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Best Frugal Strategies for Getting the New iPhone 5

by on September 18, 2012

Although I don’t personally think it is necessary to get the new iPhone 5 if your current phone is in perfect condition, everyone has different circumstances and are entitled to buy as they please. Apple recently announced that they received over 2 million pre-orders for the iPhone 5 within 24 hours of announcing their new money making product, which is evidence that people are still convinced more than ever that t’s worth their money.

If you haven’t already placed your order for your new iPhone gadget, we have some ways to reduce costs and maybe even make a few bucks in the process of upgrading your Smartphone. Check out the best frugal strategies below!

Sell your old iPhone

You have many options when it comes to selling your old iPhone. You can hit up auction sites like eBay or Amazon or you could sell locally via Craig’s List. One of the newest websites that is giving cash for old iPhones is Gazelle, a company that buys old gadgets for about a third of their value. This Boston-based company offers a quote and then allows you to actually sell or pass. So far, Gazelle claims they have bought over 1 million iPhones! Now the downside to this is you may have to go a few days without a cell phone. Hopefully you have an old one you can temporarily use to bridge the gap between the few days of selling your old phone and receiving your new one.

Get a family Plan

If you are like most people who still have a year or more left on their contract and do not qualify to get the new iPhone 5 at the $200 price until then, consider adding a line to your plan. Consider someone who is trustworthy and reliable and who will either use your old iPhone or already has a phone they can link up to your account. Make sure to check with your cell phone provider to make sure this is feasible as not all phone providers follow these procedures.

Get a prepaid plan

Did you know that Virgin Mobile is offering a pre-paid plan for iPhone users for just $30 a month after a $5 discount if you set up automatic payments with your credit card? This could cut your monthly cell phone bill into one-third of what it is now, and in effect cover the cost of the new iPhone 5! There are three major pricing plans that you can take advantage of at Virgin Mobile. For the second option, you can pay $40/month and end up only paying $1,610 for two years compared to $2,400 (AT&T and Verizon) and $2120 (Sprint). That is a huge savings! If you are interested in this option, click here.

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From → Frugal Living

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