1. ATM Fees – Out and about and need cash? Avoid that out-of-network ATM machine — they cost, and from dual sources. Those fees, though negligible ($2.50 here, $1.50 there), can add up, so do yourself a big favor and carry at least $20 dollars at all times for emergencies. When you run low, replace it — at your own bank.
2. Gym Memberships – Gym memberships are often associated with contracts and auto-debits, but if you’re close to the end of your contract, don’t renew. Walk, play a sport, pay the one-time expense for a home video program and leave the gym life to those that can stick to a routine.
3. Late Fees – Bills have due dates. Abide by them. When you hold on to money that you’re gonna have to eventually pay anyway, you incur late charges. Pay the piper on time and save.
4. Online Bill Pay Fees – It’s convenient to pay bills online, but sometimes there’s a charge. It may sound a little archaic, but stop and use snail mail to pay your bills — on time. It will only cost you the price of a stamp.
5. Mail Order Movie Clubs – Watching movies at home is a great convenience, but not a necessity. Fight the temptation to join a club with auto debit if you rarely watch. Rent, instead, and save in the long run.
6. Credit Protection/Insurance Fees – Sometimes credit card companies tack on pesky little credit insurance fees that get by you each month because you may not pay close attention to your bill. You’re being had. Cancel; you really don’t need the product.
7. Interest on Incidental Credit Card Purchases – You’re at the grocery store and have all your coupons handy, then you check out by using your credit card. Purpose defeated — the credit interest at month’s end negates using coupons. Cease and desist; pay cash.
8. Car Guzzling Gas? – Slow Down. Traveling at speeds over 55 miles per hour burns gas faster. You’ll get there, and with more pocket change.
9. Full-Price Grocery Store Purchases – Coupons are good and so are many generic brands. Off your high horse and start scrambling for that saved change.
10. Miscellaneous Banking Fees – Paying for your checking or savings account? Close it; there are free ones out there. Do your research.
–gerald radford
