How does a 2 year contract work for At&T?

I want the iPhone 5S and I'm just waiting for the price to settle down (discount). What's a 2 year contract? Do I have to pay a lot each month? Especially if I don't want unlimited?

A 2-year contract means you agree to keep services with At&t for 2 years. Cancelling your contract before the two years is up can mean cancellation fees.

how much you pay each month will depend on the plan you go with. All smart phones will come with a data package of some kind as well. You need to determine how much you will be talking, txting and using the web with the phone to find the right plan for you.

A contract phone generally does cost more per month than a pre-paid phone.

once your 2-year contract is up, you can continue with your plan month-to-month- or re-new into a new contract.