Say NO to Overdraft Protection
A study conducted by the Center for Responsible Lending found that American consumers are paying over 17 Billion a year in overdraft protection fees! With an average fee of $27 a pop, consumers are paying a fortune to banks for the privilege of overdrawing their account.
- Call your bank and opt out of the overdraft protection
- Review your spending to see what’s causing you to overdraw your account
- Create a budget to protect yourself from going negative
Today's tip brought to you by Mvelopes and Money4Life Coaching.