Bank Fees and fees generally are the financial equivalent of death by a thousand cuts. AVOID THEM – Here’s how.
- Don’t piss off the accountant: Bank Fees
- Americans spent $32 Billion in overdraft fees in 2016
- Bank accounts and credit cards should be financial tools you use for free
- Overdraft fees mean you have no money and the bank is loaning you money for $35 at a time
- If you don’t have $1,000 in savings you have an emergency
- Jonathan had one overdraft in 2016 but his system for putting it on a credit card avoided a fee
- One fee leads to another. Come up with an action plan to avoid them
- If you get hit with a fee, call your bank to ask them to waive it
- If you threaten to leave your bank over a fee, they will almost always waive it
- Determine if you need a local branch for your bank to save more money
- If you’re getting hit with any fees, you need to sit down with your banker to come up with a plan
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