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Did Verizon do away with contracts for cell phone service?

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asked Aug 11, 2015 in Communications by JLettermanMB (43,340 points)
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After August 13, 2015, Verizon will no longer offer cell phone service with a contract, and they will be switching to a month-to-month model that customers seem to favor. As a result, all of the phone discounts people received for extending their contracts will no longer be available. People who do not have a way to cover the cost of an expensive phone will be allowed to pay it off in installments.

 

Customers will now have to pay for phones, a data plan and an access fee before they are allowed to start making calls. Data plans range from 1GB at $30 per month up to 100GB at $750 per month. It is important that people select the best plan since going over will cost an additional $15 per GB.

 

This may seem pretty confusing and expensive, but it works out to about $3 per month saved per person. This many not sound hefty, but after a few years that will be over $100 saved. If you are looking for ways to reduce data usage and ultimately boost your savings, you should stop watching videos, participating in video calls or listening to music. These are all very easy ways to go overboard and use your allotment rather quickly.

 

 

Sources:

 

http://money.cnn.com/2015/08/07/technology/verizon-monthly-plans/

 

http://www.today.com/money/how-save-verizons-new-no-contract-plans-t38261

answered Aug 12, 2015 by Johnresa (33,810 points)
selected Aug 12, 2015 by JLettermanMB

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