One of the things to look at is just what type of phone will you be using. Some of the no contract plans have you buy the phone up front and then just pay a monthly fee.
I have a Virgin Mobile plan and wanted a smart phone so I went with their no contract plan. I bought an Apple iPhone 4S (16g) for $385.00 and pay $30.00 a month for service. Now you get 300 minutes per month and I will never use up that many minutes.
In the cell phone business you either sign up for a contract plan which you are paying for the phone over a 2 year period with interest but it is not called interest but really is. Or you can pay for the phone up front and then a monthly service charge to use the phone service. The industry would have a fit if they had to disclose the interest rate they are charging for their phones.
Hope everything else is well with the family.
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