![]() ![]() ![]() Keep reading this article for tips on how to start untangling your finances so that you can get back on track.Īlso, if you want to avoid this financial stress for good, consider investing in my course Budgeting For Budget Haters. But by delaying your other bills, more late fees are charged and it gets harder and harder to pay all your bills on time.īut don’t despair. When you get behind on one of your bills, you may try to get caught up by delaying the payment of other bills or by bringing your account below zero thinking that everything will be fine once you get paid again. If you look at that in terms of an annual interest rate, that’s over 200%! I highly doubt that value meal was worth it. So in essence, you could purchase a $5 meal at McDonald’s and be charged a $35 fee for the convenience of allowing the transaction to go through. So, if you pay for a purchase with your debit card or withdraw money from an ATM without having enough money in your account, you’ll be hit with that fee. Overdraft and insufficient funds fees can cost you on average, $35 per transaction. In the meantime, you’ll continue to accumulate interest on your balance and on the extra fees. Late fees vary from $25 to $35 and since they usually carry over to the next billing cycle, you might not even know you have them until you get your next statement. Late payment fees, interest, overdraft fees, and insufficient funds fees drain your checking account and add to your already increasing credit card balance. Once you start getting behind on bills, it can be very difficult to catch up.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |