What plan to go with to save $? Want to upgrade, but cannot yet.

I want to get a smartphone, but I'm currently on a 2 year contract with 2 basic phones. My wife really could care less about a smartphone, but I'd like one just cause of what it can do. One major thing is the extra data charges I'm sure I'd rack up.
So what would be ideal to lower my bill. Currently I'm paying like $120-130 a month for 2 phones, unlimited text and 700 minutes which we barely even use them. It's lowest amount to get for a shared plan.
Is there anyway to get out of my contract. I'm literally stuck with this basic phone til February 2015. I'd imagine I'm stuck since I will not pay a fee to cancel.
Just really want to see if any way I can get around this or am I stuck til my contract ends. Would going without a contract be best for saving $? I've even considered switching carriers but Verizon seems to have best coverage and prices. Despite them not being too good with discounts or doing anything for me. I've been a customer for several years and never gotten a break from them. Never a discount on an upgade or accessories. Just somewhat ridiculous.

You can get out of your contract by paying an Early Termination Fee of $175 minus $5 for each full month that you've completed of your contract (per phone line).
You could look for a gently used smartphone on ebay or swappa (just ensure it's Verizon branded with a clean ESN) or pay full retail price for a new smartphone and activate it on your line.  Your plan wouldn't change, but you would have to add a data plan (i.e., $30 for 2 GB monthly).

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