September 12th, 2012

How to Save Money on the iPhone… Lazily

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save money on the new iphone 5

**Welcome to Self-Improvement Month here on the Credit Karma Blog! Today’s guest post is contributed by Lazy Man and Money.**

If you’ve been following the news, you may have heard that Apple is coming out with the iPhone 5. Like the previous iPhones, people will line up around the block and millions will be sold in the first weekend. Most of those people will sign on for 2-year commitment to a cellphone plan that will cost them around $100 a month.

In the interest of self-improvement month, perhaps it’s best to exercise a little frugality and use the savings on an appreciating investment like your 401k, Roth IRA, or even paying off your mortgage early.

I know what you are thinking, “But I love my iPhone. It’s so pretty. I actually use it for lots of useful things and some of them save me money!” Fair enough. Even though I think some Androids give you the same amount of value for the money, we can work to get you a cheap iPhone.

How to Save Money on the New iPhone

Over the last few months a few pre-paid mobile companies such as Cricket and Virgin Mobile have started offering the iPhone 4 and 4S. There are rumors that Boost Mobile will be joining them as well. These lesser known carriers offer consumers tremendous savings. On Virgin Mobile, someone who can get by on 300 minutes will pay only $30 a month if they get an iPhone. The catch is that the iPhone 4 itself will cost between $550 and $650 (depending if you get the S model).

If you opt for the $650 iPhone, the phone and the service will only set you back about $1370 (or $57 a month). Similar plans on Sprint, Verizon, and AT&T can easily run around $2000 or more. I don’t know if the iPhone 5 will be out on available for the pre-paid carriers. If they aren’t available, are the new iPhone 5 features really worth nearly a thousand dollars to you?

The Final Word

Perhaps saving a few dollars a month on a cell-phone plan wasn’t the dramatic self-improvement advice you were expecting today. I am a big believer in making big changes through tiny steps. See what I did there? I snuck in an additional self-improvement tip for you, while being secure enough in my manhood to reference an article on

If you enjoyed this article and are looking for other painless ways to save money, here’s a list of Five Minute Financial Fixes. You’ll learn how to eliminate the cost of renting your cable modem and your home phone line.

This article was written by Lazy Man and Money, who has been a personal finance blogger since 2006.

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Disclaimer: All information posted to this site was accurate at the time of its initial publication. Efforts have been made to keep the content up to date and accurate. However, Credit Karma does not make any guarantees about the accuracy or completeness of the information provided. For complete details of any products mentioned, visit bank or issuer website.


  1. Not helpful

    Anon at 10:14 am on September 12, 2012
  2. this wasn’t anywhere near helpful.

    anon 2 at 6:09 pm on September 15, 2012
  3. Thanks, but I got absolutely nothing useful from this article.

    LR at 9:06 pm on November 2, 2012

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