Google Fi may sound like some weird sort of initiation ritual ("Whoa, what happened to Rick? I heard he got Googlefied!") — but if you can get past its silly-sounding name, the recently rebranded wireless service can both save you money and step up your smartphone security situation.

Make no mistake about it: Google Fi — known as Project Fi up until last week — is a pretty unusual proposition. And it absolutely won't make sense for everyone. If you fall into a certain style of smartphone usage, though, it can eliminate a lot of the downsides that typically come with a traditional wireless plan.

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