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One of the first things I recognised when we began this journey was that our mobile phone accounts were actually mobile phone debts.
You don’t realise it at the time. It doesn’t really register. Those “affordable” monthly payments are credit accounts. And your credit plan for your shiny new phone is a debt you owe, until it’s paid off in full.
Getting rid of the mobile phone debt
As they were the smallest figures on the debt snowball list, the mobile phone debts were the first to go. We owned our own phones. Problem was, hubby then smashed his phone. To the point that it no longer worked at all.
Fortunately, as it was a fairly new Samsung Galaxy S8+, I was able to sell it back to Samsung for a decent figure of £81. Not bad considering the screen didn’t work, not to mention the state of it.
So I packaged it up, sent it off, and the money landed in the account the next day.
But hubby still needed a new phone. So after some research into refurbished phones, I finally ordered an iPhone SE 64gb for £79 through Music Magpie*. His biggest issue is memory, so we use our Amazon Prime account which provides unlimited photo storage. 64GB should be more than enough for the apps he needs, and I also have an iPhone SE which is more than enough for me. I can send emails, catch up on social media, and manage and monitor my blog and stats.
What about airtime?
Do you know the best part about owning your own mobile phone? A pay as you go SIM can cost you from £6 for 500MB of data, 300 minutes, and 500 texts (price from GiffGaff* correct at time of publishing. Giffgaff runs off the o2 network, so if you’re already with them, your service will be unaffected).
And that’s the only outlay you’ll have for your mobile phone.
My tariff is an £8 Giffgaff* goodybag for 2GB data, 500 minutes and unlimited texts. That’s more than enough for me, as I work from home and when I’m out and about, I hook up to WiFi when I can. Hubby’s goodybag is higher at £15, with 8GB data, unlimited texts and unlimited minutes as his data requirements are higher.
Think about it. How much is your mobile phone bill? Some tariffs are upwards of £50 per month. How much money could you save per month if you paid off your mobile phone contract?
We saved £66 a month on ours. That’s £792 a year. When you look at it like that, and realise how much you’re spending on your mobile phone, does it change your mind about owning the latest snazzy gadget?
Small changes like this can make a big difference. Take a look now and see where you could save yourself some money, to help pay off debt or add to your savings. Stop paying hundreds of pounds for a mobile phone, and do yourself a favour.
* – affiliate link