Expert Agent Tips On Reducing Home Insurance Premiums

Home insurance is imperative when you own a home. If you suffer a catastrophic loss, you cannot reasonably afford to rebuild your home without any type of assistance from an insurer. When you are shopping for homeowners insurance, it is very important to understand how you find the lowest and most affordable home insurance premiums without compromising your level of protection. By doing your homework and understanding how you can save money without reducing dwelling coverage or liability limits, you can lower your insurance premiums by receiving all the applicable discounts. (more…)

Avoid Overdraft Fees

There is nothing more frustrating than getting hit with an overdraft fee from your bank. If you accidentally overdraw your account, your bank can charge you at least $35. If you overdraw your account frequently, you will waste a lot of money. Here are some great tips on how to avoid overdraft fees.

Stop Overdraft Fees And Put More Money In Your Pocket

  • Be Alert – If you want to avoid overdraft fees, you always have to be alert. An easy way to become more aware of your funds is to use a software package that allows you create text message alerts. When your account is low on funds, you will receive a warning on your phone. Banks usually offer this option so take advantage of these overdraft alerts.
  • Create a Budget  – One of the best ways to avoid overdrawing your account is to create a budget. If you make a budget, you will avoid spending money that you do not have. After you have figured out how much money you have to spend on bills each month, determine how much money you can spend each week on miscellaneous items.
  • Think About Overdraft Protection – If you are not good at keeping track of your expenses, you may want to look into overdraft protection. Most banks offer overdraft protection for absolutely free. When you have overdraft protection, your checking account will be linked to another account like a savings account. If you overdraw your checking account, money will be taken out of your other account.
  • Start Using Cash More Often  – Instead of using your debit card to pay for everything, try to use cash more often. It is always a good idea to use cash on smaller purchases like a cup of coffee or pair of socks. If you constantly use your debit card, you can easily lose track of your account balance.
  • Keep a Decent Amount of Money In Your Account – It is easy to overdraw a bank account if you only have $20 in it, so you should always keep a decent amount of money in your bank account. If you always have at least $100 in your account, you will not have to worry about a delayed deposit.

If you follow these helpful tips, you can avoid overdraft fees and save money. If you do happen to overdraw your bank account, make sure to pay the overdraft fee as soon as possible. Your bank will likely charge you additional fees if you do not pay the fee within a couple of days.

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