How To Save Money On Cell Phone

How To Save Money On Cell Phone
How can I lower my cell phone bill? It’s one of the number one financial questions about saving money, and the answer is easier than you think.

Everyone wants to know how to lower your cell phone bill, and here’s how.

Here are 6 ways to reduce your cell phone bill:

Compare The Best Student Loan Refinance Rates For 2020

Lender
APR
Minimum Credit
1.99% – 6.43%
650

Overview

KeyValue
Variable Rates:1.99% – 6.43%
Fixed Rates:3.19% – 6.43%
Minimum Credit Score:650
Minimum Income:None
Fees:None
Minimum Loan Amount:$5,000

Details

KeyValue
Eligible Loans:Private & Federal
Eligible Degrees:Undergraduate & Graduate
Loan Terms:5-20 years
Borrower Residency:All States except DE, KY, NV
Hardship Deferment:Yes
Co-signer Option:No
2.39% – 6.69%
680

Overview

KeyValue
Variable Rates:2.39% – 6.01%
Fixed Rates:3.30% – 6.69%
Minimum Credit Score:680
Minimum Income:$35,000
Fees:None
Minimum Loan Amount:$15,000

Details

KeyValue
Eligible Loans:Private & Federal
Eligible Degrees:Undergraduate & Graduate
Loan Terms:5, 7, 10, 15, 20 years
Borrower Residency:All States
Hardship Deferment:Yes
Co-signer Option:Yes

1.99% – 7.27%

660

Overview

KeyValue
Variable Rates:1.99% – 7.10%
Fixed Rates:2.88% – 7.27%
Minimum Credit Score:660
Minimum Income:None
Fees:None
Minimum Loan Amount:$5,000

Details

KeyValue
Eligible Loans:Private & Federal
Eligible Degrees:Undergraduate & Graduate
Loan Terms:5 – 20 years
Borrower Residency:All states
Hardship Deferment:Varies
Co-signer Option:Yes

2.99% – 6.44%
650

Overview

KeyValue
Variable Rates:2.99% – 6.44%
Fixed Rates:3.20% – 6.44%
Minimum Credit Score:650
Minimum Income:None
Fees:None
Minimum Loan Amount:$5,000 ($10,000 in CA)

Details

KeyValue
Eligible Loans:Private & Federal
Eligible Degrees:Undergraduate & Graduate
Loan Terms:5, 7, 10, 15, 20 years
Borrower Residency:All states
Hardship Deferment:Yes
Co-signer Option:Yes

1.99% – 7.02%
700

Overview

KeyValue
Variable Rates:1.99% – 6.65%
Fixed Rates:3.20% – 7.02%
Minimum Credit Score:700
Minimum Income:None
Fees:None
Minimum Loan Amount:$5,000

Details

KeyValue
Eligible Loans:Private & Federal
Eligible Degrees:Undergraduate & Graduate
Loan Terms:5, 7, 10, 15, 20 years
Borrower Residency:All States
Hardship Deferment:Yes
Co-signer Option:Yes

1.95% – 3.85%

660

Overview

KeyValue
Overall Rate:1.95% – 3.85%
Variable Rates:
Fixed Rates:1.95% – 3.85%
Minimum Credit Score:None
Minimum Income:None
Fees:None
Minimum Loan Amount:$25,000

Details

KeyValue
Eligible Loans:Private & Federal
Eligible Degrees:Undergraduate & Graduate
Loan Terms:5, 7, 10, 15 years
Borrower Residency:Must live near a branch in California; New York City; Boston; Greenwich, Connecticut; Palm Beach, Florida; Portland, Oregon; or Jackson, Wyoming
Hardship Deferment:No
Co-signer Option:Yes
2.61% – 7.75%
680

Overview

KeyValue
Variable Rates:2.61% – 5.25%
Fixed Rates:3.39% – 7.75%
Minimum Credit Score:680
Minimum Income:$24,000
Fees:None
Minimum Loan Amount:$5,000

Details

KeyValue
Eligible Loans:Private & Federal
Eligible Degrees:Undergraduate & Graduate
Loan Terms:5, 7, 10, 15, 20 years
Borrower Residency:All states, except ME, ND, NV, RI, WV
Hardship Deferment:Yes
Co-signer Option:Yes

Checking Your Rate Doesn’t Affect Your Credit Score
Disclosures: Earnest | Laurel Road | LendKey | SoFi | Splash

1. Lower your cell phone bill by changing your cell phone plan

It’s easy to sign up for cheap phone plans, and then never review the fine print. With taxes and fees, those cheap cell phone plans can become more expensive. So, it’s time to review your usage so you can lower your cell your phone plan.

Your cell phone plan is driven by the number of lines and your data usage. To lower your cell phone bill, analyze your data usage for the past 3-6 months. Are you using all your data? If you can find ways to lower your data plan, you can lower your cell phone plan.

Also, assess whether you have exceeded your data usage and are paying monthly overages. Alternatively, you can choose an unlimited data plan so you are not paying overage fees on a per gigabyte basis.

Finally, cell phone plans change. To reduce your cell phone plan today, you can’t rely on the cell phone plan you signed up for three years ago. Your usage changes – and do cell phone plans. So, update your cell phone plan to your current needs to lower your cell phone bill.

2. Change your billing address to lower your cell phone bill

Another strategy to reduce your cell phone bill is to change your billing address. It sound so simple, but it is one of the most overlooked ways to lower your cell phone bill.

The taxes and fees, including regulatory costs, that are you are charged are based on where you live. It is easy to update your address to lower your cell phone bill. Simply log into your cell phone account, and change your billing address in your user profile.

3. Increase the number of lines to reduce your cell phone bill

When you add more lines, the absolute monthly cost will increase, but you will save money on a per line basis. The key with sharing lines is that you share data. Therefore, you pay more per line, but you really lower your cell phone bill by sharing data across cell phone lines.

4. Avoid international calling plans

Even with cheap phone plans for calling internationally, you are probably overpaying. An easy way to lower your cell phone bill is to use mobile apps such as WhatsApp that allow you to chat and speak for free all over the world. There are many apps that allow you to do chat and speak globally for free. You can also see if Skype will help you lower your cell phone bill if Skype’s calling rates are lower than your cell phone company’s rates.

5. Review your insurance plan to lower your cell phone plan

If you think you already have one of the cheap cell phone plans, make sure you review your insurance plan. Insurance can help you save money if you lose or damage your cell phone. So for a small fee per month, insurance can save you hundreds of dollars if you lose or damage your phone.

The key to insurance, however, is not to over-insure your cell phone. You can reduce your cell phone bill by avoiding premium insurance plans and warranties that may already be covered in the basic insurance plan. You should also analyze whether premium insurance offerings are worth the annual cost to maintain, even if you do lose your phone because it can really hurt your cell phone bill.

6. Go paperless and sign up for autopay to reduce your cell phone bill

If you want to lower your cell phone bill, go paperless and sign up for autopay. Many cell phone companies will reduce your cell phone bill when you enroll in autopay and/or sign up for paperless billing. Plus, with paperless, you will help save the environment.

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