Money Saving Tips – Part 3

July 13th, 2007 Posted in Personal Finance

Save Money On Phone Bill

Depending on what type of plan you have, you can save money on your phone bill. Here is how to slash your home and cell phone bill.

Home Phone

If you have home phone with features you don’t use, it’s time to get back to basic service. You will be able to cut $10 to $20 dollars per month. Keep your eyes open for same type of service offered by other phone companies at a lower cost. Before you do the switch, call your existing phone company and chances are high that your existing phone company will match other companies’ offer to keep you.

Cell Phone

If you have a monthly plan, added features such as caller ID, voice mail, call forwarding etc can cost you extra bucks. If you don’t use your cell phone in the daytime, switch to Pay As You Go. I have unlimited evening and weekend Pay As You Go which costs me only $30 a month. If you don’t need unlimited evening and weekend plan, use Pay As You Go $20 a month plan. It costs only 1 cent per minute in the evening and weekend and will save you a lot of money. Pay As You Go already includes caller ID, voice mail etc and you don’t pay extra.

Internet Phone

If you have high speed internet, you can use it to have home phone service. This type of phone called VOIP (voice over internet protocol). Plans start at $10 per month (I am not joking, check www.acanac.ca) for basic service. You can have phone service with 10 to 15 features for a fraction of land line cost. You can save 35% to 60% on your phone bill with VOIP. Before you jump into VOIP, do you research first. VOIP has some disadvantages as well. One of them worth mentioning – it won’t work in the event of a power failure.

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