4 Tips to Avoid Extra Fees
As soon as your paycheck comes in, many of us find ourselves spending most of it on rent, utilities, insurance, and other necessities. It can be hard to set aside money to build up your savings after paying your bills, especially when you get hit with extra fees. Stop losing money to extra fees by following these four tips.
Set up Autopay. Sometimes you forget to pay your bill on time. It happens to all of us. Avoid late fees by setting up autopay. This way, you never have to worry about forgetting your deadline.
Sign-up For Low Balance Alert. Set up a low balance alert with your bank so you get notified when your account hits a certain amount. This can help you avoid overdraft fees and is a great tool for managing your money overall.
Deposit Money the Long Way. Apps such as Venmo and Cashapp allow you to deposit money directly into your bank account. You can do so instantly or in 1-3 business days. Instant deposits come with a fee and take a small percentage of your money. Avoid the fees and choose to deposit within 1-3 business days.
Use Your Bank's ATM. Using an ATM outside of your financial institute will charge you a fee for you to complete your withdrawal. Avoid these fees by using an ATM that belongs to your bank or by getting cash back at a grocery store.
While these fees may seem small at the time, they add up. Keep your hard-earned money and avoid the fees. For tips and help with your finances, Contact AMJ Bookkeeping at 919-368-1877 today!
Source: https://bookkeepers.com/living-paycheck-to-paycheck-7-tips-for-avoiding-extra-fees/
