With no-contract carriers, you pay by the month and can drop the plan at any time. Depending on what's happening in your life, this can save you money and aggravation.
In the past, most prepaid phones were frankly lame. If you wanted a top-of-the-line iPhone or Android you had to get married to AT&T, Sprint, Verizon or T-Mobile.
The prepaid playing field has shifted significantly now that Google has begun selling a contract-free Galaxy Nexus, and the iPhone has made its way to major prepaid providers.
The long-term cost-savings of these phones and month-to-month plans are very compelling. If you can afford the full, upfront price of the smartphones, you can save hundreds of dollars over the life of a typical two-year contract.
Let's launch the calculator app and take a closer look.