22 min listen
008 | Avoid Bank Fees at All Cost
FromChooseFI
ratings:
Length:
16 minutes
Released:
Jan 30, 2017
Format:
Podcast episode
Description
008 | 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
Released:
Jan 30, 2017
Format:
Podcast episode
Titles in the series (100)
001 | ChooseFI Podcast: A Finance Podcast for the Middle Class: Introducing a Finance Podcast by FIRE for FIRE In Today’s Podcast we cover: - Welcome to Choose FI’s first podcast from Jonathan Mendonsa and Brad Barrett What the ChooseFI finance podcast is all about: - by ChooseFI