- Online subscriptions – how many times have you tested a new app or program with a ‘free trial’ lure. If you’ve handed over your credit card details to get the download, and haven’t cancelled the account when you discovered you wouldn’t need said app or program, a new sneaky debit could be an expensive long-term leak.
- ATM and bank fees – withdrawing cash from random ATMs will typically incur a sneaky fee; a couple of bucks seems insignificant, but these ‘drips’ can certainly add up. The same goes for monthly bank fees – can these be negotiated with your bank? Will another bank offer a ‘no-fee’ account? What kind of interest rate are you paying on your credit card? Could you do better with another type of card, or perhaps another lending institution?
- Increased service fees – monthly payments for insurances and other services are super convenient and can help your cash flow. They can, however, make us a bit lax when it comes to comparing prices at renewal time. When you’re keeping a check on your monthly debits, you may be surprised at the increase in premiums and fees between one year and another. When you see an increase, take action right away and investigate your options (more about that below).
Note: when you’re looking at PI & PL, don’t forget our tailor-made group policy. This cover is designed for designers (so you know it’s a good fit), and with the benefits of a group buying power, it’s a hard-to-beat price. Learn more here.