Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk
7 March 2018

Saving Money on Your Mobile Phone Plan

It is estimated that seven out of 10 people in the UK could save at least £159 a year by switching mobile contracts, although many customers prefer to stay with their current provider regardless of the savings to be made.

Cutting down day to day costs remains an important part of consumers’ habits and is something that everyone tries to do wherever possible. With almost the entire adult population of the UK being in possession of at least one mobile phone, it is one of the easiest and most efficient ways to trim your outgoings and make crucial savings. All it takes is a bit of research and a bit of time each year and you could find for yourself the most cost-effective mobile phone contract available on the market for your precise circumstances.

Also important to consider is that when applying for a loan, including convenient short term loans online, it is likely that the provider of the loan will ask you for details around your monthly outgoings as well as income. Showing responsibility by demonstrating a sensible approach to spending is key and taking control of your mobile phone plan is one of the best ways in which to do this.

Use Online Tools to Check Usages

It may sound tempting to go for a contract that provides you 10GB of data or unlimited texts and phone calls, but do you really use the full potential of these allowances? If you don’t, then it may be a waste of your money to opt for this type of mobile phone contract.

If you are unsure as to how much you are using your mobile allowance each month, use an online tool to help you. Ofcom accredited sites such as Ctrlio and Billmonitor will analyse your average usage over a certain number of months and then suggest deals based on this information, and inform you as to whether or not there are better deals available.

Mobile Phone Upgrades Aren’t Always Best

Mobile contract providers will do everything in their power to keep you as a customer once your contract has ended its minimum term. Going for an upgrade as the contract is ending by opting for a new handset or tariff is not necessarily going to give you the best value for money. Furthermore, haggling does not always lead to a much cheaper deal either. In fact, it is likely to be the more expensive option. As a result, search around before going for an upgrade with your existing phone company.

Use Comparison Sites

Trying to compare mobile tariffs between multiple companies is something that for many of us, the mere thought of triggers a headache. It is easy to understand however, that when we are inside a phone shop, we may get lured in by the pushy sales pitch that is carried out by some sales assistants. It seems easier sometimes to go along with it. However, it doesn’t necessarily mean you are getting the best deals. Just as when looking for payday loans, comparison sites can often help you find the best products for your circumstances.




The Benefits of Comparing Mobile Phone Plans

One of the best things you can do to easily compare different allowances, handsets, monthly costs and other relevant factors is to use a comparison site. They will usually show deals from not just the networks, but also resellers, which tend to be cheaper. Additionally, with a more cost-effective mobile phone plan, you will be less likely to need to use your overdraft facility which could land you in further debt, as costs will be cheaper.

Some of the best comparison websites online according to moneysavingexpert.com include:

  • MobilePhoneChecker - which has numerous filters so that you can search thoroughly for the best contract for you
  • uSwitch is worth looking at as they can offer exclusive deals
  • Ctrlio has been known to have some of the best tariffs on the market, and they also show mobile phone contracts that have cash back options available

What About a Refurbished Model?

Going for the newest model will mean that it is likely that the mobile phone contract will be on the more expensive side. If your heart is still set on having the newest model after much consideration however, (but you still want to save money), it may be worthwhile to consider buying a refurbished model instead of a brand new; out of the box mobile phone.

What this means, is that the phone has been returned as a faulty item by a customer, but has then been fixed by the mobile phone provider and returned to complete working order. Crucially, once refurbished, these phones will often go for a much lower rate than if it was brand new.

Consider a SIM Only Contract

If you are satisfied with the phone you currently have, but are less impressed by the mobile tariff (and are not bothered about upgrades), considering a SIM only plan is a viable option. If you are not paying for the phone itself, you can end up saving a lot of money over the months and years of your plan by choosing this option.

Research Mobile Networks Thoroughly

It is easy to just assume all networks are simply interchangeable in many respects, even though this is not in fact the case. Signal strength can vary hugely across different parts of the UK, with some networks providing much better signal than others. This is something you should carefully research before choosing a new mobile phone contract. There is little point in finding a cheap mobile phone tariff, only to end up discovering that you can’t get signal for a lot of the time.

Ofcom has created a mobile coverage app where you can check to see which networks have the strongest signals in your area, it can also quickly test signal coverage for both indoor and outdoor coverage, as well as the speed of your mobile connection. If the app does find any problems, it will inform you of ways in which you can improve the performance.

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Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk