We are really big fans over at Cents of Time of YouTube. Say what you want about the service whether its a black hole of nothing or the new way to search, but there are two things you can not deny about YouTube.
- It has endless amount of content from basically any topic.
- Narrowing that down a little bit more, there is incredible learning information on YouTube as well.
A big part of how we came to want to form Cents of Time is because of the videos watched on YouTube. We made a playlist that has over a 100 videos in it. What we want to do is not only source, but re-enforce (that was good come on!) the topic we are writing about. You may see more articles with YouTube videos associated with them. The article may be a brief summary of what the video shows or what some of our key takeaways are. It may also be there to give more evidence of a point we are trying to make. Some of these videos are, what we would say, the best of the best videos when it comes to personal finance and time management. We hope you like the articles with videos!
First up is Dave Ramsey talking about overdraft fees. WE ARE GIVING $15 BILLION DOLLARS to banks for overdraft fees. Let that sink in. Now not everyone is a Dave fan and even we have branched off from some of what Dave says, but at the end of the day there are many things he says that make a lot of sense. We think this is definitely one of those.
This is a pretty simple summary- don’t just give your money away for free! Turn off overdraft protection and try to build up some savings so that it does not happen again. $15 billion is an insane amount of money to give to the banks for nothing. Lets put that money back in our pockets! Having a plan for your money makes situations like this disappear. Maybe it isn’t overdraft fees, but interest on a credit card or something else that YOU have control of. The first part of improving your money management is to stop giving free money away.