Prepaid cell phone plans are ideal for small business owners looking to save on occasional cell phone use, avoid contracts and overage fees, by purchasing minutes or units on a pay as you go basis.
If you go beyond the allotted miles, you will be charged extra money for the overage, perhaps up to 25 cents or more per mile, which can add up quickly.
However, they remind you to allow for at least a 10 percent overage because usage varies depending on the size and shape of the room.
If you go beyond this, you can often carry the overage into the next tax year for up to approximately five years.
Over Limit Fees: $29 plus 24.99% APR on overage balances.
Overage fees can be very expensive, however.
A perfect look if you prefer more overage.
Worse, if the minutes run out, and all family members aren't notified right away, they can end up running up severe "overage" charges in the hundreds or thousands of dollars.
Read on, and find how you can be economical, save a few bucks, and use your plan to its fullest while avoiding overage charges.