We all have bills to pay. Those bills provide us with stuff that we need and stuff that we want. But what about fees? Is there anything worse than paying fees? Here are three fees you should eliminate so you can keep a little more cash in your wallet…
Credit card fees: Is there any credit card that’s really worth an annual fee? Compare credit cards and try to find the best rewards or cash back card you can get that won’t charge you an arm and a leg just to have it. A credit card is a nice tool to have (especially if the rewards are really paying off) but make sure you’re not keeping a balance from month to month. Credit card interest isn’t fun. Pay those things off on time and in full each month!
Late payment fees: If you’re living paycheck to paycheck, it can be a delicate process to make sure every bill is covered on time every month. Paying a bill a few days late isn’t worth an added fee or a damaging hit to your credit report. Make a budget and save a little from the previous pay period so you can cover each bill when it’s due. Start saving and as long as you’re not spending more than you make, you won’t run into the same problem again.
ATM fees: It’s nice when you need cash to be able to use a nearby ATM, but what’s it costing you? If your financial institution isn’t anywhere close, you’re probably going to pay at least one fee when using another FI’s ATM. Remember to stop by your favorite branch on your way to your destination and get enough cash to cover your trip or night out. You can also get cash back from most retailers, so take advantage of that. If you find yourself in a place that only takes cash, get a friend to pay and Venmo them back.