Couple Money

Money Leaks: ATM Fees

atm tips save money

Watch your ATM habits. They can be a money leak.

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Every week I check the weekly summary from Mint to check on our spending. I'm looking for any money leaks I can find so I can fix them. Something that was a concern of mine years ago was bank fees, especially ones from the ATM.  ATM fees can be an unexpectingly big expense when left unchecked.

Fixing My ATM Habits

When I was working and going to school, I used to grab cash at the most convenient ATM, whether it was my bank or not. As I noticed my balance dwindling faster than expected, I noticed that my out of network fees were hitting me $5-6 each withdrawal. I quickly changed my habits and was able to keep more of my money.

My husband doesn't have that problem. He's developed a habit of getting cash every couple weeks for his personal expenses, such as lunch and coffee. He's been pretty consistent with spending, so he minimizes his trips to the bank.

Fixing the ATM Money Leaks

How can you save some cash and still get your money? Here are some tips that has helped me a lot and some that have helped others.

Basically, it's about changing your behaviors a little bit to plug this money leak. I find ATM fees annoying, but avoidable for the most part. I believe that you have to take personal responsibility and adjust your habits if you want to make progress.

Your Thoughts on Avoiding ATM Fees

How do you feel about them? Are ATM fees an issue for you? Do you take out cash or do you rely on your check card?

Photo Credit: TheTruthAbout…

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