We have all seen the advertisements the shout out FREE CELL PHONES! Well a famous economist once said that there is no such thing as a free lunch. Now I will tell you that there is no such thing as a free cell phone. Yes you heard right, cell phones are not really free. In fact, companies use the term free to persuade customers to sign long-term contracts for cell phone service. Is the phone really free if there is a catch? NO, you just end up paying for it over the term of the service contract that you are required to sign.
Another reason that reduces the value of the free cell phone is the fact that many of the free cell phones are usually the older models that the service provider could not sell. You will notice this one you get the cell phone and find out that it is a less than desirable phone. Nevertheless once the contract is signed, you are stuck with the cell phone you received. If there is a need to purchase a replacement phone, it is usually going to cost.
Many cell phone users have found themselves in a contract they cannot wait to end. However, most contracts are designed to serve for two-year period. It seems that these contracts are...
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