Don't Let These 10 Hidden Fees Catch You by Surprise
The modems or routers rented out by Internet service providers may be necessary, but the recurring monthly rental fee is easy to forget and may go on long past the value of the device. Spend a little upfront to buy the hardware and avoid the extra monthly charge. The purchase can often pay for itself in less than a year.
First-time homebuyers agree on a price but can be caught unaware by all the expenses required to finalize the purchase. Property appraisals and inspections, homeowners insurance (often mandatory to obtain a mortgage), and attorney fees are all common for a home sale. They can't be avoided, but some can be decreased by shopping around, and sellers can sometimes be convinced to pay closing costs. Don't forget to leave enough money after fees for moving.
Many people sign up for overdraft protection with their bank because it seems like, well, protection from overdrawing an account. It is true that instead of paying an overdraft charge -- often more than $30 -- funds are transferred from a linked savings account or credit line to avoid bouncing a payment. The transfer, though, usually costs about $10. Instead, investigate whether a bank offers apps or text-message services that let customers transfer money on their own. (Automatic payments, such as subscriptions, may go through despite insufficient funds and can result in an overdrawn account.) Alternatively, opt out of overdraft protection and make sure the bank doesn't charge the service to your account; in that case, a purchase you can't pay for will be declined.