Buying iPhone all cash + prepaid ATT or Monthly Plan for saving money???
Couldnt find a 2021 updated post with specific. $ amount. I'm trying to compare if it makes sense to buy 2 iphones + prepaid or MVNO (like Cricket etc) or is it better to buy iPhones from a carrier like ATT/Tmobile (GSM only please).
Requirements/Assumptions:
- Chances for breaking phone screen is very low aka, no need to buy phone insurance
- Privacy concerns: for most carriers who ask for SSN, personal details, one can search phone number online and get name, address, age etc If that is the case, we want to avoid such a carrier/option
- Apple iphones hold their value well and can be sold on craigslist after 2-3 years
Option 1
2 iPhone (ProMax 128GB) at about $1100 each = 2200
Phone service (unlimited everything+ 15GB data per line) for Att prepaid it's $80 pm for 2 lines
Option 2
Att has payment plan over 2 years and average per month cost including phone installment costs $120 per person
Over 2 years, this is 24 x 120 = 2880
Thoughts? comments? Anything I'm missing? #finance #money #iphone #att #personalfinance #discussion
comments
Also look into T-Mobile postpaid family plans. Don't remember the exact numbers but my roommates and I shared one in college, it was great value for money.
Just saved you so much money. You're welcome.