As the cost-of-living crisis continues to keep many people in Edinburgh and across the rest of the UK in its grip, Martin Lewis has encourage anyone with a mobile phone to follow one simple trick to save money.
People could save hundreds of pounds a year, just by sending two text messages, reports Yorkshire Live. Appearing on his popular ITV programme, The Martin Lewis Money Show Live last night (January 31), the expert said that texting these two numbers could slash your bills.
The financial guru revealed this important information as mobile phone networks and broadband providers are set to hit customers with large price hikes by spring this year. Martin urged viewers to act quickly to cut their monthly phone bills.
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Texting the first phone number will tell the person if they are in contract, and how much it would cost to leave. The second number allows the person to take their number with them to a different network if they choose to.
Martin told his audience: "Last week I told you broadband and mobile bills are going up 14% in April for most of the big firms. What I want you to do first is I want you to check if you're out of contract. Over 9 million of you are and are overpaying.
"What you need to do in most cases is text INFO to 85075 on your current phone. And that should tell you whether you have termination fees to leave your contract."
He then explained that those who do have fees will have to be patient, as they probably are unable to save money right now. Martin then added: "If you're out of contract there are actually some of you - outrageously and this should not be allowed - who got a contract with a handset and once you paid the handset off, they keep the price at the same level so you're still paying the with-handset price even if you're no longer using it."
Martin said that right now, there's an unlimited minutes and texts with 5GB of data deal for £3.40 a month. For 15GB, you can get £4 a month.
He said: "Most people are paying so much more than that. If you want to keep your number, text PAC to 65075 on your old phone, they will send you your PAC code and you use this with your new provider as a way to keep your old number. Of course you could use this as a way to haggle with your existing provider."
The money expert also warned previously that broadband and phone contract providers use inflation plus approximately four per cent to increase their annual prices - which is a legal entitlement they own.
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