Reviewing the details and added charges on your bills will help you understand where your money goes. Sometimes those extra charges are negotiable but unless you understand the reason for the expense you cannot control it.
When the bank statement arrived this month Eleanor found a minimal charge that had not appeared on her statement in previous months. The bank phone number was listed on the statement so it only took a minute to inquire about the reason for the charge.
The expense was for, it turned out, the electronic bill paying which is offered by most banks. The previous month Eleanor had exceeded the bank's free amount of electronic checks so a small charge was assessed. Eleanor's banker offered, "It is still less expensive than the cost of postage!"
Have you found unexpected charges--large or small--on your bills? What action did you take?
Comments