Updating smart phone/new contract

Just to for begin, I'm not exactly up to date on new phones (my wife and I's current phone is the blackberry curve which we've had for three years been with Verizon for 8) I saw a deal for the new Galaxy S3 FOR 149.99 each on a different website and got incredibly curious about updating and extending my contract. Right now I have the unlimited data plan. Would I have to change my plan with the new phones? And, if so is the 4 gig plan okay for use/ I checked our usage now and it looks to be about a gig a month between the two us but with new phones being able to do much more I'm worried about usage.

You'll just have to decide for yourself what's most important.  The rumor mill says that all unlimited data will end the end of June 2014 when everyone that's currenly on that plan is then month-to-month (i.e., off contract), but who knows?
If you kept your current calling plan and just added a tiered data plan in place of your unlimited plan, then each line's cost would be $30 for 2 GB, $50 for 5 GB, and $80 for 10 GB.  If you switched your entire account to a Share Everything plan, you'd have unlimited minutes and texts, and both lines would share a pool of data, plus you'd have unlimited hotspot (although it also takes GBs out of your data pool).  On that plan, you'd be charged $40 per phone, so $80, plus whatever data package you chose (1 GB = $50, 2 GB = $60, 4 GB = $70, 6 GB = $80, 8 GB = $90, 10 GB = $100).
If you want to keep your unlimited data, you'll want to purchase a phone(s) from somewhere like ebay or a private party (just ensure that the ESN/MEID is clean and that the phone is Verizon branded).  Again, if you sign a new two-year contract either through Verizon or a third party like Best Buy, you will lose your unlimited data.  And if you aren't aware, this spring Verizon also implemented a $30 upgrade fee; that fee isn't required if you purchase your phone off ebay or from a private party.

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