Life Kit Congress could allow banks to charge higher overdraft fees. How to avoid extra costs
May 21, 2020
Discover how to dodge those pesky bank fees and keep more cash in your checking account! Learn smart strategies like setting up automatic payments and maintaining a financial buffer for surprise expenses. Find out why a financial cushion is essential for stability, and explore proactive ways to manage credit card use and communicate with lenders. Ultimately, it's about achieving true wealth through happiness and freedom, all while effectively managing your finances!
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The Banking Game
- Banks profit from fees paid by some customers, subsidizing benefits for others.
- Those who avoid fees essentially bank for free, while others pay heavily.
Automate Payments
- Automate credit card payments to avoid late fees.
- Autopay ensures timely payments even during busy periods.
Overdraft Protection
- Avoid overdraft fees by linking a savings account or line of credit.
- This provides backup funds and prevents repeated $35 charges.