No easy out on cellphone contracts. Consider prepaid.
Mitch Lipka writes: When it comes to the business of contracts for wireless phone service, consumers often find themselves struggling with the consequences of a two-year commitment. It’s a commitment that can be broken, but at a steep price. Consumers sign these contracts with stiff terms because they get rewarded with big discounts on the latest and greatest phones. Getting a deal that requires a contract means being bound by an agreement that could cost hundreds of dollars to break.