It's about time to renew my plan. Both of my kids (ages 17 and 22 yrs old) use prepaid. They have unlimited everything for $50 per month. I have a plan and pay $125 for 300 minutes, unlimited text and data plan. I don't even use 300 minutes a month in talk time and most months it just rolls over (AT&T). I'm not sure I want to sign up for another 2 year agreement as I have for many, many years.

Do you have a prepaid or a plan? What are the pros and cons?

Plan. I got the cheapest one since I rarely use mine, it is always opened when I am out though in case.