There are some expenses you plan for every month — your rent or mortgage, utilities, your cellphone bill, etc. — but there are also a lot of hidden expenses you’re paying for regularly that you might not be aware of. These little costs could quickly add up, whittling away at your hard-earned paycheck.
Uncover the hidden ways you’re losing money every month, so you can start making moves to stop the bleeding.
Last updated: June 15, 2020
Not Tracking Your Spending
You should be able to account for every dollar you spend. Keep track of your spending with a budgeting app, spreadsheet or even a notebook. Simply recording what you’re spending money on will make it easier to spot any hidden expenses.
Paying Checking Account Fees
Some banks charge monthly fees or service charges for their checking accounts. Those fees could end up costing you over $100 a year —