Most of us have a mobile phone. They have become as important as our wallet and keys when we leave the house. We’re constantly able to connect with people and have a font of knowledge in the palm of our hand. If you are looking to save money on your mobile phone bill, maybe because you have a change in situation or simply want to divert some of that money to your savings, have you considered a 30 day rolling contract? Let’s have a look at how you can claw back some cash.
Why You’ve Been Paying More Money
Many of us have more expensive mobile phone bills because we are paying off a handset. So often, when we sign up for a new contract, it includes a new phone. This pushes up your monthly payment because as well as your usage, you’re paying for the new handset. Obviously, we all need a handset, one that we like and can get along with.
However, the monthly payment on your new 24 month contract where you get an iPhone for ‘free’, is actually paying off the handset. £40 a month for 24 months equals £960. When you consider that a 30 day rolling contract will set you back around £10 a month, that’s £240 for the two years. That means you’re paying £720 for the phone! Is the phone worth that amount of money?
Paying a higher price for your monthly phone bill is so often simply because you are paying off a brand new handset.
Check Your Usage
You should also check your usage. You’ll be able to access this information by giving your phone company a call or logging into the app. Check your data use, as well as your calls and text messages. A cheap 30 day rolling contract can include a lot of data, with unlimited calls and texts. There is little point in paying for 100GB of data if you only use 5GB every month. When you know how much you use on average every month, you can use this to find the best deal when looking for a 30 day rolling contract.
30 Day Rolling Contract
The great thing about a 30 day rolling contract is that it is much more affordable if you have a handset you already own and are happy to use. We live in a world where having the latest and greatest brand new item is often a goal. However, if you have a handset that is perfectly fine, in good condition, and has plenty of miles of usage left in it, a 30 day rolling contract will save you money. You will pay up to £10 a month and simply use the phone you own. You could even save further by clicking through via a cashback site.
There is also no long term contract here. So often our final situation changes and we look for ways to save money. If you have signed a 24 month contract and your financial situation changes, you’re still going to have to pay that contract off. With a 30 day rolling contract, you know how much you owe each month and this simply continues for as long as you want it to.
SIM Only Means Big Savings
These SIM only contracts will save you money. You could swap a £45 a month payment to a £12 a month one. That’s a £33 a month saving! £396 in a year! What could you use that cash for instead of giving it to a phone company? Maybe you paid a little bit of money upfront for the phone and your contract was £25 a month. Dropping to a 30 day rolling contract that costs just £8 a month will save you £17 a month, or £204 over the year! These are huge savings that can be put towards other bills, your money goals or even pay for a holiday!
Final Thoughts
Many of us simply continue paying the same price, even when our phone contract ends. If you have paid off the phone in 18 months, yet are still paying £40+ per month from month 19, you’re paying far too much! The phone is yours, so switch to a 30 day rolling contract where you can save money.
