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Saturday, February 21, 2009

Consumers Turn To Prepaid Phones In Economic Downturn

According to the New York Times more and more consumers are dumping their cellular phone plans for prepaid phones in order to save a few dollars. "Although prepaid phones remain a fraction of the overall mobile phone market, sales of the category grew 13 percent in North America last year, nearly three times faster than traditional cellphone plans, according to Pali Research, an investment advisory firm. For the first time in its history, T-Mobile has been signing up more new prepaid customers than traditional ones." Depending on your calling habits, prepaid phones might very well be the way to go, they certainly take the element of surprise out of the billing and can save you considerable compared to what you'd pay over the life of a phone contract.