It starts with the way you carry your money, if you keep it all bunched up in your pants or wallet, don’t carry any, or if it is folded neatly, same side up in a fancy money clip like I do.
My advice to you is to love and be smart with your money!
One very simple, yet tough way to do this is to avoid service charges at your financial institute! Service charges are one of the most frustrating and avoidable things to deal with at your bank! Be educated and do your research before committing to a financial institute!
Here is a list of a few ways you can avoid service charges:
- Make sure you know your banking service. Banks may have a minimum balance per account that you need to obtain daily. If you can’t keep a minimum balance, investigate flat fee packages which could also save you money.
- Use an ATM associated with your bank! Did you know every time you withdraw cash from an ATM that is not associated with your bank, you get charged at the ATM and your bank?
- Get cash back! If you can’t find an ATM associated with your bank, a lot of grocery stores and large retailers (Walmart, LCBO) will give you cash back with a purchase and no additional fee!
- Never get a cash advance on your credit card. If you do, you will immediately start paying interest on your cash advance.
- Do not put items on your credit card unless you know you can pay them off monthly! It is smarter to take out a line of credit at your bank if you require short term lending.
You work hard for your money and you deserve to keep every penny.
🙂
