<prompt> Human: Going through our finances together, the wife and I decided that we really need to cut back on our bills and spending. We are living paycheck to paycheck when we shouldnt be, and we wanna get ourselves out of that hole.We currently have Verizon paying at 190, for unlimited and 2 iPhone 8s64GB.We saw ATT now has a program for all first respondersand military that cuts 25 of the bill. However, T-Mobile has a plan for 50 for all first respondersand military. We would like to switch, but we both still owe half of our total for the phones and are only a year into the contract so we would have to pay cancellation fees.Tmobile will only pay for one or the other on each line, so I would still end up with a 600 bill to cancel Verizon. Is it worth it, in the long run, to cancel and make the switch?EDIT: Thanks everyone for your input. After just a few comments my wife and I realized it would be dumb to not to switch.  <response>: If you think of it as just paying the phones off all at once rather than in installments, youre getting a better deal switching. 