Saving & Spending
I saved money by NOT recontracting my mobile plan
By Retire by 50  •  November 7, 2016
Singaporeans typically recontract their mobile phone plans every 1.5-2 years for a new mobile phone. It’s the norm because mobile phones either don’t last that long, or the user experience gets really bad after a few Android/iOS updates. Not a great way to save money if you asked me. The last time I signed a contract with my local telco was at least 6 years ago when they were still offering 12 GB data plans on 3G network. Since then, I have always bought mobile phones at full price (or slightly discounted rates through friends) to replace damaged ones directly from mobile phone dealers. If you look at the costs of our mobile plans over the years, they are getting more and more expensive for the value they bring. Offering discounts for mobile phones to lock you in a 2-year contract with telcos is a good gimmick that secures telcos with recurring revenue bya one-off discount...  ...
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By Retire by 50
RetireBy50.me is a personal blog about my journey to retirement by the age of 50. At 31, I am a typical white-collar Singaporean who works regular hours in a job while looking for other opportunities to make more money during non-office hours. This blog will discuss the hits-and-misses encountered during my journey to free myself from the corporate rat race. Will I get there by 2033? Stay tuned.
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