Cap It

Cap It

You’re probably paying more than you need to for your cell phone. That’s the main takeaway from a new report by ItsWorthMore.com, a phone trade-in site. The main culprit for your overpaying is that hefty, bloated data plan.

According to the report — which surveyed 1,000 adults about the cost of their phone plans — 41 percent of Americans have an unlimited data plan, while 42 percent have a capped plan. The study found that switching from an unlimited plan to a capped plan could save you some cash. Those that have an unlimited plan spend an average of $83 per month. Meanwhile, those who have a capped plan spend about $61 per month. This is the part where you chime in with something like, “But I need my unlimited data plan, I use it!” However, the report found that’s likely not the case. About 56 percent of consumers use five gigabytes or less per month. That means you’re probably leaving a lot of data — and cash — on the table. You could likely switch to a capped plan and save about $268 per year.

The only way to know if you can switch from an unlimited plan to a capped plan is to analyze your data usage. Once you have a rough idea how much you’re using, try a couple months of cutting back to see if you can do it. To keep data low, use open wi-fi networks whenever possible, download shows and music ahead of time and turn off data on apps you don’t use. If your data monitoring goes well, it’s time to switch to a capped plan. Then take those savings and add them to your emergency fund.

Articles
Holiday Travel Hacks
Holiday Travel Hacks

...

Read More

Apps for Affordable Airfare
Apps for Affordable Airfare

You might have noticed this, but flying is expensive. According to the Bureau of Transportation Statistics’s Airline Origin and D...

Read More

Good Boy
Good Boy

Your dog is your best friend, your favorite companion, your sanity. And while there’s no number to quantify the amount of love y...

Read More

Paying With Mobile Can Be Safer Than Plastic — If You Do It Right
Paying With Mobile Can Be Safer Than Plastic — If You Do It Right

Our smartphones make life easier in so many ways. As if calling, texting, web surfing, and using social media wasn’t enough, now,...

Read More

Buying in Bulk
Buying in Bulk

Buying items in bulk is like many things in life — there are positives and negatives to it. The obvious pro? You can save cash. S...

Read More

Grocery Store Gouge
Grocery Store Gouge

If you’re shelling out too much cash at the grocery store despite meal planning as a strategy against overspending, it’s time to ...

Read More

Grocery Shopping Eating Up Too Much Of Your Budget? Here’s How To Slim Down.
Grocery Shopping Eating Up Too Much Of Your Budget? Here’s How To Slim Down.

It’s advice you got from your mother (maybe grandmother): Make a list. Go to the grocery store. Cook in rather than eat out. ...

Read More

Watching The Weekend
Watching The Weekend

According to the National Retail Federation, families of school-age kids will shell out about $687 on back-to-school supplies thi...

Read More

Cut The Creep
Cut The Creep

The more money you make, the tougher it can be to avoid “lifestyle creep.” This term refers to the insidious way we spend more as...

Read More

Website Terms of Service

Please read these "Website Terms of Service" carefully before using SavvyMoney Checkup ("site", "website"). Accessing this site, or making this site available to any third party, indicates that you have read and accept these terms.

  1. Materials. Materials in this site are copyrighted and all rights are reserved. Text, graphics, databases, HTML code, and other intellectual property are protected by US and International Copyright Laws, and may not be copied, reprinted, published, reengineered, translated, hosted, or otherwise distributed by any means without explicit permission.
  2. Links to Third-Party Sites. Linked, third-party sites from website are not under the control of the Licensor. The Licensor is not responsible for the contents of any linked site or any link contained in a linked site, or any changes or updates to such sites.
  3. Confidentiality of Codes, Passwords and Information. Licensee agrees to treat as strictly private and confidential any username, password, user ID, and all information to which you have access through password-protected areas of website.
  4. Maintenance. Licensor shall provide Licensee any new, corrected or enhanced version of the site as it becomes available. Such enhancement shall include all modifications to the site which increase the speed, efficiency or ease of use of the site, or add additional capabilities or functionality to the site, but shall not include any substantially new or rewritten version of the site.
  5. Limitation of Liability. Licensor shall not be responsible for, and shall not pay, any amount of incidental, consequential, or other indirect damages, whether based on lost revenue or otherwise, regardless of whether Licensor was advised of the possibility of such losses in advance. In no event shall Licensor's liability exceed the amount of license fees paid by Licensee, regardless of whether Licensee's claim is based on contract, tort, strict liability, product liability or otherwise.