Are You Overspending On Broadband & Mobile?

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Our reliance on technology has increased drastically. This has also caused the costs to experience an upward rise. An average household spends considerably on broadband and mobile connections. However, our urge to avail of the best services misleads us into offers which might not be perfect for our requirements. Keeping such things in mind, we have come up with a guide to help customers select the deal which can optimally suffice their necessities without burning a hole in their wallets.

  • Fibre optic broadband delivers faster speed when compared to the traditional ADSL. But before jumping on to the fibre optic bandwagon you need to question your requirements. There is no point in getting speedy broadband if it remains underutilized. You can speed up a sluggish connection by upgrading your router rather than going for costly connections.
  • Often mobile phone contracts come with hundreds of talk-time minutes to other mobile or landline numbers. Before choosing a contract, you need to ensure whether you require the same. If you have been maintaining a landline number and rental, then you can surrender it and bring down your overall expenses especially when your mobile contract comes with unlimited talk time.
  • Smartphone contracts are another expensive avenue that you need to be aware of. While it might seem lucrative initially, it is comparatively better to buy a handset from various phone deals and use it with a sim-only tariff. We understand how difficult it gets to control your temptation with new smartphone models being rolled out by manufacturers now and then. But if your existing smartphone is working fine, then it is best to keep your urges under control.
  • Service providers like Virgin Media, Sky, TalkTalk, and BT offer bundles where you have to pay a monthly fee for a selection of TV channels, broadband, and mobile phone. These deals might initially seem very convenient as you don’t have to go through the trouble of paying separately for each service. However, it can unnecessarily add to your expenses. You can compare bundled and unbundled prices to find out the one which serves you best.
  • A cashback website is the best gateway if you are keen on switching either your broadband or mobile suppliers. These websites offer a hefty reward on buying financial products or goods through them. The amount of cashback you get is directly proportional to the price of the contract you choose. Topcashback offers a cashback of £175 if you opt for a quad-play bundle of calls, BT TV, broadband, and sim-only mobile deal. You can cut down your yearly expenses by 50% on availing of a monthly sim-only deal for £12 with Three which comes with a £60 yearly cashback.

As fiber optic cables are being rolled out speedily, users are most likely to enjoy super-fast broadband speed. However, this doesn’t necessarily mean that you will have to splurge for availing the quality services. If you have been using broadband from the same provider for quite some time, then it’s time to go for a change. The rates usually hike if you stay with the provider for a long duration. You can directly ask your provider for a better deal if you are not satisfied with the current one. In the UK, a customer pays an average of £37.32 monthly for Sky broadband but can save £131.76 yearly by opting for an introductory deal. Similarly, TalkTalk customers paying £28.98 monthly can save £31.86 yearly, and BT customers paying £36.30 monthly can save £119.52 in a year. Virgin Media customers have to pay the highest monthly bill of £41.68 and can enjoy a massive savings of £143.64 yearly by switching their plan.

 

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About Editorial Team 104 Articles
Watch My Wallet has everything you need to know about money, written by real people who’ve been there. Inspired by the philosophy of Early Retirement Extreme (ERE), our goal is to make informed decisions about our finances in order to achieve financial independence.