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Category  |   Discussion (0)Banking & loans

Main > Living > Money > Banking & loans
Consolidate loans and bank accounts: To reduce the amount of bank fees you are paying, consolidate all your bank accounts into one. If you have several credit cards, try to reduce them all down to one. If you have several different loans, consolidate them all into a single loan. This can save you a huge amount of money.   thesource (378)

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Main > Living > Money > Banking & loans
Loans: Sometimes loans are necessary: for example, for a business expansion, or to purchase your first home. But it is not smart to go into debt on your credit card to purchase things like LCD televisions. If you make it a habit to go into debt on your credit card, it can end up being a heavy burden. For items that cost less than $10,000, try to save the money for them before you purchase.   thesource (378)

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Main > Living > Money > Banking & loans
Bank fees:
  • Shop around to find low or no-fee bank accounts and credit cards. They are out there, but the banks don't particularly want you to know about them.
  • If you accidentally overdraw your account and get charged a large penalty fee, phone your bank and ask that the fee be withdrawn. They will often comply with your wishes so long as it doesn't happen too often.
   thesource (378)

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Main > Living > Money > Banking & loans
Paying off loans and debts is a greater priority than saving money, because of the vast difference in interest rates. Save first, spend later.   kellyjones00 (593)

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Main > Living > Money > Banking & loans
Check the small print of loans. They may charge fees for 'overpayment', meaning, early repayment of a loan.   kellyjones00 (593)

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Main > Living > Money > Banking & loans
Paying-off student loans (Australia): Don't pay off student loans in Australia before they get transferred to the tax system. You will still get 10% off for voluntary payments of $500 or more, so the saving you make by paying it off before it gets into the tax system is actually quite minor.   myxlfidian (150)

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