Saving each and every penny is essential when dealing with an IVA. Your mobile phone bill may be a good area to cut costs and, in case you put some effort in, you could save hundreds annually. Read the tips below to be able to reduce the mobile bill when you're in the IVA.
Possessing a mobile is a necessity in today’s society. Every second in the United Kingdom 5000 text messages are sent, adding up to more than 300,000 every single minute and 18 million every hour! A mobile is necessary in the modern society, however it might be quite expensive. The moneysupermarket declares that in 2008, a standard phone bill cost £17.10. Because the living costs increased, the bill is higher today. Over a year that’s a cost of at least £205!
If you’re working your way through an IVA, this may be a cost that you just can’t justify. So, in case you want to save cash during the IVA, you can reduce the mobile bill. So how can you save those crucial extra pounds and pence?
1. Don't use phone insurance
This may sound risky but it's really a huge money saver. Unless your phone insurance is dirt cheap, it is almost always cheaper to simply buy a new phone in case yours dies (or falls in the bathtub!). Not only are cellular phone insurance policies unjustifiably expensive but they are often very tricky to claim on, specifically if you have accidentally inflicted the damage on your own…You should take into account scrapping your mobile phone insurance whether or not you are working through an IVA, it really is quite simply a waste of money.
2. Keep track of your phone usage
Even though the amount of texts and calls made in the United kingdom each day is astronomically high, most of us actually massively overestimate the amount of texts and minutes we utilize monthly. This is exactly why we use expensive contracts that we don't actually require. By tracking your phone usage you can precisely assess your needs and save a good couple of quid on the contracts you buy. This might sound paltry but, if you’re handling an IVA, every penny makes a difference.
However, if the phone utilization is underestimated you may pay a lot of money for the extra calls and texts. Checking the bill monthly can help you get contract you need.
3. Consider pay as you go
Pay as you go may seem like a bit of a trouble but it might save you a lot of money. Most of the time, if you send fewer than 100 texts a month and make under 150 minutes of calls, PAYG could save you money. PAYG will help you cut the mobile phone expenses of your kids.
These are just a few methods in which you could save money on your mobile whilst working through an IVA .
If you would like any more cash saving suggestions to help make life easier during your IVA - or want to know more about the IVA in general, iva-service.co.uk is a good resource full of helpful materials, information, tips and hints. They actually have a devoted helpline which will put you in touch with skillfully qualified debt experts.