The total cost that you spend on the contract is very important. Get to know how much money you will have spent by the time the contract ends. Often, you might think that the total cost is in you favor only to find out otherwise. Therefore, understand your needs and make sure that the total cost of the long run is not more than what you actually spent. Contract phones can be tricky and understanding the overall cost can be a headache. However, finding out exactly how much you are paying can end up saving you a lot of money.