Uploads from The Compounding Project

Currently Playing: I Spent £1,200 on a Phone… Without Realising

If you're paying £50–£60 a month for a phone contract, it probably doesn't feel that expensive. But when you actually add it up, the total cost can easily reach £1,200+ for a single phone. In this video I break down why I’ve stopped upgrading phone contracts and switched to a SIM-only plan instead. It’s a simple change, but it completely changes how you think about spending money. When the cost of a phone is hidden inside a monthly payment, it’s easy to lose sight of what you’re actually paying. I share the real numbers behind my partner’s previous phone contract, why the monthly model makes it easier to overspend, and how breaking the upgrade cycle could save hundreds of pounds. This isn’t really about phones though. It’s about intentional spending, avoiding consumer debt, and building better financial habits so you have more options later in life. #phonecontracts #personalfinance #moneyhabits #simonly