You might have heard the words “April price hike’ being thrown about in the news, but what does this actually mean?
From April 1st millions of households will see their bill prices increase from council tax to mobile phone bills (some up by 20%) – which given the current cost of living crisis will hit people pretty hard. It’s important to note that the rises will vary from company to company.
Every April, mobile phone companies raise their prices in line with the rate of inflation – however the latest high inflation figures will leave a lot of customers feeling trapped – either forcing them to stick with their contract and battle the increase, or pay high exit fees. This ultimately means that now is a good time to run through your finances and check where exactly you can cut back and save money before these rises start to set in.
Although it’s perfectly understandable to feel worried during this time, there are in fact ways you can work with the rise and keep your mobile phone bills as low as possible.
Check Your Mobile Phone Account
In case you’ve missed the email or letter informing you of the exact price increases of your phone contract, another way you can check what your payment will be increasing to is by checking your account with your network provider. This might be an app or a generic web page that you’ll have to log into.
Consider Changing Providers
The effect the price hike will have on companies will vary. If you’re in a more flexible mobile phone contract for example a month-to-month contract or if you’re already towards the end of your contract, this gives you room to consider other network providers. Before switching over ensure you take a look at what the provider’s April price increases will be. If it ends up being cheaper then switch!
Consider Going On A Rolling Monthly Sim Only Contract
With rolling monthly contracts with flexible providers like Voxi and Smarty, these type of inflation-based rises won’t apply, and customers are easily able to switch or cancel without any exit fees. So if you already own a great handset, or you can get your hands on a cheap one (perhaps a refurbished phone), you can save yourself some serious money by opting for a sim only deal instead.
Read Your Contract
We know this might sound boring, but now this price hike has been announced it’s important that you know and read the fine print around inflationary increases so you know the ins and outs of what you’re on the hook for.
Although prices are going up across the board, fonehouse sympathises and still aims to cater to the needs of customers during this time providing them with affordable prices and fantastic handsets.