4 Cell Phone Lines for a Smart Financial Move

When it comes to managing multiple cell phone lines, many people are looking for ways to save money without sacrificing coverage or features. One clever strategy is to consider sharing data with others, such as family members or roommates. In fact, sticking with your parents' family plan can be a smart financial move.

For instance, the Chase Ink Business Cash Credit Card offers 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year (then 1%). Meanwhile, the Citi Double Cash Card allows you to earn 2% cash back on your cell phone bill, 1% on all eligible purchases, and an additional 1% after you pay your credit card bill.

By paying for your cell phone services with a rewards credit card, you can earn excellent kickbacks in the form of cash back or travel rewards. And if you're savvy about it, you can even put this money away in a high-yield savings account to build interest on top of it.

For example, a plan with four people will run each person $35 per person, without taxes and fees. This works out to a total cost of $140 per month, or $1,680 per year. Compare that to Verizon's 'Start Unlimited' plan, which charges $70 per person, without taxes and fees - a total of $280 per month, or $3,360 per year.

The more people you can get involved in your cell phone plan, the cheaper it becomes per person. And if you're not already sharing data with others, consider creating a group plan or joining one. With a little creativity and financial planning, you can save money on your cell phone bill without sacrificing coverage or features.

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