If you’ve ever overdrafted, you know it’s a simple but frustrating mistake.
At best, you call the bank and convince them to waive the fee.
It’s still a pain.
Even the best budgeters among us can make a small checking account flub.
But in encountering this little pea, you may overdraw your checking account.
How do you end that cycle?
What’s the fix?
Consider building a better cushion in your checking account.
Manderson suggests a cushion of at least 25 percent of your monthly income, if possible.
Because when you’re struggling, an overdraft could be more than just an annoyance.
For more on this topic, check out the rest of Manderson’s advice.
One Tool to Prevent Overdrafts| Leah Manderson
Photo byMorgan.
