Month: March 2018

How to save cash on your mobile phone

Mr HTSC recently changed mobile phone operator and mobile phone and it didn’t cost him a fortune. Here’s a comparison of the operator plans, both of these are sim only, month by month contracts. Once we’ve gone over this, we’ll get onto the actual phone.

Old plan

Minutes 500
Messages 500
Data 250MB
Cost Per Month £10

New plan

The new contract is with The Peoples Operator and is a rolling month by month contract.

Minutes 750
Messages Unlimited
Data 1.5GB
Cost Per Month £4.99

Now the comparison isn’t that difficult, not only does the new plan increase the number of minutes, texts and data, Mr HTSC gets all this for HALF  the price of the old plan.

As is customary on HTSC, let’s take a quick look at the numbers over a period of 1 year (cost per month x 12).

Old plan £120
New plan £60

And there we have it, Mr HTSC has saved himself £60 per year for 5 minutes work.

So you might be asking, how do I find these offers myself? Well Mr HTSC found this gem on the MoneySavingExpert website, within about 5 minutes of deciding it was time for a change. So it really didn’t take long to find.

As for the handset, having looked around at number of different models and deciding an iPhone is just too expensive, the only other option was to go for a Android device. Now, there are some interesting deals being offered by some of the big operators but Mr HTSC wanted to buy the phone out right, so after looking at few models, the Huawei Y6 2017 was purchased from Amazon.

It’s a great phone, with a battery life of around 4 days. I’m sure you could get more out of it if you didn’t occasionally look at nonsense on the internet. It is 4G compatible and comes with the ability to insert a micro SD card to increase the 16GB storage already available. The price for the phone is £99.95. Although £99.95 sounds like a lot, if you spread that out over the next 12 months, that’s £8.25 per month.

Time for a  comparison with a deal from one of the big mobile operators (freshly screen grabbed) for the iPhone X on a similar minutes, texts and data package.

A very costly mobile phone plan!

Here are the numbers in black and white.

Up Front Cost Monthly Cost Total after 2 years
Huawei Y6 + TPO sim only plan £99.95 (cost of buying the phone out right) £4.99 £219.71
iPhone X + Airtime plan £99.99 £62.00 £1587.99

After 2 years, which the iPhone X plan is over, the difference between the two is a whopping £1368.24. Now I don’t know about you but I certainly don’t need a phone which will take over £1000 of my hard earned cash out of my wallet unnecessarily.

Net Worth Update – February 2018

So it’s time to check up on whether HTSC’s net worth has increased or decreased in February 2018. I’m going to leave the previous years net worth numbers in these updates so we can see that (hopefully) everything is headed in the right direction. 

The HTSC portfolio can be found here and a round up of 2017 can be found here.

Remember only percentage values are being used as it makes no difference to you what the HTSC net worth target is.

Net Worth

Month Net Worth %
2017 2018
January 5.21 6.30
February 5.39 6.33
March 5.85
April 6.09
May 6.39
June 6.52
July 6.62
August 6.86
September 7.01
October 5.85
November 5.97
December 6.23

Again it’s the same story as January, the net worth increased (yay!) but not by much (boo!).

The reason that it hasn’t increased by much this month is because there was a sharp drop in the value of stock markets all over the globe. This meant that the ISA and SIPP in the HTSC portfolio dropped in value. Don’t worry, Mr HTSC hasn’t gone all frivolous and started spending money on items he doesn’t need.

In the January update, I promised you a sexy graph, sadly it isn’t as sexy as I’d like it to be but it’s a graph non the less.

Graph 1 – Net worth increase. As you can see, the bloody thing has flat lined so far in 2018.

No one said making your spare cash work harder for you was going to be plain sailing. There are going to be ups and downs. It’s about holding on tight and breathing slowly when everything is heading south. Shamelessly pilfered from Berkshire Hathaway’s latest annual report  (page 11) are these few lines of wisdom (pulled from Kipling’s If ) to bare in mind when things aren’t going well.

“If you can keep your head when all about you are losing theirs . . .
If you can wait and not be tired by waiting . . .
If you can think – and not make thoughts your aim . . .
If you can trust yourself when all men doubt you…
Yours is the Earth and everything that’s in it.”

Stay safe and warm folks! Over and out from a very snowy Scottish Borders.