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Can I save money by switching to a no-contract cell provider?

cell-phone-boothEach week or so, our Dear Penny column investigates the answers to reader questions about saving money in Brooklyn. Send your stumpers to DearPenny@brokelyn.com.

On purely economical terms, yes, make the switch. The idea behind no-contract providers is that they offer unlimited talk, text and web for one flat monthly fee. Metro PCS ($40), Cricket ($40) and Sprint’s offshoot, Boost Mobile ($50), are three of the big names, and they constitute a real savings over both alternatives: pay-as-you-go phones, which have added charges for basic services; or annual contracts, with their hefty monthly fees. But the money’s not the whole deal in the contract/no-contract debate. A few equally important issues, like service area and phone quality, also should play a role in your decision. Read the rest of this entry ยป