Verizon's new 'Just Kids' plan aims to become your child's first smartphone plan

A child's first cell phone is increasingly becoming an earlier, and pricier, decision for parents.

While each family has its own decision to make on when the appropriate time is for their child to get their first device, Verizon is hoping a new plan will make the choice easier on the financial side of things with its new "Just Kids" plan. FOSI CEO Stephen Balkam is quoted.