The Benefits of Being on a Shared Time Plan (cell phone)

Posted By on February 14, 2018

We’re currently living in an age where it’s nearly impossible to carry out day-to-day tasks without a cell phone. Cell phones are used to not only keep up with friends and family, but also pay bills, set up reminders, check email, monitor bank accounts, and so much more.

In an age where having a cell phone is more crucial than ever, it’s a good idea to at least make the most of it. If you’re wondering whether you should make the jump to a shared time plan with others, these are four undeniable reasons to do so.

1. Saved Money and Time

When one individual signs up for a phone plan, they are usually responsible for setup fees, line fees, the entire voice/data plan rate, and the cost of their phone. On shared time plans, these costs can be shared amongst the members of the plan. For example, each person doesn’t get a separate data plan on a shared time plan. Instead, data pool is shared among the members of the plan. This is just one of the many ways in which money is saved for all parties on a shared time plan.

2. Ideal for Bad/No Credit

For those whose low/nonexistent credit scores bar them from setting up a plan of their own, a shared time plan is the solution. On any given plan, there is an account holder, and he/she can add lines or other members to the account by just adding extra lines. Credit checks are not carried out for new lines, so this makes a shared time plan ideal in these types of situations.

3. Rollover Data

Time shared plans tend to accrue lots of rollover data. One of the primary reasons is that, in many cases, one or more of the plan members will likely not use all of their “share” of the data plan. Over time, this results in data rolling over and becoming available for use even in future billing cycles.

4. Shared Upgrades

Lastly, device upgrades can often be shared or given to other members of a plan freely and without penalty. Things happen in life, and there’s no guarantee that the phone you’re using will withstand the terms of its contract (which is often a 2 year time span). Shareable upgrades are a big help to those who need new devices, but aren’t yet eligible for upgrades. In these cases, those who still have working devices can share their upgrades with other members of their shared time plans.