1. Subscription services
Nowadays, we all use Netflix, Hulu and Disney+ a lot. However, you should check your bank statements in order to see if you’re paying for other subscriptions.
“Take inventory of any subscription services such as streaming music, subscribe and save items on Amazon or other monthly subscription boxes,” said Regina Conway, consumer expert at Slickdeals.net. “Right now is not the time to have a ‘set it and forget it’ mentality.”
2. Bank fees
There are some bank fees you can’t afford to ignore, especially during a global pandemic. “Assess your account fees immediately,” Conway said. “In better times, we often put off evaluating where we might be incurring hidden costs. Switch your banking to free accounts.”
The most common hidden bank fees are maintenance fees, minimum balance fees, overdraft fees, returned item fees, international ATM withdrawals, or card replacement fees.
