Are you thinking about spending some of your hard-earned cash on a new smart phone? These days, there are new and improved phones entering the market on almost a consistent basis, leaving many of us aching for the next best thing. If you’re hoping to upgrade your phone for a treat, or you’re simply coming towards the end of your contract and you need to arrange something new, make sure that you know your best options for saving money.
Here, we’re going to take a look at what you should think about when you’re getting a new phone, how you can reduce your monthly bills, and what other expenses you might need to think about when deciding to upgrade.
When you’re Looking for a New Phone
Buying a new phone can be a very expensive process, particularly when you’re interested in the latest model. However, there are some things that you can do to keep your costs as low as possible. For instance, do you research and find out whether it might be cheaper to buy the phone that you want outright, or whether you might need to consider a contract. Remember that you should only be paying for what you need, so avoid signing up for features that aren’t right for you.
Remember, it’s possible to haggle with your current supplier when your contract is ending to make sure that you continue to get the best possible deal. At the same time, if you’re happy with the phone you have now, then you might find that a sim-only deal is far cheaper than paying for a contract that comes with a phone attached.
When you do get your new phone, remember that one of the most important things you can do is watch what your children are doing with your device. While there are many new games and applications out there that are “free to play” many now come with in-app purchases. This means that although downloading the game doesn’t cost anything, you may have to pay for additional features when you start using it.
To make sure that you’re not hit with a huge bill at the end of the month, keep a close eye on what’s happening with your phone, both when you’re using it, and when your children are.
Your Mobile Contract
When your mobile contract comes to an end, you might be wondering if it’s better for you to switch providers or stick with what you know. Usually, the best option is to call your network operator. You can ask them about which packages they can offer you, and you can also find out useful information about your typical usage.
Getting all the information from your supplier will help you to compare deals more effectively on comparison websites. Additionally, it will warn your supplier that you’re considering switching, which should mean that you end up being given some better deals, as your supplier won’t want to lose your business.
When you’re deciding whether you should stay or go, you might also want to think carefully about whether you want a pay-as-you-go or pay monthly solution. Pay monthly models are often very appealing to most people as they allow them to get their hands on the latest and most expensive phones without having to shell out huge amounts of cash. Unfortunately, it can be difficult to ensure that you’ll be able to pay the bills every month.
On the other hand, with a pay as you go tariff, you will pay for each chunk of data you use, each call you make, and each text you send individually. This can be very cheap for people who don’t use their phone very often.
Should you Insure Your Phone
Aside from the average expenses that go into paying for your phone, there are some extra costs that you may need to think about along the way. For instance, some people who believe their phones to be very valuable will want to insure their phone for extra protection. Whether you should insure your phone will depend on the value of that phone, the contract repayments you need to make, and the inconvenience that comes with replacing a damaged or lost phone.
If you decide to pay for insurance, remember that mobile phone insurance doesn’t need to be taken out with the same person who offers your contract. Additionally, remember that cover can sometimes be offered alongside your bank account, so check what’s available before you invest in anything. Also, make sure that you know what you’re covered against before you start spending money on insurance.
Remember, if you’re finding that you’re struggling to pay your phone bills, one of the best things you can do is speak to your supplier, these people may be able to help by moving you onto cheaper tariffs, or proposing changes that might make your contract more affordable overall.