Mobile phones are for one in four Brits something they cannot live without new research discloses.
If you are eager to control your mobile phone spending try investigating a pay as you go mobile to help manage your text and minutes allowance.
The research revealed 75 percent of British adults now use their phone for more than just making calls indicating the new craze of multimedia and social networking, Lloyds TSB showed.
Those who use these features place a higher value on their mobile, with over half using the cameras; around 50 percent the alarm clock; a third use it as a calendar; one in five uses the MP3 player function; 19 percent email, and 10 percent use the Satellite Navigation system.
“It is clear that we are all relying more and more on our mobile phones, and investing more money in them as a result,” said Jatin Patel, Lloyds TSB personal current account director.
“Insuring a mobile phone as part of an added value bank account is one of the simplest and most cost effective ways of ensuring that if you are unlucky enough to lose your phone; it will be replaced with minimal hassle.”
A third of people admit to having at some point either lost, damaged or had their mobile phone stolen and the average value of a phone is just under £85, though men spend more than women.
However, though many rely on their phones for more than staying in touch, nine out of ten mobile users do not have any insurance for it as three out four feel it is not worthwhile and two thirds are not prepared to pay for it.
Compare Pay as You Go Mobiles
If you are looking for an affordable way to manage your mobile phone bills compare pay as you go mobilephone offers. This enables a mobile phone user to top up their phone as often as they need to so they have more control over how much they spend each month; many pay as you go sim cards on offer also come with free minutes and texts.
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