5 tips for lowering your cell phone payments

Category: Personal Finances


Are your cell phone payments a little higher than you’d like them to be, and they only seem to be increasing? According to statistics, that the average cell phone user spends about $1,200 each year on cell phone payments, but you may be able to lower those costs with some easy steps:

Always pay on time

If you’re late with your cell phone bill, your provider might tack on extra fees. To keep your cell phone bill at a minimum, remember to always pay on time, or automatically schedule payments ahead of time.

Get a family plan

With most cell phone providers, adding on an extra phone line will only cost about 25 percent of the original line fee. If you have the chance to split the cost of a plan with someone else, take advantage of the opportunity. And the more people you can share the same plan with, the lower your bill will be. If the majority of the calls you’ll make will likely be to the people sharing the plan with you, you’ll use up fewer out-of-network minutes than you would if you were all with various wireless carriers.

Eliminate what you don’t use

It’s up to you to determine what the unnecessary features are, so look through your cell phone bill and see what you’re paying for exactly. You may be paying for features or capabilities that you didn’t even know about. Some of these features may include things like Internet, GPS capabilities, and roadside assistance. Determine what you don’t use at all or could do without. If you only use these extras now and then, you have to ask yourself if paying for these features separately (only when you need them) is more cost-effective than paying for a monthly plan that automatically includes them.

Buy a package

On the other hand, buying a package that bundles a lot of different features can be much more cost-effective, depending on your usage. If you’re not sure how many minutes you use or text messages you send during a billing cycle, the first step is looking at your usage details. Overestimate how much data you may think you use—but only marginally and only at first. After a few billing cycles, downgrade your plan to suit your usage needs. Otherwise, you may continuously go over your data limits and have to pay overage fees.

Consider your cell phone choice

You may be paying for an expensive data plan because you have a smartphone with a lot of capabilities. However, if you just want a cell phone to make phone calls on, you may want to downgrade your phone to something simple and opt for the most basic cell phone plan your carrier offers. On the other hand, if you find that you’re frequently using too much data each month because you’re always sending text messages or surfing the web, consider a smartphone that is capable of connecting to Wi-Fi. When you’re using a wireless Internet connection to surf the web and send text messages, as opposed to your carrier’s network, you won’t have to worry about using up your data and paying a lot of extra money when your cell phone bill is due.

Do you need extra cash to pay for bills and expenses? If you’re receiving long-term payments from an annuity or structured settlement payment stream, we may be able to help. At Peachtree Financial Solutions, we purchase future payments from people who would prefer to receive their money sooner. If you’d like to learn more about how the process works and get started, contact Peachtree Financial Solutions today. We can also provide you with a completely free quote.


Nothing above is meant to provide financial, legal, or tax advice. You should meet with appropriate professionals for such services.

Tags: cell phones, monthly bills

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