Saving Money With a Prepaid Cellphone

Once every year for the past few years I’ve spent $100 to add 400 (or, withMotorola-ex431G a bonus, 800) minutes and an additional year of service to my cellphone.  I don’t use that many minutes during the year, so the total cost of my cellphone is $100 per year for the service, or about $8 per month. The phone itself cost $30. Let’s assume it will last at least 3 years, so that’s that’s about $10 per year for the phone.  Add up the cost of the service plus the cost of the phone and we see that my cellphone costs me less than $10 per month.

This year, as I was purchasing my 400 minutes, I noticed I could add an additional year of service for $50.  Total cost: $150 for the next 2 years.  Now my total cost for cellphone service for the next 2 years is $75 per year or about $7 per month.

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