@nischa.me: Don’t waste your money on these 👇 Follow @nischa.me for more money tips FX fees: When on holiday always choose to pay in the local currency instead of your home currency to avoid high foreign currency exchange fees. Your bank usually offers a better exchange rate than a merchant abroad. Holidays are a money drain already, so save some cash for the fun stuff! High Expense Ratio Funds/Active fund fees: When you invest in funds like mutual funds or ETFs, the fund managers charge fees for managing your investments. Too many funds charge way too much without having much to show for it. These fees can really eat into your investment gains over time. Instead, choose low-cost passive index funds. Lower fees mean you get to keep more of your money invested, which can grow and give you better returns. Late fees: Being charged for being late on payments is a complete waste of money and can have a negative impact on your credit report. Set up automatic payments online for all bills and your credit card. If your supplier doesn’t allow for an automatic payment, it may be worth changing supplier. Follow @nischa.me for more money tips #moneytips #financetips #moneytalks

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Friday 13 September 2024 07:00:17 GMT