Overdraft bank fees are damaging to your personal finances. Follow some simple steps to make sure that you won't be charged excessive fees from your bank.
Create a process for tracking every dollar spent and made.
Consistently spend less than you make.
Don't use credit cards to bridge the gap between income and spending.
Paying more than the minimum is vital to cutting interest charges and ultimately getting out of debt.
Have money directly deposited each pay period into a high-yield savings or money market account.
Create an adequate cushion: at least three months worth of expenses or a sum equal to six months of expenses for households with one primary wage earner.
Live within your means and devote at least 10 percent of your income to investing for the future rather than paying for the past.
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