Verizon Says Goodbye to the Two Year Contract Plan

Say goodbye to the two year wireless phone contracts. Verizon Wireless has announced plans to replace them with options to fit each customer.

Just like buying clothes to fit, beginning August 13, you'll be able to pick the plan that fits you:

•Small: $30/month for 1GB of shareable data
•Medium: $45/month for 3GB of shareable data
•Large: $60/month for 6GB of shareable data
•X-Large: $80/month for 12GB of shareable data

Each data option comes with unlimited talk and text but extra data will cost you $15 per GB. You'll also be charged a $20 'monthly line-access' fee.

With the changes, Verizon will no longer offer discounts on phones. You'll now be paying the full price.

How much will 1GB of data get you? It depends on how you use it. 1 GB will cover 34,000 emails or 51 hours on Facebook. Use the mobile data usage calculator to find out what you can do with your internet allowance.

"Customers said they don’t want to have to do a lot of math to figure out their best options, and we heard them,” said Rob Miller, vice-president of consumer pricing for Verizon Wireless. “A plan with small, medium, large and x-large choices makes sense for the way people actually use their wireless service.”

Current Verizon customers will see a more streamlined bill over the next few months, making it easier to understand monthly charges.

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