With so many things to keep track of, it's difficult to watch every cent of your money... Especially when you've entrusted a credible institution like a bank to protect your hard earnings.
But, if you haven't been checking regularly, you may be shocked to discover that the bank could be taking what's rightfully yours. Here's what you need to look out for...
* ALWAYS check your bank statements. Banks make mistakes like anyone else, though it's ususally in their favour. So keep a note of your transactions, and reconcile them against your monthly statement. If you’re not getting regular statements, phone your bank and sort this out TODAY!
* Make sure your money is working for YOU. If you always tend to have money in your account, look at the amount of interest you're getting. If you’ve had an account for some time, chances are your bank will have created new accounts with better benefits over the years to woo new customers in. If you see anything better, insist your money is transferred to the better account.
* Get an overdraft! Now, this may seem like the last thing in the world you’d want to be lumbered with... But arranging an overdraft facility could save you money in the future. If you overdraw without a facility in place – even by a cent.
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