Cell phones, especially smartphones, can really put a dent into your monthly budget. In fact, we recently pointed out that the new iPhone costs as much as a student loan over the course of ten years. Because of these high costs, it’s important to look at ways to save. Depending on the specifics of your financial situation, you might consider getting rid of the smartphone altogether or using it but cutting out other services from your budget instead. Our financial expert, Thomas Nitzsche discusses these strategies in more detail in the video below.