Convenience Trumps Banking Fees

Banking Fees too much?
Banking Fees too much?

What is convenience versus banking fees costing these days? According to a recent study by Think Finance (an alternative financial products company), Millennials often consider convenience worth the extra cost when it comes to banking fees. The Money Coach in me, however, does wonder how much all those fees add up to each month (and then year). Is it possible that a little investment of time upfront could save a significant amount of money later?  Researching other less expensive and convenient alternatives to banking fees (even with the same bank) could possibly save the  equivalent of a month’s worth of a student loan payment. Well, perhaps at least a good week’s worth of lattes. But then convenience these days is quite precious. http://www.cnbc.com/id/100815994

 

8 Responses

  1. Heather
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    “Millennials look for convenience over banking fees”
    was indeed a fantastic blog post. If merely there were a whole lot more personal blogs similar to this one in the actual online
    world. Anyways, many thanks for your personal time, Katrice

    • judylawrence
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      Katrice, thanks for stopping by and commenting. Judy

  2. judylawrence
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    Glad you found me and liked the blog. Thanks!

  3. Latanya
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    Outstanding Text! I love your content. You write Very descriptive informations

    • judylawrence
      |

      Thanks. Glad the information is helpful. Any examples of your own to share?

  4. judylawrence
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    Thanks for the heads up!

  5. steve
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    A little research can go a long way especially when you are considering strapping yourself down with monthly payments for an extended period of time. A lot of this impatience with research is an impulsive need to solve a problem quickly and move on. I’ve made those mistakes before and the consequences you suffer are worse than the pain of taking an extra day or two of consideration before making that committment.

    • judylawrence
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      Steve, you’d be amazed how many people suffer those consequences financially or with even more wasted hours down the road by not having the patience up front to make a wise thought out decision.