Currently, 14 million individuals could potentially save around £100 per month on their fixed costs by optimizing their phone and broadband contracts. Martin Lewis warns consumers about mid-contract price hikes of 8% and urges those who are out of contract to consider switching providers.
Mobile phone users who have paid off their handset may be overpaying on their monthly contracts. Switching to a SIM-only deal can significantly reduce costs, with some saving over £500 annually. To determine eligibility for switching, text ‘info’ to 85075.
For broadband, unless a household requires high-speed connectivity for multiple devices streaming HD video or downloading files, lower-cost options may suffice. Consider switching providers if paying over £30 monthly out of contract. It’s recommended to use comparison sites to find the best promo deals, as they typically offer incentives like Amazon vouchers to attract new customers.
Remember, there are only four major network providers in the UK, so check online tools to determine alternative providers with coverage in your area. By following these tips, consumers can substantially reduce their monthly expenses on essential services like phone and broadband.
