Everyone likes to think they have got a bargain, and no one wants to think that they are purposely being ripped off. However, we are charged over the odds for things all the time. This, of course, is not good for our bank balance. With that in mind, to help you avoid being overcharged the post below will describe some of the main areas in which this happens, and what you can do to prevent it in the future.

Bank charges

Bank charges have always baffled me. I just can’t quite get my head around the fact that you give your money to an organization and then they charge you for the pleasure of using it! Of course, most bank charges occur when you go over your agree limited, something that is easy to do, especially if your budget is particularly tight.

Bank charges can be challenged. Image

What then can you do, if you have incurred charges on your account? Well, the first thing is to call up your bank and ask them to explain why you have been landed with the fine. Then try explaining the situation that caused it, as sometimes they have the power to waive the fees if they are unreasonable.

Next, if you bank stands firms on the fine, they have awarded you it may be time to lodge an official complaint. Your bank or building society should have a formal procedure for doing this that can be found on their website or by visiting a branch.

Last of all, to avoid getting a charge in the first place it can be useful to more regularly check your incomings and outgoings to ensure that they balance. To do this use a smartphone app, as it’s quick and convenient and is always with you. Something that means you can’t get away with that one purchase that will take you beyond your overdraft so easily, and that could land you in trouble.

Selling your home

Next, you may be fully aware that you are being charged over the odds when it comes to selling your home, as realtors fees are notoriously high. However, you may be at a loss as what you can do about this. After all, you need their expertise and client connections to ensure your home sells.

Picture source

Well, now you can save money selling your home by using a bidding service. This allows realtors to bid for the chance of selling your house, encouraging them to go as low as they possibly can. Something that can save you a lot of money.

Water

Another major area in which you are probably being charged too much is your water service. Yes, we all need fresh water piped to our properties to drink and wash with. However, as one of the most expensive utilities, it can seem vastly overpriced for the service we received.

Collecting rainwater is a great way to save on your water bills, but is actually illegal in some states. Image

Luckily, there is something you can do about this, and it’s to use grey water for clothes washing and watering the garden. This is water that is collected from rain or has been previously used for washing. It costs you nothing and means you use less water from your supplier. The only issue is that it is still illegal to use grey water in some states, so do make sure you know whether it’s OK in your location before you try it.