Life Kit Never Pay An Unnecessary Fee Again
21 snips
Apr 29, 2019 Learn how to escape the trap of excessive bank fees and credit card interest. Automation can save you stress—set your bills on autopay! Overdraft protection can be misleading, so link a savings account instead. Establish a buffer savings account for emergencies, and talk to your employer about wage advances when needed. Consider balance transfers to tackle high-interest debt—but always read the fine print. Financial freedom is about happiness, not just saving, so embrace smarter strategies for a more secure future!
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Banking's Unequal Playing Field
- Banks profit differently than other businesses, with some customers paying excessive fees while others bank for free.
- Those paying high fees subsidize those who avoid them.
Automate Bills and Credit Card Payments
- Automate bill payments to avoid late fees.
- Set up autopay for credit cards in full each month, not just the minimum.
Overdraft Protection
- Avoid overdraft fees by linking checking accounts to savings.
- Alternatively, use a line of credit, but repay promptly to avoid high interest.