10/05/2012 01:57 pm ET Updated Dec 06, 2017

Uprade Your Phone For Less!

You're excited to get the hot new cell phone... but your phone is pretty much out of date before your contract is up! Getting an even newer I phone is out of the question and can cost you as much as $800! Did you know that you can get a newer cell phone for less?

Here's today's Money mentoring Minute:

Auction sites like Ebay can save you hundreds of dollars on a newer or reconditioned phone!

I paid 50 percent of the retail price for my new Samsung Galaxy S2.

But here's the bigger tip:

Before clicking the "Buy it now" button, Ask the seller for the phone's identifying number to make sure your new phone is clean and not stolen! or tweet your question to @EbongEka