Basics Beginner: Stop Wasting Money on Fees

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1.
If there are fees you cant avoid, one way to manage those fees is to _______.
Choose wisely. There is only one correct answer.
Save money in a separate account to pay them. If there are fees you cant avoid, one way to manage those fees is to save money in a separate account to pay them.
2.
Small fees from your bank, credit union, credit card companies and others can add up to hundreds of dollars a year in wasteful costs.
Choose wisely. There is only one correct answer.
True. Small fees from your bank, credit union, credit card companies and others can add up to hundreds of dollars a year in wasteful costs.
3.
What is one of the fees that a car dealer may charge when you buy a car?
Choose wisely. There is only one correct answer.
A vehicle preparation fee. A car dealer may charge a vehicle preparation fee when you buy a car.
4.
When comparing credit cards that charge annual fees against cards that do not, the annual fee cards are a bad deal.
Choose wisely. There is only one correct answer.
False. Though some may be a bad deal for you, others may offer features that are advantageous to you.
5.
If you close a savings or checking account and get charged a fee because of that, it's probably because you didn't keep it open as long as you had agreed to when you first opened it.
Choose wisely. There is only one correct answer.
True. This is the most likely reason why you'd be charged a fee for closing an account.