In Today’s Podcast we cover:
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
Links from the show:
Mint.com
USAA
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