Money-saving expert says the price of the average 4GB phone contract has halved in the last 5 years
Martin Lewis is urging people to check their mobile phone contracts to see if they’re overpaying (Image: ITV)
Martin Lewis shared a simple tip that can save mobile phone users hundreds of pounds on their bills each year.
Britain’s inflation rate has spiked to its highest level in nearly 30 years as the cost of living crisis continues, with the Office for National Statistics (ONS) revealing that the Consumer Price Index (CPI) increased from 5.1% in November to 5.4. % in December – the highest level since March 1992.
The ONS said the price of food and non-alcoholic beverages, along with the cost of restaurants, hotels, furniture, home appliances, clothing and footwear, contributed to the rise in inflation.
Household finances are also being squeezed by rising electricity and gas prices, and supply chain problems that are driving up costs across the economy.
The Bank of England has now forecast inflation to hit 6% in April.
While household spending will increase significantly in April when the limit on energy bills increases by 50%, Mr Lewis said mobile phone bills are a regular expense that can easily be reduced.
How to reduce your cell phone bill
On ITV’s Martin Lewis Money Show Live, the financial expert surveyed Twitter and found 30% of respondents are paying more than £30 a month for their mobile phone.
However, Mr Lewis said the price of the average 4GB phone contract has halved in the last five years and urged people to check their contract to see if they are paying too much.
“If you don’t arrange or change your mobile phone transaction, you may be paying too much,” he said.
“My big question would be ‘are you paying more than £10 a month?’ If so, why?
“If part of your bill is to pay off a phone, fair enough. If it’s because you wander around a lot, that’s fair enough.
“Maybe if you have bad credit and you have to pay up front, but that shouldn’t be much more expensive.
“The solution here is to switch your SIM card.
“Most transactions these days are unlimited minutes and messages, so this is all about the data. These days the average usage is 4GB a month – obviously if you stream a lot there will be more.
“But you can get that cheap.”
Mr. Lewis said switching SIM cards could significantly reduce the price of monthly mobile phone bills and gave examples of cheap offers.
This includes a deal starting at just £6 per month for a 10GB deal with Lebara.
The money-saving also addresses concerns that switching to a different network might affect cell phone signals, and says users shouldn’t worry about service drops.
“There are actually only four networks – O2, EE, Vodafone and Three. Every other provider is piggybacking their signal.
“Labara is using Vodafone, Plusnet is using EE. So, if you want to cut your costs, you can keep the signal the same but by changing to a different virtual network.
“The only thing I would like to see is if you prefer calling over Wi-Fi or 5G or tethering it might not be, so check before you sign up.”
Mr. Lewis added that anyone who wants to switch their SIM cards can keep their current mobile number by texting PAC to 65075 free of charge.
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https://www.nationalworld.com/lifestyle/money/martin-lewis-tells-mobile-phone-users-how-to-save-hundreds-on-bills-with-simple-tip-3539054 Martin Lewis shows mobile phone users how to save hundreds of bills with a simple tip