Black Friday is known for its epic tech deals, but why shell out cash when you can get stuff for free? Or even for profit?!
This year, several retailers absolutely will drop the prices of smartphones from $200+ to, well, free. Or even below free. With some of the gift card deals out there, you'll be able to pick up a brand-new phone and pocket $20, $30, even $100 in cash. Sounds like a good time to buy, right?
A word of caution—none of these phones are really free. All of these deals come with a stipulation: You will have to sign a new two-year contract, which means a decent-size monthly bill for the next two years. Additionally, since these are all smartphones, you'll have to pay for calls and data.
That might not be an issue if you have a shared-data family plan but, if you open a new account, you should expect to pay at least $80 per month, or about $1920 over the next two years. Also, if you break your existing contract to buy a new phone, you'll pay an additional fee.
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