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#147 | How to save on your cell phone bill

#147 | How to save on your cell phone bill

Fromfriends on FIRE


#147 | How to save on your cell phone bill

Fromfriends on FIRE

ratings:
Length:
35 minutes
Released:
May 2, 2022
Format:
Podcast episode

Description

The average person is paying $60-100 a month for a cell phone plan, but in reality, we think that’s way too much!  Most people can get solid and reliable coverage for $25-40 a month. This is our advice for what to consider as you research and explore new cell phone plan options.  Do your research and decide what you need:Where do you live, and who has good coverage?  These days all carriers tend to have excellent coverage.  How much data do you need? For example, unlimited data usage versus are you OK with a cap on your data usage. What type of phone do you have or need?  How many lines do you need? Pre-paid plans vs. traditional cell phone bills Almost all carriers have cheaper plan options if you go with a “pre-paid” plan.  We explain what these plans are and why they cost less.Some of the best low-cost cell carriers out thereTheir offers are constantly changing, so when you’re ready to look into things, you need to go and see who’s offering what.  Even if we made a massive spreadsheet highlighting and comparing them all, someone’s would change next month.  Consider offer stacking.  For example, you can sign-up through Rakuten for cashback or a sign-up bonus using a friend's referral link.  The best discount companies we have found include Visible, Cricket Wireless, Mint Mobile, GoogleFI, Tello, and pre-paid plan options with any of the big networks like Verizon and AT&T.Approaches for traveling internationallyPick up a local SIM card or rent a wifi hot spot while traveling. You can buy international time/packages through many previously mentioned carriers, but they can get quite pricey. So if you go this route, manage your data usage proactively while traveling!Top 3 takeaways:You're likely paying too much if you’re paying more than $40 a month for your cell phone plan.Do a little bit of research or accept someone else’s research and make a change to save money today.  Don’t get sucked into clever marketing. Generally speaking, cell phone plans are a commodity product, and you’ll get the same service from everyone.Show References:friends on FIRE episode #021 | Cell Phones and TV and Internet, Oh My!Visible referral link - first month is $5---Follow friends on FIRETwitterInstagramFacebookLinkedInLeave us a voicemail or text us: 404-981-3370eMail us at:  friendsonfiremm@gmail.comVisit our website: www.friendsonfire.org---Other LinksMaggie’s Blog: Mostly Minimal LifeMike’s Book: Your New Relationship with Money
Released:
May 2, 2022
Format:
Podcast episode

Titles in the series (100)

?On a mission to get friends to talk about money ?Sharing our FIRE journeys, personal finance advice, and frugal tips Hosted by 2 Friends on FIRE - Mike + Maggie **Leave a voicemail or text us at: 404-981-3370**