Tips to Avoid Bank Fees

Hello dear, this is Dora L again.

Many people have sent emails to me wanting to know why is it on their bank statement they keep getting all these extra added on fees and charges. It’s quite simple honey, the banks are in business to make money and they will do whatever they can to squeeze as much of it out of you as possible. You must understand a bank is not your friend. They want your money and as much of it as they can possibly get. However, we can minimize this with a few little tips.

  1. Get credit card payment protection. If you miss a payment or are late, your benign 0% credit card can go up to a whopping 16 to 21% monster that you will find can be an anchor around your neck and drastically affect your lifestyle. Most people never read the fine print on their credit card application and they blithely sign it and think nothing of it. In fact, can you put your hand on the paperwork they came with your credit card? No, I didn’t think so. Most people throw it away right after they pull the card out. This is all designed in how the paper is folded, lettered, and colored. It is created specifically to make it as unreadable as possible so people won’t take the time to do it. This is one of the biggest moneymakers that credit card purveyors use to pad their bottom line.
  1. One of the worst things you can do is pay the minimum amount on a credit card. That and paying on time are two ways to either landing you in the poorhouse or end up paying on your credit card for the rest of your life. Download a financial calculator of your choice and go through the formula that is plainly written up for you. You will see that you never pay off the principle all you are doing is paying off on the interest. Moreover, if you pay on time you’re already being docked interest payments.Your best bet is to pay early and double the minimum amount if you can. In this way, you pay down the principle and prevent the interest from increasing the amount of money you owe.
  1. Do all your banking at an ATM that belongs to your bank. Do not go to a teller window. This is another little “Oh by the Way” that banks use to suck your money out of your wallet or purse. You are hit with a fee for just asking a question of a teller. You also get charged a fee if you use any other ATM than the one from your bank. Most of you should already know this but you would be surprised how many people want to talk to a teller about every little thing having to do with their account.

George is calling me, my favorite TV show is on. NCIS and Leroy Jethro Gibbs, even though he’s 70, still gets my blood pumping. So, until next time this is Dora L signing off.

Not My Best Doctor’s Appointment

Sometimes you have a humiliating experience that you would like to forget. I don’t mean when your PowerPoint presentation conks out and you can’t seem to get it back on. I mean a trip to the doctor’s office for a checkup when the physician notes a gain in weight and makes a comment. You know why as you glance down at the body fat scale in the office. You jump off quickly and hope to wipe away the memory in time. But it is a sign that something must be done and that is going to be a new program of diet and exercise. The doctor sets a plan that you can easily follow. He counsels you to see a nutritionist if you have concerns. The point is to take action immediately to get back your health. Overweight causes many problems and potential diseases that can eventually tax your health budget. Most people haven’t saved for such an occurrence.

The nice thing about this situation is that you can remedy it in no time at all. If you are conscientious about your regime, you will get back to an optimum weight and that body fat ratio will change. Life goes on. People don’t often think about their health until they go to the doctor, and not even then. They write it off as normal or temporary, not something to worry about. Take my word for it and listen up. You can avoid the problems of old age if you start to take control now. But you also can’t discount the fact that people get heart disease and diabetes as a result of obesity in middle age. Obesity, of course, is the extreme, but I am trying to make a point. If you ignore your body fat, it may just keep growing. I know you are busy at work and with family obligations, but make time together to grab the reins of good health. There is nothing better than feeling in tip top shape. Your family needs you to be strong and reliable so don’t let them down.

If you don’t go to the doctor and haven’t a clue about your weight, buy a good bathroom scale and find out daily or weekly as you wish where you stand. Charts online will tell you what is normal for your age and height and where the danger zones lie. I love the scales that interface with your laptop.

There is a wealth of information that you can use to set personal goals. Get together with your family and discuss health. Take walks together, play games, go running in the park with the dog, or visit the gym. If you have a companion, you are more likely to stick with it. Keep notes and find out how long it takes to get back into shape. Spread the word. It can be encouraging for friends and colleagues and they may join you in the quest for good health.