I had been considering changing my personal cell phone plan from a monthly plan to a pay-as-you-go plan. I do not use all the 200 anytime minutes in my plan and consider it a busy month to reach 200 total minutes usage. I received an 8% discount because of the company I worked for, but I was still paying almost $40 a month. However, when I called Verizon Wireless about converting to a prepaid plan, I was informed it was not possible to keep my phone number. This was important enough to me I needed some time to think about how to proceed. (I had the number for 7.5 years.)
In the end, I decided that I would rather cancel my service than juggle two cell phones even if one was a prepaid plan. So, I have until April 20 until my personal cell phone service runs out.
However, there was an issue with canceling my cell phone plan: Roadside Assistance. I had added a roadside assistance option with my cell phone plan that cost me $2.99 a month. I thought this was good insurance for any potential issues that arose and added up to less than the $54 per year for a AAA roadside assistance policy. However, I was eliminating a $40 per month bill for a $54 per year out of pocket expenses. I signed up for a AAA roadside assistance plan and canceled my cell phone plan the next day.
So, by removing my cell phone plan as a monthly expense, what do I plan to do with the extra money? After some thought, I decided to break the $40 down as follows:
- $10/month goes to savings
- $10/month goes to house savings
- $10/month goes to car savings
- $5/month goes to my AAA yearly fee
- $3/month goes to farm savings
- $2/month goes to charity savings
Having a work cell phone is all new to me so I plan on being conservative in my usage. However, it benefits me by giving me a way to contact people in case of emergency and saving money from my income. Even if I do not receive a raise, this is a way to cut my living expenses at least until they take my new iPhone away!