Bank Overdrafts

I’m Miriam Neff and I’m Valerie Neff Hogan with Wise Women Managing Money.

M Recently a politician was indicted on charges of using more than $250,000 campaign funds for personal spending sprees, like flying the family bunny on a vacation.  Digging deeper, in 7 years, they had racked up $37,000 dollars in bank late charge fees.

V Every family has good opportunities to spend money wisely, but bank overdraft fees is not one of them.  Continual monitoring is a necessity; God has loaned you His resources to steward.  Avoiding monitoring is a sure way incur fees, hurt your credit rating, give the bank money to spend rather than directing it where you want it to go.

M We often say, no one will watch your stuff like you do and can.  That’s good stewardship.