Debt levels are currently at an all time high and there are things we could do to improve our monthly cash flow. Telecommunication could represent much of our expenses and there should be easy ways to implement this. As an example, by not sharing our smartphone plans, we could throw away a sizable amount of money each month. We occasionally encounter couples who use separate carriers and they neglect the benefits family package from their carriers. We may argue that we can’t switch because we are stuck in the contract. However, we should do the math and we could find out that the costs of cancelling early would be lower than the total amount of using two separate contracts.
If our contract will expire in less than a year, then we could actually cancel it immediately and switch to family plan. However, if we have more than one year of contract, it is probably true that we are stuck until we have at least 11 months left in our contract. There are many benefits of family plans, as an example we could share 400 minutes of voice call and 1GB for occasional social network access. These plans may include unlimited text messages, so it could save a lot of money if we often text to our relatives and friends. If there are unlimited components in our plan, we could make sure that they are what our family uses most. As an example, some families could prefer to use voice call, text messages or Internet connection.
In general, we shouldn’t pay more than we need and more importantly, we shouldn’t pay anything that we don’t need. As an example, we shouldn’t get 10GB of monthly data if we hardly go beyond 1GB each month. Mobile Internet connection is often expensive, so we could spend much money by choosing only useful packages. By choosing the right family that matches our requirements, we could save up to $50 per month. It doesn’t matter whether our smartphones are iPhone or Android-based, if we are able to choose the right family plan, it is quite likely that we would save plenty of money.
Another option is that we could replace our standard voice call connection with VoIP technology. This technology is useful if we rely heavily on home phone or mobile phone. Some people prefer to do International call each day, so having a reliable VoIP connection could save us a bundle. Many people pay more than $100 per month for International long distance calls. Also, unlimited long-distance call packages could also be quite expensive. This connection could be based on DSL plan that’s interconnected with WiFi router, but we could also use mobile Internet plan.
It is true that Internet mobile connection can be expensive, but it is much cheaper than long distance International calls. Smartphones and tablets may use specific apps that can help us make proper VoIP calls. This should be an alternative we won’t regret to use.