One Money Saving Expert fan has saved £576 a year by switching providers
Millions of people across the country might be paying £50 every month that they do not have to and not realising it, due to a quirk of mobile phone and broadband contracts. But, Martin Lewis has advice for savvy consumers that could see them cut their monthly phone bill to just £8.
How to cut your phone bill and save hundreds When people sign up for a phone contract, frequently they will pay a large monthly fee to pay off the cost of their handsets. However, millions of people are overpaying this contract after the cost of their mobile phone has been paid off. "A few firms will then say they want your birthday to validate you, that is cool, that is part of it, that is fine. My rule of thumb - If they say they cannot give you this information, if you have not done anything with your mobile phone for a couple of years, you're almost certainly free to switch."
Mr Lewis went on to say: "Second step, out of contract, if you are paying over roughly £8 a month... you can get a 100gb a month SIM for £8 a month, factoring in all the promo vouchers and everything they give you. Or 50gb for £6 a month. So you need to look at 'can I do it much much quicker and cheaper and easier'.
If you want to keep your phone signal, there are only four network providers in the UK, so you can check an online phone signal tool to see which other providers could work in your area.
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