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. Savings

    10 Ways To Budget When You’re Broke

    Budgets are some of the best financial tools around – when planned properly and followed faithfully.
  2. Savings

    7 Ways to Trim Fat from Your Spending

    Check out these seven ways to cut the fat from your spending.
  3. Savings

    7 Millionaire Myths

    Here are seven millionaire myths and realities that reveal they don’t quite have it all.
  4. Budgeting

    How To Save Money When Moving

    Moving doesn't have to be as expensive as you think. Here are some great ways to save money on moving costs.
  5. Budgeting

    The Hard Way We Pay For Convenience

    Convenience is a luxury. However, any cost-conscious individual should be aware of these ridiculous ways we pay for convenience and how to avoid them.
  6. Budgeting

    How to Cost Effectively Spend on Baby Clothes

    Don't let your baby's wardrobe derail your budget. These top tips help you to save money and spend wisely on baby clothes.
  7. Personal Finance

    College Students are Failing Financial Literacy

    Financial trends among college students are a cause for concern, prompting a renewed emphasis on financial literacy.
  8. Stock Analysis

    The Biggest Risks of Investing in Amazon Stock

    Find out which risks are most important to Amazon's shareholders. Learn which operational risks impact share prices and which financial risks affect investors.
  9. Budgeting

    6 Cost-Effective Tips for Raising Your First Child

    The excitement of welcoming your first child to your family shouldn't prevent you from making good cost-effective decisions.
  10. Budgeting

    5 Ways to Date on a Budget

    Dating on a budget doesn't have to be boring. Try these 5 tips to find the best dates on a budget.
  1. 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 >>
  2. 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 >>
  3. 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 >>
  4. What is the range of deductibles offered with various health insurance plans?

    A wide range of possible deductibles are available with health insurance plans, starting as low as a few hundred dollars ... Read Full Answer >>
  5. How do I know how much of my income should be discretionary?

    While there is no hard rule for how much of a person's income should be discretionary, Inc. magazine points out that it would ... Read Full Answer >>
  6. What proportion of my income should I put into my demand deposit account?

    Generally speaking, aim to keep between two months and six months worth of your fixed expenses in your demand deposit accounts. ... Read Full Answer >>

You May Also Like

Trading Center
You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!