Can You Actually Pay for Your Phone?

It’s been said, that today, if our phones fall down, we panic. If our friend falls down, we laugh.

If you’ve ever dropped your cell phone, then perhaps you can Can You Actually Afford Your Phone?identify with that panic feeling!

Assurant is one of the world’s leading providers of mobile phone protection plans.

CEO, Alan Colberg, stated on Bloomberg TV that he believes his services are likely to surge in demand as carriers charge customers more to replace their devices because, “The reality is, half of Americans can’t afford to write a $500 check.”

He explained that customers choose to buy protection in case, “they lose that phone or something happens to it.” Translated, this means millions of Americans are paying more than necessary to insure and finance a phone that they can’t even afford in the first place.

ZeroHedge reports that average American household earnings are not keeping up with the costs for housing and childcare. Budgets are stressed and the ability to save is impossible for those living paycheck to paycheck.

However, we know that with God all things are possible. Perhaps it is time for the body of Christ to seriously examine needs versus wants. Something is wrong when people continually ignore what God stated in Proverbs 22:7, “the borrower is the slave of the lender”.

When asked how they would cover a $500 surprise expense, a Bankrate survey reported that the last thing respondents would consider cutting back on is their cell phone plans.

In other words, people would rather cut back on food than their phone plans!

Let me encourage you to keep your priorities in every area of your life, and especially your finances, in line with God's Word. Let's not be so focused on our phones, cars, or possessions that we are blind to the world and people around us. 


Chuck Bentley is the CEO of Crown, the largest Christian financial ministry in the world, founded by the late Larry Burkett. He is an author, host of My MoneyLife - a daily radio feature, and a frequent speaker on the topic of Biblical financial principles. Follow him on Twitter and visit for more help.


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