When prepaid cell phone service first came onto the market, many people weren’t excited. Sure, they may offer savings on your monthly plan costs, but the phone selection was limited. Plus, the devices that were available weren’t the trendiest ones available.
Now, prepaid cell phone service is different, though that doesn’t necessarily guarantee that it’s right for you. If you are wondering if prepaid cell phone service is all it’s cracked up to be, here’s what you need to know.
Contract-Free, But Comprehensive
One of the most enticing parts of the prepaid cell phone service movement is the lack of a contract. This means you aren’t tied in with your provider in any way.
However, just because you don’t have to lock in with a contract, that doesn’t mean you can’t get the usual bells and whistles. First, it’s important to understand that prepaid cell phone service usually uses the same networks at the post-paid providers. This means you’ll get similar coverage levels to one of the primary players.
Second, voice, data, texting, hotspots, and other services can be part of the package. However, each option varies, so you’ll need to examine them closely to determine which is right for you.
Latest and Greatest Technology
Now, it’s easier than ever to find prepaid cell phone service on one of today’s trendiest phones. These carriers might not have all of the options available through their post-paid competitors, but their selection is respectable.
Typically, you can find the latest iPhones and Samsung Galaxy devices available through at least one prepaid carrier. Plus, you can always buy the phone on your own. Then, just use a prepaid cell phone service SIM card to activate it on your network of choice. You may need to purchase an “unlocked” device to do this, but they are readily available.
Usually, you won’t find subsidized phones as easily on prepaid plans. But, this trend is actually changing, and some prepaid carriers even have free phones available for customers.
Prepaid Cell Phone Service Monthly Cost
Like any other service provider, the cost for prepaid cell phone service each month can differ between carriers. However, it is usually easier to find a lower cost plan with them than through post-paid providers.
As with any purchase of this nature, you need to research everyone’s offerings to see which will save you the most money. Post-paid providers have different deals throughout the year, so they might beat prepaid prices. This is especially true for households with more than three people, as deals generally focus on family plans.
Singles or couples may be better off on prepaid, where the cost for a single line tends to be lower.
Ultimately, prepaid cell phone service is a great option to explore, especially if you are paying hundreds of dollars with your current provider. Just make sure to review the details to make sure the plan meets your needs before you make any switch.
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Tamila McDonald has worked as a Financial Advisor for the military for past 13 years. She has taught Personal Financial classes on every subject from credit, to life insurance, as well as all other aspects of financial management. Mrs. McDonald is an AFCPE Accredited Financial Counselor and has helped her clients to meet their short-term and long-term financial goals.
