Recode, a technology news site, has published a survey asking respondents what they’re saving on their phones, and it’s interesting to see how much the budget smartphone segment has shrunk over the past few years.
More than three-quarters of respondents have cut their monthly payments in half or less, and more than a third say they’re cutting back on the cost of accessories, which has increased by 25% or more over the last five years.
The biggest cut is for phones that have 4GB of RAM, which are often the first choice for many, but have been hit hard by competition.
The median price of a 4GB smartphone fell by over $100 over the course of the year, according to the survey, which also found that more than half of respondents are upgrading to a 4G smartphone, with Samsung leading the way with the fastest increases.
Apple, Samsung, Google and Huawei are also leading the pack with the biggest declines, while Nokia’s market share has dropped by nearly one-third.
As you can see in the chart below, the median monthly payment for smartphones with 4GB RAM has dropped from $6,200 to $3,600 over the years.
The survey also found an increasing number of consumers are cutting back at the expense of their smartphone accessories.
When it comes to the most expensive smartphone, Google Pixel XL, respondents were saving $3 per month on their smartphone over the previous year, while Apple iPhone XS and iPhone XR were the least expensive.
Samsung Galaxy S8+ was the least costly smartphone, at $1,900, and the HTC 10 was the second most expensive, at around $1.7 million.
But for most smartphone buyers, the cost savings are offset by a higher price tag, so the survey found most of the time, it’s a good idea to keep your smartphone in your wallet.
And if you’re not ready to cut out the middleman, you can still get a better deal with Samsung and Huawei phones, which typically sell for $1 million or more, and Apple phones, where prices typically go for around $700 or less.
The bottom line: it’s probably a good time to get a little budget smartphone.
Apple’s iPhone X was the most popular smartphone among respondents, followed by the LG G6, Google Nexus 6P, and HTC 10.
Samsung Galaxy Note 10, HTC U11, and LG V30 are the most affordable, but if you really need a smartphone with more RAM, Apple’s iPhone 8, LG G5, and Google Pixel 2 are also good choices.
Read next: 10 ways to save $100 in just three weeks