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How to not be phone-less for $5 or less a month

Back in the day people used to share phone numbers, there was one land line and it didn't extract a small fortune monthly from your paycheck. But communal phone lines have more or less died with the rise of the cell phone. Now a days its not uncommon for people to pay 100$ or more a month for their connection to the world. But what if it was possible to have your own phone with unlimited texting and long-distance for only 5$ or less a month?