Let’s Break It Down—It Cost More Than An Hour’s Wage

Have you ever thought about the cost of anything compared to your hourly wage; i.e. a loaf of bread, a gallon of milk or gasoline, or a pound of butter? They all can still be purchased with less than one hour of wage.

However, what about convenience fees and penalty fees? When you compare those to your hourly wage, you will probably think twice about continuing to pay them. For example, it can cost anywhere from $3.95 to over $15 to pay a bill by phone or by wire. In such situations, an overdraft, over-the-limit or late fees of $38 more or less might have been assessed.