8 Great Benefits of Young Adults Switching to Prepaid Phone Plans
If you’re like most parents, you have phone reluctance when it comes to your kids. Diving into the world of phone plans too quickly can backfire because a monthly plan is a big commitment. There’s actually a way around getting locked into a phone plan for your child. Millions of parents choose prepaid phone plans. Here’s a look at eight benefits of switching to prepaid phone plans.
1. Affordable
Prepaid phone plans often cost just a fraction of the price of traditional plans. That means that your family’s budget doesn’t have to get stretched just to be able to keep your young adult connected. In fact, the price is often low enough that a young adult can pay for it.
2. Great for Teaching Responsibility
The truth that most people don’t think about when signing up for a phone plan is that the decision can have lasting financial repercussions. Missing a payment on a traditional phone plan because the cost is too high can damage a young person’s credit score. While a single missed payment may not seem like a big deal, the dip in a person’s credit score can impact their ability to purchase a car or home down the road. If a parent has their name on the bill, their credit score can also take a hit.
3. No Credit Score Needed
For young adults signing up for their first phone plan on their own, prepaid plans have a low barrier to entry. There’s no need to have a credit score or strong credit history to qualify. Signing up is quick and easy.
4. Extra Flexibility
Life is always changing for young adults. Whether they are moving abroad for a semester or moving to a new city for an opportunity, they may not need the same phone plan that works today six months from now. Even the major mobile carriers don’t offer flawless coverage anywhere in the world. That means that it’s often necessary to change plans when changing locations. The problem is that traditional phone plans lock customers in for one to two years. Unfortunately, that means that getting out of a plan when there’s a change in life is nearly impossible without losing money. In most cases, customers must “buy out” the remaining time on their plans. This can be even more expensive than the actual cost of sticking with the plan. With a prepaid phone, customers can simply renew their plans on a month-to-month basis.
5. Customers Choose Their Own Technology
Prepaid carriers generally allow customers to bring in any phone they want. While some compatibility rules do apply, customers are able to source used phones or discounted phones instead of paying full price for a new phone when signing up. This takes the burden off a young adult who simply wants a phone they can use without worrying about the cost of replacement.
6. All the Same Features Are There
Prepaid customers enjoy all of the same messaging, data, and media tools as customers connected to traditional networks. For parents who want the ability to safely track their kids, prepaid phones offer all the same technology as phones connected to traditional carriers.
7. The Whole Family Can Join
Many parents who investigate prepaid phones for their kids soon learn that switching over could actually benefit the whole family. When compared to pricey family plans, individual prepaid plans can save the average household hundreds of dollars per year. Parents can even shop around among different prepaid carriers to find the best value.
8. You Can Bring Your Current Number With You
There’s no need to worry about losing your phone number if you leave a major carrier. Many people don’t know that prepaid phone plans actually allow you to carry your current phone number over. In fact, you can take your number regardless of how many times you switch between different prepaid carriers.
