Main Advantage of No Contract Smartphones
[adsense]I was speaking with a friend of mine last week, and he remarked to me how great his new smartphone was. It was the latest 4G LTE smartphone model with a ICS Android OS, 4.3 inch display and loaded to the rim with processor speed and memory. It was a great phone, but when I asked how much he pays per month to use it; and how much no contract smartphones can save money.
I was completely shocked and surprised at how much I believed he was getting ripped off. With unlimited voice, text and data, he was expected to pay over $130 per month for the next two years. Shocking I believe considering how many other less expensive choices there are out there. Consider the following comparison when using a 4G unlimited plan at T-Mobile:
“Do you know how much you will have spent before you leave your contract?” I asked.
“Sure, but I can’t pay full price for a quality no contract smartphones right now”, he replied.
Listen, the best smartphones can be expensive, but you can save an extreme amount of money by just saving for a few months to pay the full price for the phone you want.
The chart above shows a substantial amount of money saved by avoiding the contract options on current smartphones. A difference of over $1500 dollars is alot of money over 2 years.
I wish I could have made him understand, more money upfront means more savings in the future. Keep the above graph in mind when deciding on whether or not to go no contract for your next smartphone. This one decision can mean alot to your wallet.