To help you out today, we provide you dear reader with four more ways to reduce your bank fees and costs. We hope these ones are useful to you.
Tip 1: Sign up for banking alerts: Many banks provide SMS alerts before bills and payments are to be made. Sign up for this service. This way you will be less likely to forget about bills and pay late payment fees. It will also warn you when your Gucci shopping wife is on the rampage. Get that bottle of vodka ready!
Tip 2: Take advantage of FSA: Flexible spending accounts let you set aside money on a pre-tax basis for medical expenses. Generally they are offered by employers under health benefits. It can definitely be worth it.
Tip 3: Avoid loan products with early payout fees: If you have to get a loan, avoid one that has an early pay out fee. These fees can be quite substantial and punish you for paying off a loan early.
Tip 4: Keep an eye on bank deals: Banks often keep their best deals for new customers. Every 12 months keep an eye out for a Bank that may have a better deal. If you bring five or six accounts over, you may be rewarded even more.
If you want to learn how to save $1000s a year then check out our Money Saving Tips E-book.
Cheers
Rusty O'Connor.
Tuesday, November 30, 2010
Thursday, November 18, 2010
Bank fees: How to reduce them
Again, we are whinging about bank fees! In this blog post we provide three more tips to help you keep more of your money for yourself! Enjoy.
Tip 1: Consider a Credit Union: Credit Unions often offer cheaper interest rates on credit cards, or accounts with fewer fees. It is definitely worth checking these out; the money you can save (or make) over the long term can be quite substantial.
Tip 2: Open an online savings account: On line savings accounts generally earn a higher rate of Interest and attract less fees than traditional accounts.
Tip 3: Daily Interest Savings Account: If you have a large amount of savings in one account, make sure that the account calculates interest daily. This way you can earn more interest, and you are less likely to be penalised if your balance goes below the minimum balance required.
As you can see by making small changes you can make significant changes to your life financially. Every little bit helps. And every dollar you save could be properly invested to make you $100 or a lot more.
If you want to learn how to save $1000s a year then check out our Money Saving Tips E-book.
Cheers
Rusty
Tip 1: Consider a Credit Union: Credit Unions often offer cheaper interest rates on credit cards, or accounts with fewer fees. It is definitely worth checking these out; the money you can save (or make) over the long term can be quite substantial.
Tip 2: Open an online savings account: On line savings accounts generally earn a higher rate of Interest and attract less fees than traditional accounts.
Tip 3: Daily Interest Savings Account: If you have a large amount of savings in one account, make sure that the account calculates interest daily. This way you can earn more interest, and you are less likely to be penalised if your balance goes below the minimum balance required.
As you can see by making small changes you can make significant changes to your life financially. Every little bit helps. And every dollar you save could be properly invested to make you $100 or a lot more.
If you want to learn how to save $1000s a year then check out our Money Saving Tips E-book.
Cheers
Rusty
Wednesday, November 17, 2010
Reducing your bank fees is easy as with these three tips
As we have harped on in the last few blog posts, you shouldn't have to pay more bank fees than you have to. If you don't watch your fees you could be literally be spending $100s each year. To help you reduce your bank charges, and to give you an upper hand over the bank we provide the following three tips below.
Tip 1: Consolidate all of your bank accounts into one bank: This will keep things simpler for you and the bank will reward you if you have multiple accounts and you will ultimately pay less fees.
Tip 2: Don't pay late or dishonour fees ever: Build up a minimum balance of $1000 in your chequeing and bills account. Once you have money in your account, you are less likely to pay late fees or dishonoured fees. These fees are sometimes between $30 and $40. Better to keep this money for yourself.
Tip 3: Ask you bank if they will waive account fees: You may be amazed at how often the bank, especially if they fear they are going to lose your business, will consider waiving or reducing their fees.
So there you have it...three more tips to add to your arsenal against the banks. If you want to learn how to save $1000s a year then check out our Money Saving Tips E-book.
In other news...
Your editors wife is about to head off on an adventure. She is heading over to Ethiopia to help out and help raise funds for an ophanage and a fistula hospital. If you have read the book "Hospital by the River", it is the same hospital that Dr Catherine Hamlin established. She is going with a group of 10 ladies including a journalist. The trip is for seven days, after which they come back and start trying to promote the cause. We support her and wish her well and are very proud of her. Besides which, we get a "pass" to go on a boys weekend to Dubai and play golf!
She is out on the town tonight wearing pink tights, a designer pink costume and a full head piece. No she isn't having an identity crisis, she is dressed up as one of the Mascots for the 2011 Asian Football Cup, which is being held in Qatar. http://www.tehrantimes.com/index_View.asp?code=230385 the link shows you the costumes.
Cheers
Rusty
Tip 1: Consolidate all of your bank accounts into one bank: This will keep things simpler for you and the bank will reward you if you have multiple accounts and you will ultimately pay less fees.
Tip 2: Don't pay late or dishonour fees ever: Build up a minimum balance of $1000 in your chequeing and bills account. Once you have money in your account, you are less likely to pay late fees or dishonoured fees. These fees are sometimes between $30 and $40. Better to keep this money for yourself.
Tip 3: Ask you bank if they will waive account fees: You may be amazed at how often the bank, especially if they fear they are going to lose your business, will consider waiving or reducing their fees.
So there you have it...three more tips to add to your arsenal against the banks. If you want to learn how to save $1000s a year then check out our Money Saving Tips E-book.
In other news...
Your editors wife is about to head off on an adventure. She is heading over to Ethiopia to help out and help raise funds for an ophanage and a fistula hospital. If you have read the book "Hospital by the River", it is the same hospital that Dr Catherine Hamlin established. She is going with a group of 10 ladies including a journalist. The trip is for seven days, after which they come back and start trying to promote the cause. We support her and wish her well and are very proud of her. Besides which, we get a "pass" to go on a boys weekend to Dubai and play golf!
She is out on the town tonight wearing pink tights, a designer pink costume and a full head piece. No she isn't having an identity crisis, she is dressed up as one of the Mascots for the 2011 Asian Football Cup, which is being held in Qatar. http://www.tehrantimes.com/index_View.asp?code=230385 the link shows you the costumes.
Cheers
Rusty
Tuesday, November 16, 2010
Reduce your bank fees with these easy to follow tips
You shouldn't have to pay any more bank fees than you have to! At least that is our view! This blog post gives you four tips to help reduce your bank fees. Enjoy.
Tip 1: Sign up for banking alerts: Many banks provide SMS alerts before bills and payments are to be made. Sign up for this service. This way you will be less likely to forget about bills and pay late payment fees. It will also warn you when your Gucci shopping wife is on the rampage. Get that bottle of vodka ready!
Tip 2: Take advantage of FSA: Flexible spending accounts let you set aside money on a pre-tax basis for medical expenses. Generally they are offered by employers under health benefits. It can definitely be worth it.
Tip 3: Avoid loan products with early payout fees: If you have to get a loan, avoid one that has an early pay out fee. These fees can be quite substantial and punish you for paying off a loan early.
Tip 4: Keep an eye on bank deals: Banks often keep their best deals for new customers. Every 12 months keep an eye out for a Bank that may have a better deal. If you bring five or six accounts over, you may be rewarded even more.
So there you have it, four ways to reduce your bank fees. If you want to learn how to save $1000s a year then check out our Money Saving Tips E-book. It is jam packed full of tips that you can incorporate into your life straight away to save money!
Cheers
Rusty O'Connor
Tip 1: Sign up for banking alerts: Many banks provide SMS alerts before bills and payments are to be made. Sign up for this service. This way you will be less likely to forget about bills and pay late payment fees. It will also warn you when your Gucci shopping wife is on the rampage. Get that bottle of vodka ready!
Tip 2: Take advantage of FSA: Flexible spending accounts let you set aside money on a pre-tax basis for medical expenses. Generally they are offered by employers under health benefits. It can definitely be worth it.
Tip 3: Avoid loan products with early payout fees: If you have to get a loan, avoid one that has an early pay out fee. These fees can be quite substantial and punish you for paying off a loan early.
Tip 4: Keep an eye on bank deals: Banks often keep their best deals for new customers. Every 12 months keep an eye out for a Bank that may have a better deal. If you bring five or six accounts over, you may be rewarded even more.
So there you have it, four ways to reduce your bank fees. If you want to learn how to save $1000s a year then check out our Money Saving Tips E-book. It is jam packed full of tips that you can incorporate into your life straight away to save money!
Cheers
Rusty O'Connor
Sunday, November 14, 2010
How to reduce your bank fees
If you aren't thinking much about you banking fees then you are potentially letting $100s of dollars every year go into thin air! This article provides four tips to help you reduce your bank fees and keep more money for yourself.
Tip 1: Find the best bank account for you: There is quite a difference between bank's and bank accounts these days. Some charge for all transactions, some charge for transactions once you reach a certain number per month, others charge a flat monthly fee. Shop around and find the best bank account for you.
Tip 2: Consolidate all of your bank accounts into one bank: This will keep things simpler for you and the bank will reward you if you have multiple accounts and you will ultimately pay less fees.
Tip 3: Don't pay late or dishonour fees ever: Build up a minimum balance of $1000 in your chequeing and bills account. Once you have money in your account, you are less likely to pay late fees or dishonoured fees. These fees are sometimes between $30 and $40. Better to keep this money for yourself.
Tip 4: Ask you bank if they will waive account fees: You may be amazed at how often the bank, especially if they fear they are going to lose your business, will consider waiving or reducing their fees.
As you can see, with a few simple changes you can quite significantly reduce your bank fees. If you want to learn to save $1000s a year then check out our Money Saving Tips E-book.
Cheers
Rusty
Tip 1: Find the best bank account for you: There is quite a difference between bank's and bank accounts these days. Some charge for all transactions, some charge for transactions once you reach a certain number per month, others charge a flat monthly fee. Shop around and find the best bank account for you.
Tip 2: Consolidate all of your bank accounts into one bank: This will keep things simpler for you and the bank will reward you if you have multiple accounts and you will ultimately pay less fees.
Tip 3: Don't pay late or dishonour fees ever: Build up a minimum balance of $1000 in your chequeing and bills account. Once you have money in your account, you are less likely to pay late fees or dishonoured fees. These fees are sometimes between $30 and $40. Better to keep this money for yourself.
Tip 4: Ask you bank if they will waive account fees: You may be amazed at how often the bank, especially if they fear they are going to lose your business, will consider waiving or reducing their fees.
As you can see, with a few simple changes you can quite significantly reduce your bank fees. If you want to learn to save $1000s a year then check out our Money Saving Tips E-book.
Cheers
Rusty
Saturday, November 13, 2010
How to save money on ATM fees
ATM charges have been on the increase in recent years. These fees are a major pain and can add up to hundreds of dollars over the course of a year. Luckily there are a few things that you can do to help reduce your fees. The three tips below show you how:
Tip 1: Only use your own banks ATMs: Banks charge you a fee between 2 and 3 dollars for using other ATM's. Why pay more fees than you have to? If you cut out three of these transactions you will save yourself around $9 a month.
Tip 2: Consider a bank that has a large ATM network: If a bank has a large ATM network (especially close to where you live or shop) then consider this bank for your accounts. It will save you money in ATM fees over the long run.
Tip 3: Use an account that has no ATM fees: There are several of these accounts on the market now. Check them out and see if you find one that suits your needs.
So there you have it, three easy tips to help reduce your ATM charges. If you want to learn how to save $1000s each there then check out our Money Saving Tips e-book.
Cheers
Rusty
Tip 1: Only use your own banks ATMs: Banks charge you a fee between 2 and 3 dollars for using other ATM's. Why pay more fees than you have to? If you cut out three of these transactions you will save yourself around $9 a month.
Tip 2: Consider a bank that has a large ATM network: If a bank has a large ATM network (especially close to where you live or shop) then consider this bank for your accounts. It will save you money in ATM fees over the long run.
Tip 3: Use an account that has no ATM fees: There are several of these accounts on the market now. Check them out and see if you find one that suits your needs.
So there you have it, three easy tips to help reduce your ATM charges. If you want to learn how to save $1000s each there then check out our Money Saving Tips e-book.
Cheers
Rusty
Monday, November 8, 2010
Private Mortgage Insurance
Private Mortgage Insurance is put in place to protect the lender when you don't have a large amount of equity in your home.
If you had savings of less than 20 percent of the purchase price of a house then you most likely paid Private Mortgage Insurance. The good news is, once you have a 20 percent cushion through reducing your debt you can contact your mortgage company and start the process of removing the Private Mortgage Insurance. This could save you 1000s over the course of your loan.
Bet the banks or your lender didn't tell you this when you applied for the loan!
In other news...
Your editor is enjoying the changing of the seasons here in the Middle East. The summer is just finishing and the weather is starting to get a lot more reasonable. For example you can go outside without feeling like you are stepping into an oven. It also makes it a lot more pleasurable to go for evening walks and rides with the kids. Definately a nice time of year here!
Cheers
Rusty O'Connor
Sunday, November 7, 2010
Use online forums for free advice
If you are after free advice, then look no further than an online forum. Lets say you need some information on how to put a bike together. Do a search on the net and see if you can find a forum of bike mechanics (by the way there are a few out there).
Register, pose your question and within hours, helpful people will be giving you their insight. Of course once you have learnt, you should also help other people as well!
A quick tip but a good one!
If you want to learn how to save $1000s a year then check out our money saving tips e-book.
Cheers
Rusty
Register, pose your question and within hours, helpful people will be giving you their insight. Of course once you have learnt, you should also help other people as well!
A quick tip but a good one!
If you want to learn how to save $1000s a year then check out our money saving tips e-book.
Cheers
Rusty
Monday, November 1, 2010
Save money on your mortgage - these three tips show you how
Your mortgage is probably the biggest loan or financial committment you will ever have. Therefore it is not something to be taken lightly. In today's blog post we share with you three tips to help you pay of your mortage quicker, and to avoid getting into financial trouble.
If you want to learn how to save $1000s a year then check out our Money Saving Tips E-book.
Cheers
Rusty O'Connor
- Tip 1: Refinance your mortgage : If you can refinance to a lower interest rate you can save a lot of money. If you have a $200,000 mortgage and refinance to a loan with one percent less you will save yourself around $80 a month. Try to renegotiate the removal of any early repayment penalties, so you can pay it off even quicker.
- Tip 2: Keep up to date with your mortgage payments: Unless you want to pay extra fees keep up with your Mortgage payments. Once you get behind it also becomes increasingly difficult to get up to date. If you are starting to have trouble, you are better off to speak to your bank and see if you can get a payment holiday or extend your loan period. This is a far better option than defaulting on your mortgage repayment. Don’t think a loan shark is going to help you bridge the gap. You will only get deeper into debt. Banks can be surprisingly amenable to such requests. Plus you might also lose your knee caps!
- Tip 3: Pay your mortgage bi-weekly instead of monthly: If you make fortnightly payments instead of monthly you are making 26 payments a year instead of 12 payments. The extra two payments, save you 1000s in interest over the course of your loan.
If you want to learn how to save $1000s a year then check out our Money Saving Tips E-book.
Cheers
Rusty O'Connor
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