Mobile phones have become an intrinsic part of the lives of a very large number of people, with ownership and usage ever increasing. Through a select review of literature, and with the help of findings of a field study involving randomly chosen college students in Goa (India), this paper brings forth insights related to mobile phone usage among students. Chi-square analysis has been done wherever appropriate. In spite of its limited scope, the field-study brings some interesting findings such as: (a) boys spend significantly more on mobile phones (usage bills) than girls; (b) students from self-financed programmes spend significantly more on mobile phone usage bills as well as on internet every month than students from government–aided programmes; and (c) Muslim respondents play significantly fewer games on mobile phones as compared to Hindus and Christians