The 1 question to ask about $1,300 in overdraft fees
70 Comments- Get free updates of new posts here
I was having breakfast with someone today who told me the most interesting story. He had been dating his girlfriend for two years before they talked about finances. “It took me that long to get her trust,” he said. She was a public school teacher, so she didn’t make that much money. When he looked at her finances, he noticed that she had a lot of overdraft fees. He asked her to guess how much she had spent in overdraft fees. “About $100 or $200?” she guessed.
It turns out that her overdraft fees totaled $1,300 in the last year.
Here’s where it gets really interesting. He didn’t freak out or start yelling about how to negotiate out of bank fees. He simply pointed out something very gently: “What if you could focus on your overdrafts? If you eliminated just that fee, you’d be so much better off.”
Now the question is…what’s your one big problem?
(Mine is eating out too much.)
I recently spoke at a conference in the Bay Area where the speaker introduced me as saying, “AND WE GOT ...Read More
I receive 1,000+ emails every day. And while I read every one of them, most emails get ignored. That’...Read More