Overdraft protection is a feature a financial institution or a bank provides to customers when the balance in the account does not have enough money to pay for the most recent transaction(s).This feature may or may not cost extra.

Example: You purchase a pair of new shoes. The total amount for the shoes is $98.56. The purchase is approved, but you only have $86.32 in your checking account. The difference of $12.24 will be paid by the bank, until you deposit the $12.24. If you have ‘overdraft protection’ on the account.

If you do not have ‘overdraft protection’ your account will be overdrawn by $12.24, and additional fees may be added for you to also pay because you now owe the bank $12.24. When an account is overdrawn, banks add fees because, you did not have enough money in the account. Additional fees can start at $5 and up. These additional fees can increase daily until the money is collected from you to cover the $12.24, which will have increased because you did not have enough money in the account to begin with.

As we approach the holiday season, be mindful of the balance in your account(s). Check your balance daily and keep a record of what you are buying and the amount. Hint “there’s and app for that”.

As always keep your mind on your money! www.lalanonprofit.org

L.A.L.A. Nonprofit Org.

I am originally from Richmond, California. I have obtained over two decades of payroll experience and knowledge and hold a national payroll certification as well as a certification in financial education. I have been blessed to establish a nonprofit organization, L.A.L.A. Nonprofit - Leave A Legacy Always. The mission is to help you improve your quality of life through financial education, while learning how to leave a legacy always. We also help our youth understand how their payroll checks are calculated and provide financial educational assistance. L.A.L.A. Enterprise, LLC, is also established, as an indie-author, I self-published $agacious $candals, the first in a series. By the grace of God, I wear many hats as a parent, grandparent, and business owner. I have yet to achieve my ‘greatest accomplishment’ and I am looking forward to pursuing "it". Please stop by our website and subscribe for updates www.lalanonprofit.org

Leave a Reply

Pretty and Black Owned

An Elevated Wine Experience with Tastee Wines: Meet The CEO Notable Atlanta Media Personality and Certified Dating Coach T. Marie

T Marie’s interest in beauty and media began at a young age. She grew up in the small town of Hickman, Kentucky, with a strong desire to entertain running through her veins. She quickly realized that her vivacious personality and fierce work ethic were destined for a bigger city, so she packed up her two-year-old […]

Read More
Pretty and Black Owned

Jewelry For Her Crown Meet CEO Daria Dana

Zigleys is pioneering fine jewelry specifically for locs, braids, and twists. Our mission is to illuminate these already beautiful traditional hairstyles through adornment in our line of gold and diamond hair accessories. We believe that fine jewelry does not only belong on your neck and wrists but in your hair- your crown– too. The brand […]

Read More
Mental Health/Self Care New Online Pretty and Ambitious Pretty and Hustling Pretty in Sports The Pretty Boss Mom

“Running Circles” with Michelle Barnett: The Philanthropic Powerhouse Balancing Corporate Success and Charity

Welcome to an engaging and inspiring interview with our guest, a true force of nature – a marathon mom and devoted grandmother who seamlessly balances her corporate career with an unwavering commitment to philanthropy. In this conversation, we have the pleasure of delving into the extraordinary life of this remarkable woman, who epitomizes the essence of determination, compassion, and giving back. Prepare to be inspired as she shares her unique journey, recounting how she conquers marathons and triumphs in her corporate endeavors while finding time to make a meaningful impact through her philanthropic pursuits. From the thrill of crossing the finish line to the joy of making a difference in the lives of others, our guest embodies the true spirit of resilience and selflessness. Join us as we uncover the captivating story of a marathon mom and grandmother, whose unwavering dedication and zest for life serve as a testament to the transformative power of balancing personal passions with corporate success and philanthropy.

Read More
%d bloggers like this: