The New Killer of the Family Budget
So you agree that your family budget is really being stretched or maybe it’s already snapped. This may not come as a surprise to many individuals, but the newest killer of the family budget is the monthly cell phone bill. When I first realized this, I found it hard to believe. But after much research, and talking with friends, I discovered that this was true.
The cell phone bill(s) has now become number 2 in size, right after the mortgage payment. That fact blows my mind. What is so important that needs to be said, that justifies cell phone usage of this magnitude?
I just heard of one young lady who paid her final telephone bill, and for the year, the twelve bills total $4,105.00. To make matters worse, she earns a little over $30,000.00 per year, and doesn’t use her cell for business. Fourteen (14%) of her salary was spent on her cell phone, and now she wonders why her credit card bills are so high and the family budget strained.