by Julie Wallace with Diana Popa
With the release of the new iPhone 7, consumers must decide if purchasing the new technology is worth the cost. WalletHub has released the results of its iPhone Savings Report to help consumers make sense of all the different pricing options and find the best deal.
WalletHub’s Cell Phone Savings Calculator will compare the various ways that people can purchase a new iPhone, evaluate the wide range of associated coverage plans and determine when they are simply better off keeping their current phone. The Cell Phone Savings calculator allows users to input their upfront and monthly costs in order to directly compare the true cost of two-year contracts, installment plans and no contract plans from all of the major carriers.
Here are some examples of how WalletHub tools can provide valuable cost saving information:
- Individuals who want the new iPhone can save up to $1,074 by opting for a no-contract plan from RingPlus Mobile over the same types of plans from T-Mobile and Verizon.
- Individuals can save up to $1,324 by keeping their old phone and getting coverage from the Walmart Family Mobile.
- Families can save up to $1,705 for four lines with 12GB of data by choosing a no-contract plan from RingPlus Mobile over an Apple installment plan from AT&T ($4,694).
- Families can save up to $2,294 by keeping their old phones and getting coverage from RingPlus Mobile.
Check out the calculator – along with WalletHub’s embeddable infographic comparing plans offered by AT&T, Sprint, T-Mobile, Verizon and more – here: https://wallethub.com/cell-phone-calculator/
WalletHub is a free App that offers financial tools to followers. It requires iOS 8.0 or later and is compatible with iPhone, iPad, and iPod touch.