Analyzing Your Cell Phone Bill Could Save You Money

PITTSBURGH (KDKA) — More Americans than ever use cell phones now, but it turns out you could be throwing money out of the window.

Analyzing 24,000 wireless bills, Bill Shrink Co-Founder Schwark Satyavolu says consumers consistently overestimated what they need.

Users think they need 711 minutes a month, but use only 651 minutes. They also think they average 2,566 text messages a month, but only use 1,555.

“We’re overpaying simply because we don’t assess how much we really need with our wireless plans correctly,” Satyavolu said.

Media and marketing professor Paige Beal at Point Park University says cell phone technology is great.

“But our knowledge about them and how to actually price them and shop price them has fallen behind I’m afraid,” she said.

Mavis Herring says she identifies with most consumers.

“I think they really don’t understand how the pricing works and then when you get the bill you don’t necessarily understand it,” she said.

Consumer advocates say it takes time to review and understand all parts of your cell phone bill, but you can save money if you do. Also, call your cell phone provider to help you find a cheaper plan that works for you.

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One Comment

  1. Melly says:

    It’s amazing how many people don’t think about an option like this and how much money they just throw away on their cell phones – I was def one of those people. I gave so much money in fees to AT&T over the years, I could have probably paid for three phones over and when my contract was up in November of last year, I took a look at the bills and made a decision. I agree that prepaid companies can offer great savings if you take the time to look for the best combonation of both price and network, you can really find a great deal. I ended up with Net10 and while its not the cheapest plan out there for unlimited service ($50) it did seem to have the most flexibilty and network combonation.

  2. Anita says:

    Prepaid is definitley climbing up the popularity scale now that they offer unlimited plans for as low as $45-$50 a month. I got rid of my old cell phone and went with StraightTalk wirelss – a prepaid type phone from Walmar. Although I had to pay $200 in eraly terimation fee, figure it’s worit it since I’ll be saving at least $60/month.

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