I’ve only recently gotten back into having a cell phone. My wife and I have not had one in almost 10 years. I figured with a baby on the way, I should be an easy guy to reach. So after much research and debate, I decided to go with a no contact provider , and I chose Petro Canada Mobile. Yes, as in the same company as the gas station. I knew right off I didn’t want to be in a contact, and I knew I wanted to pay as little as possible per month, for a basic plan. There weren’t many options out there. So I bought the phone outright, and picked the cheapest plan, which I think was $12 a month for 50 mins (PCM recently made changes to their plans, so now my base fee is $15 per month). Any out going texts were 10 cents each, no data plan. So taxes in, and the $1.25 911 fee came to $14.97 per month. Pretty reasonable. I would dump a few extra dollars in once in a while to cover the texts, which I average about 15-20 a month. Call it $2 a month for texts and we are looking at $16.97. Lets add in what I paid for the phone $108 taxes in. I plan to have the phone for 3 years, (oh the humanity!) so add in $3 ($108/36=3) a month for that (man that worked out nice, you can’t make this stuff up!). I also paid $15 for a phone cover/protector and the memory card was also about $15, lets call those two combined $1 a month, so $20.97 ($23.97 is what I pay now) per month, cost of phone and accessories included. I think I’ve covered everything. And of course I can walk away anytime I want, the price I’m (not) paying for freedom.
So what is all this about anyway? In case you missed it, I’m paying just over $23 per month for everything, everything, everything for my cell. I know many people who paid hundreds of dollars for their phone AND pay $40-$60 per month for their phone. And pay MORE money each year to get the latest and greatest phone. This is insanity people! Are you one of these people? And are you someone looking to improve their financials? Well simple solution, cancel that contract! Now! Not convinced? Send me your numbers, and we’ll see just what that might mean for you.
Thanks for reading. Stay tuned, my January spending totals will be released in the next few days!