There is no hiding from compulsory fees and taxes; however there are fees that you can avoid paying if you are aware of what to do. Here, we give you some tips to save money on those un-necessary parts of life.
ATM’s can sometimes charge you up to $2.20 for your transactions. Instead of being stung, be prepared and try to withdraw money before you are stuck for cash. Use your banks ATM to avoid paying, and when possible get cash out at the store.
Credit card interest fees
When you buy items on your credit card you are paying extra for them by accruing interest on top of what you paid for them. The problem being that you get nothing in return but fees. This takes you further into debt. The solution is to cut up the card and use money you already have to make purchases.
It may surprise you that some sellers use shipping fees to make a profit. Where possible try and purchase from places that offer free shipping and returns and always look for coupon codes before you purchase. If you are buying from a smaller seller, you can always try to negotiate the cost for a discount.
Some gyms will charge you not only the monthly rate, but also for the initial processing fee. Make sure you shop around, wait for deals, look for coupons, or negotiate here as you will avoid the initial fees if you sign up at the right time.
Some parking fees are unavoidable, however if there is free parking close by why not walk a little bit to save the extra cash and gain some exercise.
Keeping tabs on your accounts ensures that your payments do not run late. Where possible set up direct debit so you don’t have to think about it. If you do miss a payment, call the service and apologise as you might be able to get your fee waived. It is always worth a try to get past the fees.
Don’t let your laziness cost you money. Check your account statement and make sure that no money is coming out for subscriptions you are no longer using. If you don’t use the subscription anymore, cancel it and save yourself the extra cash.
The bottom line
Whilst it is unavoidable to face some of your fees, you can easily cut out the others if you are well prepared. Even some extra here and there will help you build up your wealth a little bit more and put towards a better cause such as your debts.
Source: Yahoo Finance