banking fees. Have you ever looked at your bank balance and wondered where all these small charges came from. These charges are likely convenience fees and these types of fees are kind of like someone taking money out of your pocket on a monthly basis these fees are usually costs for withdrawing transferring or exchanging money. And while a couple dollars here there may seem harmless paying 5 to $10 a month adds up over time think about it that's the cost of a Netflix subscription every month that you're just really handing over to the bank. When I realized just how much I was being charged by my bank. I realized I had to put a stop to it. So in order to avoid these charges I talked with my bank representative and told them that I would move my money elsewhere unless they waive these fees and what do you know the fees were gone that same day item
gambling. When I first had the legal age to gamble my favorite thing to do on a Friday night was to go to the casino. I would sit down at a slot machine insert my money and pray that I we strangled and win the jackpot at that time I had more money than brains which led me to losing hundreds of dollars each and every visit which is money I can only wish to have back sadly I had absolutely no idea just how bad my odds of winning more in fact the odds of winning the grand prize on a slot machine is on average one in 49836032 so my chances of retiring on a big scene a windward minute it best unfortunately many people fall victim to the perils of gambling. Whether they played to win big or just to pass the time gambling is never in the favor of the player which is why there's this saying the house always wins once I learned my odds of winning I promised myself that I would never spend money on gambling ever again.
credit card interest charges as of 2019 Americans are in over $1000000000000 of credit card debt which is up from $850000000000 just 5 short years ago besides having outrageous amounts of debt collectively these people are paying billions of dollars worth of interest each and every year while credit cards can be useful tool when used properly many people fall victim to the vicious cycle of only paying the minimum balance you see paying the minimum balance only gets you so far sure it can help you avoid ruining your credit score but each dollar of debt that isn't paid off will be subject to an interest charge the average being 19.24 percent meaning that your original purchase just got costlier. For instance if you have $1000 balance on your 18 percent interest credit card and you only pay the $100 minimum every month it will take you 11 months to pay it off all of which almost $100 of it is just interest in order to never pay credit card interest again only charge your credit card an amount you know you have the money in the bank to repack taking this one step further set up automatic credit card bill payments because even if you have the money on hand failing to remember to pay your bill will cost that interest to start compounding now if you already have credit card debt and are paying exorbitant interest charges every month there is help in order to avoid paying these high costs inquire as to whether you can move your data onto a lower interest line of credit which will instantly cut down the interest expense related to your dad so you can focus on paying the principal amount instead. IBM
charger for cable when was the last time you actually watch the show at its intended time for most people paying for cable simply isn't worth it making watching live television a thing of the past. As of 2018 more than 30 3000000 Americans have canceled their cable subscriptions and if I wanted to spend this money on cheaper entertainment outlets for instance more than 150000000 people are watching Netflix every single month followed by 90000000 on Amazon prime and 50 5000000 who live using the streaming services is not only cheaper but often times they have better original content than most television stations making the switch to streaming a no brainer but if you want to reduce your entertainment costs even further then you're in luck because I have another great suggestion and it's the platform you're watching this video on it right now YouTube has an endless supply of quality content they can keep you entertained for hours and help you build up that bank account at the same time item
expensive gym memberships I'm sure you've seen it before someone gets excited as the new year rolls around signs up for a premium gym membership hoping to make this upcoming year the year they get fit then within a few months they're back to their sedentary routine while there Jim Pascal X. dust statistics show that about 80 percent of people who sign up for a gym membership quit within the first 5 months and what's worse is that many of them become too embarrassed to admit defeat and continue to pay for a service they'll never years this issue is only compounded when those aspiring gym goers pamper themselves by signing up for expensive gyms thinking it will push them to work out more regularly now obviously a gym membership isn't a waste for consistency and ours but even these people need to ask themselves if they are paying for more than they really need nowadays many expensive gyms mimic the feel of a spa and make sure to charge you as if they were 1 if you want to save money while getting or staying fit ask yourself what's the real reason I go to the gym and are there more budget friendly options I should consider item
extended warranties you are seconds away from completing your transaction when the sales person ask. 1 final question did you want to get the extended warranty being a cautious person you want to add in the extended warranty increasing the total cost by almost 50 percent but at least you're covered right if this sounds like you then don't worry you're not alone in the 2018 survey about 30 percent of respondents said that they regularly often for extended warranties on home like tronics major appliances and cell phones and I too was once this person however over time I came to realize just how much of a rip off is really wants I'm spending sometimes up to half the value of the product in the case that something would go wrong which almost never happened. Finally I'm stumbling extended warranties all together but if you still feel the need then before shelling out extra money ask yourself the following things if this item breaks can I afford to replace it without causing financial duress is a product already come with coverage from the manufacturer and would buying a higher quality item outweigh the cost of adding an extra warranty to this purchase.
trying to impress people stemming from primitive times where tribe members would either be accepted by a group or die humans have always had an inherent need to fit in over time our ability to survive in our environment has become significantly easier however our need to be accepted hasn't changed which is led to a culture of spending money to fit in as quoted in fight club we buy things we don't need with money we don't have to impress people we don't like and for most people this statement has been or continues to be true whether it's buying a new outfit to impress a girl at school or purchasing a larger home to show off to your friends spending to impress is not advisable sadly I used to be someone who would buy own designer named clothes to show off to my classmates however as I've gotten older I have likely become much wiser realizing the people worth having around will like me for my personality and not for my wardrobe but beyond making more genuine connections with people there are actually many other benefits to avoiding this frivolous type of spending for instance when you don't spend to impress you end up saving more meaning that instead of just looking rich you can actually end up being rich so next time you put that item in your shopping cart ask yourself am I buying this for me or for someone else and there you have it guys
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