I hate fees!

I primarily only use one credit card.  I've used the same State Farm Bank credit card for 20 years now.  I pay off my balance each month and always avoid late fees and finance charges.

I have one other credit card that serves as a backup.  I rarely use it, but several weeks ago I used it at a car wash that cost me eight bucks.  That eight dollars was the only charge I had on the card for the month.  Since that card is not frequently on my mind, I was about 3 days late with my payment.  I then find out that US Bank charged me a $23 late fee!!!

That small car wash cost me $31 !!!

This is precisely what so frequently happens to people.  We look back and ask ourselves "where did all the money go?".  Being diligent in the smallest details of our finances can save us a lot heartache and money.

At this time, banks are severely escalating their fee schedules.  They are doing this in an attempt to recoup the money lost in the mortgage crisis.  This is a perfect example how EVERYONE pays the price when a few cannot meet their obligations.

Fight back and avoid fees by...

Not using your ATM card

Don't have credit card late fees

Keep minimum amount in checking/savings so as to avoid service fees