Bigger Cellphone Budget

In just ten years cellphone have changed dramatically, not only have cellphones themselves changed but so have the prices of the phone as well as the cellphones bills. Cellphones are now used for a lot more than just for making calls, smartphones now can perform multiple tasks, such as:        

•       Surfing the internet
•       Texting
•      Watching Videos
•       Playing Music
•      Games

 According to the Bureau of Labor Statistics Americans spent an average of $210 for service per year in 2001, in 2010 the average cell phone service was more than $760 per year, that’s $63 per month.

That is a big increase, a 15% grow for cellphones, yet only a 2% for household expenditures.   

Cellphones have been growing significantly but what happened to landlines? Landlines have been decreasing at just a dramatic rate. People just don’t need a landline anymore, why would they when everyone is using cellphones; which can perform a lot more tasks.

The bottom line is that technology is growing at a dramatic rate and the prices with it. Spending on phone and services are rising, but household expenditures are not. So what is a house hold cutting down on?

 Is it worth it?

How much are you paying for your cellphone and service?

MSN Money