T-Mobile has new prepaid plan called Monthly 4G. In fact, go phones are cheaper if you don’t make a lot of phone calls and willing to pay for the phones are retail prices. The Unlimited Talk & Text & Data monthly plan only costs $70 a month while the exact same features requires $79.99/ month if you decide to take advantage of steep discount on phones. So, it’s $10 difference and you can save $240 on the Monthly 4G plan over the course of 2-year contract. Most of the smartphones cost over $200. Some of the advanced smartphones with dual core processor cost over $500 at retail. Do you want to shell that much money upfront just to save $240? Even if you can get the smartphone free out of pocket you will have to pay for Early Termination Fees if you cancel the service during the contract period. The typical fees range from $200 to $350. The 2-year contract plan has an obvious advantage over the TMobile Monthly 4G plan – better phone selection and cheaper upfront cost. On the other hand the monthly plan gives maximum flexibility – you can stop for one month and continue the month after.