Saving money and becoming financially successful can take some work, but it can become easier. People who are successful with their finances have found ways to save money and build their savings. If you could become rich by doing simple things, why not give it a try?
In this article, you’ll see how rich, successful people save their money and remain rich. You don’t have to change your entire life, but by making intelligent decisions, you can become rich and successful too. Continue reading to find out how others save their money and stay rich without wasting money. Here are 25 things rich people never spend their money on.
25. Bank Fees
People who are rich and know better than to waste money by paying bank fees when it can be avoided. For example, many banks require a monthly maintenance fee for certain accounts they have to offer. According to a CNNMoney analysis, America’s three biggest banks, JPMorgan Chase, Bank of America, and Wells Fargo, earned more than $6.4 billion in 2016 from ATM and overdraft fees alone.
An easy way to avoid fees such as those is to play by the banks’ rules. For instance, Bank of America’s Core Checking account charges a $12 monthly fee to those who use its services, but you can get the fee waived if you meet one of several requirements such as maintaining a specific average daily or arranging at least one direct deposit that exceeds a set minimum. These are things to take into account when using a bank.