How many times have you received your wireless bill and are surprised by the amount due? A lot of those costs are taxes, fees and surcharges, which can drive up the cost of service. You may not be able to do much about those fees and surcharges but there is one cost commonly included in a lot of cell phone bills these days that you can reduce.
It’s pretty common to pay $700 or $800 for a new Smartphone from one of the major carriers these days. It’s also common to pay for all that new technology in your monthly bill in smaller bite-size chunks, but there is a better way.
BYOD Is the key to saving money on your wireless bill
BYOD, which stands for Bring Your Own Device is an often overlooked option for reducing your monthly wireless bill. What many people don’t know is that many carriers will allow you to bring your own device; you don’t have to buy from them. In other words, you can have the smartphone you want without locking yourself into paying for it for years to come.
You may remember the days of signing contracts with sweaty fingertips for two or more years of service with a carrier. These contracts were the only way to get the phone and service you wanted. Now, in lieu of contracts, many carriers are allowing you to lease your device, but, buyer beware, while this still affords you the ability to get a device with a lower monthly cost you’re still liable for the full retail price of that phone – even after the screen has cracked and there’s a newer, shinier model available.
Cut the cord from your expensive cell phone bill
Purchasing a gently used mobile phone on Swappa allows you to pay far less. Many times 50% – 60% less than retail price, for a newish device. Many models available on the site have been released as recently as the last year or two and are in good to like new condition.
There are a few things to consider before you decide to go the BYOD route:
- What device are you looking for?
- Are you staying with your carrier?
You can easily shop devices such as the Galaxy S7 or iPhone 7 on Swappa. Once you’ve chosen your device you can then shop by carrier. If you’re unsure if you’re going to stay with your carrier, there are two ways to buy:
Buy an “Unlocked” phone
Buying an unlocked phone means you have the freedom to use it on almost any carrier by switching out the SIM card in the phone. An unlocked phone gives you the freedom to go to the carrier of your choice but may cost you a bit more for the phone itself plus the cost of the SIM card. This option may also appeal to you if you travel and want to use your phone on an overseas carrier while abroad.
Buy a “Carrier Compatible” phone
This is a great option if you plan to stick with your current carrier. These phones are ready to be activated with your current carrier. You can still have the hottest technology without the monthly burden showing up in your bill plus you pay far less than retail.
Gone are the days where buyers must pay full retail price to enjoy the latest technology. Forego the monthly payment on your device and pay a fraction of the cost upfront. In an upcoming post we’ll share how you can drastically cut your cell phone bill by combining your device (BYOD) with a mobile virtual network operator (MVNO). Don’t worry, it’s way easier than you think.