Finance Tip of the Day

Say NO to Overdraft Protection

  • 2018 11 Dec
Say NO to Overdraft Protection

mvelopes

Say NO to Overdraft Protection

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.




Follow Crosswalk.com