Some fees and taxes are inevitable. Whether you're shopping for groceries, concert tickets, or cars, it's common to pay more than what the sticker price says. We live in a world where sales tax, subscription fees, recycling fees, initiation fees, handling fees, and usage fees are the norm. While you can do your best to avoid these costs, your best strategy is to be prepared.

6 Money-Saving Baby Shower Tips
How To Use Online Coupon Codes
Are Birthday Coupons Bad For Your Wallet?

Thankfully, there are some fees you can avoid altogether. Here we take a look at some of the easiest fees to avoid.

1. ATM Transaction Fees
At some machines, ATM fees can be as high as $3.50 per transaction. Instead of giving into these fees, try to withdraw your money ahead of time. When possible, make a purchase with your debit card to get cash back. If you are in a situation when you need to pay an ATM fee, make sure to call your bank afterward. Some banks have a policy for refunding these fees. If you don't ask, you'll never know.

2. Credit Card Interest
If you're spending beyond your means, it's time to make some serious life changes. When you pay credit card interest, you're paying fees on top of what you're already paying for your purchases. The problem is, you get absolutely nothing for the interest and fees you pay when using a credit card - except the ability to put yourself even deep in debt.

3. Shipping
You may be surprised to learn that some online sellers make a profit on shipping fees. This means that online shoppers need to be be vigilant about what they pay for shipping. Whenever possible, shop with retailers who offer free or low-cost standard shipping and returns, and always look for free shipping coupon codes when you shop. If you are shopping on eBay or buying from another smaller seller, you can always try to negotiate a shipping discount as well.

4. Sales Tax
In some states, sales tax is higher than 9%. With rates this high, the cost can really add up. Buying items online can be a way to avoid sales tax as long as the company you are purchasing the items from doesn't operate out of your state. However, many states are unhappy about losing this sales tax revenue, so this loophole could close in the future.

5. Gym Membership Fees
On top of your monthly rate, some gyms charge initiation or processing fees. Shop around for gyms that don't require this expense, look for coupons or try to negotiate. Try your best to get this fee waived.

6. Over-the-Top Parking Fees
Depending on where you live, these fees may be unavoidable. However, if there's free parking nearby, it's worth a walk to save the money - plus it's good for you! Also, if you're shopping or eating at a restaurant, pay attention to whether you can validate your parking pass.

7. Late Fees
Keep track of all of your accounts to make sure that your payments are all on time. Whenever possible, set up automatic bill payments. If you do forget to make a payment, call the service to apologize. You may be able to get your fee waived. While a fee waiver isn't guaranteed, it doesn't hurt to try.

8. Fees for Subscriptions You Don't Use
We're human - we get lazy. Regardless, our laziness should never cost us money. Next time you have a moment, go through your credit card statement to double check whether you're paying for services that you're no longer using. If so, cut the subscription immediately. Even if it's a few dollars, those funds will add up quickly.

The Bottom Line
While some fees are unavoidable, you can cut many others right out of your life. Even a few dollars here and there will add up, so make sure that you're being as efficient as possible with your spending.

Related Articles
  1. Personal Finance

    The Ten Commandments of Personal Finance

    Here are the simple financial Ten Commandments that, when faithfully followed, can lead to a secure economic future.
  2. Professionals

    Project Manager: Career Path & Qualifications

    Learn more about what project managers job, the qualifications necessary for the position and the most common careers for these professionals.
  3. Home & Auto

    Are Kelley Blue Book Values Accurate and Reliable?

    It’s the most popular used-car buying guide. Here’s a look at just how trustworthy it is – plus a comparison with the competition.
  4. Personal Finance

    How Tech Can Help with 3 Behavioral Finance Biases

    Even if you’re a finance or statistics expert, you’re not immune to common decision-making mistakes that can negatively impact your finances.
  5. Taxes

    Internet Sales Tax Vs. Brick & Mortar Sales Tax

    Learn about the differences between sales taxes and Internet sales taxes, and the goods and services that typically incur each type of tax.
  6. Entrepreneurship

    How an Internet Sales Tax Will Affect Your Small Business

    Learn about how the Marketplace Fairness Act may impact small business owners should it pass in the House and what the act requires from business owners.
  7. Investing Basics

    Internet Sales Tax's Effect on Interstate Commerce

    Find out how a national Internet sales tax could affect interstate commerce, and why some bigger online retailers are lobbying for such a tax.
  8. Savings

    These 10 Habits Will Help You Reach Financial Freedom

    Learn 10 key habits for achieving financial freedom, including smart budgeting, staying abreast of new tax deductions and the importance of proper maintenance.
  9. Stock Analysis

    Does TripAdvisor Offer Upside Potential? (TRIP)

    Will TripAdvisor's downside risk outweigh upside potential in 2016? It's most recent SEC filing offers some strong clues.
  10. Budgeting

    How Much Will it Cost to Become President In 2016?

    The 2016 race to the White House will largely be determined by who can spend the most money. Here is a look at how much it will cost to win the presidency.
  1. Does QVC charge sales tax?

    QVC, an American TV network, is registered with states to collect sales or use tax on taxable items. QVC is also required ... Read Full Answer >>
  2. Does Walmart take international credit cards?

    Foreign visitors to Walmart locations in the United States can use their credit cards issued by banks outside of the U.S. ... Read Full Answer >>
  3. Is QVC publicly traded?

    QVC, Inc., is a wholly owned subsidiary of Liberty Interactive Corporation. It is attributed to the QVC Group tracking stock, ... Read Full Answer >>
  4. How can I invest in electronic retailing (e-tailing)?

    Electronic retail is one of the fastest growing segments of the economy. Every year, more people are choosing to purchase ... Read Full Answer >>
  5. How does a bank determine what my discretionary income is when making a loan decision?

    Discretionary income is the money left over from your gross income each month after taking out taxes and paying for necessities. ... Read Full Answer >>
  6. What countries represent the largest portion of the global retail sector?

    The United States and China are the world's largest and second-largest retail markets, respectively, by total retail sales. ... Read Full Answer >>

You May Also Like

Trading Center