What is the best way to avoid monthly bank fees?

The best way to avoid monthly bank fees is to choose an online bank or credit union that offers accounts with no monthly maintenance fees. Alternatively, if you prefer a traditional bank, ensure you consistently meet their requirements for fee waivers, such as setting up direct deposit or maintaining a minimum balance.

How can I stop paying ATM fees?

To stop paying ATM fees, use ATMs within your bank's network. Many online banks and credit unions offer extensive fee-free ATM networks (e.g., Allpoint, MoneyPass) or reimburse out-of-network ATM fees. You can also get cash back for free at many grocery stores and retailers when making a purchase.

Are high-yield savings accounts safe?

Yes, high-yield savings accounts (HYSAs) offered by FDIC-insured banks are just as safe as traditional savings accounts. Your deposits are protected by the FDIC up to $250,000 per depositor, per institution, in the event of a bank failure. Always verify that the institution is FDIC-insured.

How much money can I realistically save by adopting Barefoot Banking?

The amount you can save varies, but many individuals can save hundreds of dollars annually by eliminating banking fees. For example, avoiding $10/month in service fees, $60/year in overdrafts, and $50/year in ATM fees already totals $230. Additionally, earning higher interest on savings can add hundreds more, potentially leading to $500-$1,000+ in annual savings and increased earnings.

What are the best free budgeting apps for 2026?

Some of the best free budgeting apps for 2026 include Mint, Empower Personal Dashboard (formerly Personal Capital), and many banks' proprietary apps. These tools allow you to link accounts, track spending, and set financial goals without a subscription fee.

Can I really invest without paying any fees?

Yes, you can invest without paying trading fees. Many major brokerage firms like Fidelity, Charles Schwab, and Vanguard offer commission-free trading for stocks and ETFs. While there might be expense ratios for the funds themselves, you can choose very low-cost index funds and ETFs to minimize these. Robo-advisors also offer low-cost automated investing.

Barefoot Banking Blueprint: Maximize Free Financial Tools |…