How Buying a Cell Phone Outright Can Save You Hundreds!

In today’s society it’s essentially a necessity to have a cell phone.  Sure, it is possible, to do without, but with everyone having one, you’re liable to miss out on so much if you choose to go without one.  While the spending may seem counterintuitive, this post outlines a way to lessen the costs of having a cell phone without having to make any sacrifices like cutting the data portion of your plan.

How can spending an extra ~$500 help you save money?  The motivation to sign up for a standard 2-year agreement, through any cellular service provider (Rogers, Telus, Bell, Fido, etc.), is to either get your phone for free or to get that ~$500 discount towards your new phone.  The thing is, the cellular service providers end up paying for your phone, and they charge you a healthy premium for it.  In most cases, you are only eligible for the most expensive monthly plans, while customers who own their own phone are able to get the same plan features but at a discounted rate.  At the end of the 2-year term, you end up paying more for your phone costs, than if you had bought the phone outright yourself.  

If you buy the phone outright, there are two service providers that seem to give you a better deal than others.  They are Fido (a subsidiary of Rogers) and Public Mobile (a subsidiary of Telus).  With Fido, you are on the same network and receive the same reception as if you were a Rogers customer, and Public Mobile subscribers get the same reception, being on the same network as Telus customers.  

Continue reading How Buying a Cell Phone Outright Can Save You Hundreds!


Thanks for visiting More Bang For Your Buck!  I hope you enjoy the reading and discover ways to keep more of your money.

Who am I?  My name is Kevin and I’m in my late-twenties and I’m a new father.  I’m also a PhD candidate – this just means I’ve spent a lot of time in school.  When you’re a student, you generally don’t have a lot of money.  And there’s nothing that motivates you to save money more than knowing that you don’t have much.  If you’re like me, money’s tight.  I don’t have a 6-figure salary, (yet – I can be hopeful right?).  When it comes to financing and investing, I don’t have any formal training or certifications and I don’t work in the financial industry.  I’m self-taught and I’m using an online discount broker to manage my own investments through an online brokerage.   This should help me make saving money a little easier to understand for ordinary Canadians.  

I like what money allows you to do, and I genuinely enjoy finding ways to save money.  Over the years, I have searched, learned, and discovered all sorts of ways of getting more for less, and making more out of what I have and just want to share what I know.  Between my age, and the number of years I’ve spent in school, there end up being more content for millennials and students, but I plan on writing posts that are useful to anyone and everyone.  I’m hoping that I can help you keep a little more money in your pocket!