While many college students have completely gotten rid of their home phone, for those who use their home phone, the cost can really add up. Many college students spend huge amounts of money on long-distance telephone bills to talk with friends and family at home. New VOIP technology and the internet will allow individuals to avoid most of these types of expenses. There are numerous VOIP technology providers you can learn more about using the links below. Skype, one of the providers, costs only $2.95 and gives you unlimited calling to all cell phones and landlines in the US and Canada. A 20 year old who decided to use Skype service at a cost of $2.95 instead of paying the average amount of $500/year could have over $830,000 by the time he/she retired. Use the links to see how you can begin saving today.

1. http://www.voipnow.org/2007/04/want_free_voip_.html this site provides a listing of the ten most frequently used VOIP phone systems. It provides free trials and discounts for many of them, allowing you to try them without any risk.
2. http://www.skype.com/allfeatures/subscriptions/?region=uscanada&ver=d#mexicanSubscriptionTab is the site that is referenced in the paragraph above. You will see that you can sign up and make calls to over 40 countries for only $12.95/month.
3. http://www.fcc.gov/voip/ provides a great information resource from the Federal Communications Commission that will help you learn more about VOIP phones. 
4. http://www.google.com/voice allows you free calls and texts anywhere in the United States and low rates on international calls.