My contract is up at the end of the month for my cell phone and I will not be renewing it. I will be saving myself over $50 a month by going with a prepaid phone. My current cell phone bill is close to $100/month (with a 15% discount) and my new plan will put me at $40/month. I never really thought about having a prepaid phone because…well they seem sketchy. But das boy has one and has done some further research into other companies and helped me find a new plan that will give me all the features I want and also cutting my phone bill in by more than half, saving me $600/year. The one downside to having a prepaid phone is that you have to pay upfront for a new phone. Luckily, by waiting and shopping deals, it looks like I will get a pretty decent phone (Nokia Lumia 520) for less than $100 (which if I were staying with my current cell provider I would pay anyway for a new phone on contract).
Sometimes it is worth doing the extra research to see how you can save a little extra cash. And that little extra cash definitely adds up!