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Good riddance to bad U.S. wireless service contracts

Bill Snyder | Aug. 25, 2015
Verizon and Sprint recently joined T-Mobile in the movement to kill wireless service contracts, and AT&T is likely to follow in the near future. For most consumers, that's a good thing, but a lack of contracts means you'll pay more for new smartphones.

T-Mobile ditched contracts two years ago, and like its competitors, the company has a variety of ways to upgrade to new smartphones.

The one sure-fire way to come out ahead financially without committing to a contract? Buy a cheap phone. If you don't need the latest snazzy iPhone or Galaxy, the carriers support significantly less expensive options. If you purchase a cheapie and hate it, you can always ditch it and buy something better when you have the cash.

 

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