Many people want to switch to a cheaper mobile plan, but worry about paying a penalty for terminating their contract early. Is terminating your contract early really the "best option"? It depends on how much time is left on your contract and the price difference of the new plan.
Generally speaking, if your contract has 6 months or less left, and the new plan can save you $100 or more per month, terminating early might be worthwhile. This is because the penalty is usually a percentage of the remaining monthly fees, which may end up being cheaper than continuing with the old plan.
However, each telecom operator has different contract termination terms. Some calculate the penalty based on the remaining months, while others have a fixed amount. Remember to read your contract terms carefully before making a decision.
Not sure what to do? WhatsApp us and we'll help you calculate which option is the best deal!
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