from $100-$400 initial cost on a phone, but only pay $60/month… Hmmmmmm. Brain teaser? Which one sounds better to you? The answer is simple, prepaid will help you financially in the long run to save money that you can use down the road for more important things.
A Secret Tip Just For You:
Some prepaid companies out there will offer to pay your monthly bill for you. YES! PAY IT FOR YOU, EVERY MONTH! It’s simple, and requires little to no effort on your part. But wait, what if you’re with that company and they’re already paying your bill, but you go over and beyond what you needed to do. They will pay you COLD. HARD. CASH. Interesting…
Hope this article helps you to be more educated about decisions many of us are faced with.
