PFT #77 - Personal Finance Tip of the Week: Avoiding the Hidden Fees With Goods and Services

This week’s topic is about those pesky fees when paying for good and services. <br /><br />In the digital age with money, there is a 100% chance that you can pay for goods and services electronically. In my case, I pay with a credit card whenever I can so I can get reward points as well as protection that it offers against theft.<br /><br />However, there are circumstances when a fee is required when charging with a credit card. Typically, this occurs with small businesses when it comes to general contractors, sprinkler installers, landscaping, tree services and the like. <br /><br />This is also common with medical services when you pay a bill after your visit as well as local and state government regarding items including DMV fees, taxes and business related service needs.<br /><br />As far as I see it, I am annoyed when credit card merchant fees that companies pay are passed on to the consumer; however, it is their right to do so. <br /><br />With that being said this always leads us to the concept of budgeting meaning, you are willing to pay a credit card fee because you have no other option.<br /><br />If so, this is a good reminder to put money aside into your rainy day fund or have slush money set aside especially for the items that are repeated each year.<br /><br />The bottom is that these fees are small amounts but why give that money away when you don’t have to? <br /><br />Remember, in most cases, budgeting is not about how much money you have rather, its how you spend it. <br /><br /> Website:<br /><br /><a href="https://www.somethingonmymind.net/" rel="noopener">https://www.somethingonmymind.net/</a><br /><br />Social Media <br /><br /><a href="https://www.instagram.com/somm.podcast/" rel="noopener">https://www.instagram.com/somm.podcast/</a><br /><br /><a href="https://www.youtube.com/channel/UChec5qcZBcGkIhUU3belNDw" rel="noopener">https://www.youtube.com/channel/UChec5qcZBcGkIhUU3belNDw</a><br /><br /><a href="https://www.tiktok.com/" rel="noopener">https://www.tiktok.com/</a>@somm.podcast?lang