At Walmart you can save big bucks on everything from toys to toilet paper, now add crazy cheap cell phone plans to your shopping cart.

The retailer, in partnership with TracFone Wireless, has just announced their Straight Talk service, designed to give people a dirt-cheap plan with a ton of minutes and the ability to use popular features like data and text messaging as much as they want.

For just $45 a month you can use their Unlimited service, which offers unlimited talk, text and data Nationwide anytime, and calls to 411 at no additional charge. Or for just $30 a month you can get 1000 minutes, 1000 text or multimedia messages, and 30 MB of data transfer for data phones.  There are no contracts, bills or hidden charges.

That’s one hell of a deal by any standard in the mobile phone business.

Last month Sprint made a splash with their $70 a month “Any Mobile, Anytime” plan that offers unlimited mobile-to-mobile calling with data, text, e-mail, GPS navigation, and MMS.  This was a great value when announced, but this deal from Walmart takes Sprint’s offer to the woodshed.

The biggest downside to this offering is the pitiful choice of phones.  But if you’re not looking for a Blackberry or the latest Android-powered hotness, you can cut your cellphone bill in half or more through Walmart.  You can even port your existing number over to their new service.

Even if you are under contract with another cellphone company, paying the early termination fee may be well worth it to save $50 a month or more starting right now.   And as always, that money you save shouldn’t go to your party fund, but used to pay down those bills.

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