Abacus Daily Debt News

Britons ‘paying more than necessary’ for mobiles

Many Britons are losing the opportunity to save money on their mobile phone contracts, new research has revealed.

A survey by moneysupermarket.com has found that over half of mobile customers do not anaylse their tariff when choosing a new contract, meaning many are paying more than is necessary.

According to the price comparison website, 55 per cent of adults with a mobile phone favour the latest handset or free gifts over a tariff that suits their needs, while 20 per cent have not renegotiated their deal for at least 12 months.

Manager of mobiles at moneysupermarket.com James Parker explained that the current economic downturn means it is "more important than ever" to be cost-effective.

"If people don’t look to get the most for their money … they could end up paying way over the odds for their mobile deal," he added.

Britons struggling with debt problems were recently urged by Fairinvestment.co.uk to use the new year to tackle their financial issues and increase their efforts to get debt free.

By Tom Musk