With the rise of the cost of living in the UK reaching dizzy heights, it’s time to start looking at where and what we can slice our costs down to get through these poor economic times. As fuel prices are reaching the £1.50 per litre level, gas and electric prices constantly going up every year, and ‘sales’ at every retailer outlet enticing us to spend more it’s hard to keep a grip on our finances. However, there are ways of cutting down on items that we have and that can start at the amount you use your mobile phone.
Mobile phone contracts often tie us in for 2 years, but if the rate is good enough and you get enough data, minutes and texts for your money then you’re better off keeping it at a set amount each month. However, if you have run out of contract and want something cheaper, then why not compare the prices of top networks and retailers so you can weigh up the cost of contracts more easily? Compare mobile phone contracts makes you decide which one will suit your needs the best. It’s often the case that you’re more likely using less minutes and texts than you’re paying for and not fulfilling the most of the contract you’re paying for.
PAYG SIM cards are another way of getting a grip on your finances, however, they are only good enough if you’re strict with yourself. If you run out of minutes, data or texts then don’t renew it until the next month. This can be tricky to do if you need your smartphone for emergencies. However, as you’re not tied into a contract you can often let the minutes roll over into another month so you’re not having to pay every single month. This is a great way of reducing your phone bill as you only pay for what you use and if you don’t have any money until the end of the month then your phone will simply have to wait.
There is one aspect of having a mobile phone contract that can help you in these uncertain financial times and that is your credit rating. If you have a contract phone it benefits your credit rating each month you successfully pay it. This can help you get further credit with loans or even a mortgage, so although you might not want to be tied into a contract it does help you in the long run, as long as you definitely pay it on time every month.
It all depends on your situation and your finances. If you need a contract phone because you’re using more minutes, texts and data than your PAYG SIM card offers and you’re spending too much, then you need to compare the best phone contracts today. If you’re looking to control your spending as you don’t use your phone so much, then compare PAYG SIM cards and make the most of what’s on offer today.