Overdraft charges now 60% of checking fees Going into the red is becoming an even bigger financial drain

 Last year, consumers paid $32 billion in overdraft fees, up $400 million or 1.3% from 2011, according to a recent report by economic research firm Moebs Services in Lake Bluff, Ill. The rise came almost entirely from a greater number of overdrafts, says Mike Moebs, CEO and economist at Moebs Services. "People need more overdrafts due to a fall in net pay," he says. Overdraft fees averaged $29 each in 2012, unchanged from 2011, but were up 5.4% from 2010 and 11.5% from 2009.

These folks should've taken my Alg 2 class and learn how to do a cash flow plan. 

full article here >> http://www.marketwatch.com/story/overdraft-charges-now-60-of-checking-fees-2013-06-11 

Answers to study guide on the skydrive folder

to see the answers to the study guide questions click on the Skydrive tab above, then click on the folder "Final Exam Study guide answers" .

Final review/ study guide

-          HW:  study guide/review

-          Ch 5, p 296, 1, 5, 10, 11, 12, 37, 40

-          Ch 6, p 356, 1, 10, 11, 22, 32, 33, 34, 38, 39, 40, 41 bonus.

-          Ch 7, p418, 7, 8, 18, 36, 37, 39, 42,

-          Ch 8, p472, 8, 9, 16, 17, 28, 29,

-          P470, 32- 35, 48, 49.