Question

Which is the best strategy for avoiding overdrawing your checking account?

1) Keeping track of your account balance regularly
2) Setting up automatic bill payments
3) Avoiding unnecessary fees by using your bank's ATM
4) All of the above

Answer 1

The best strategy for avoiding overdrawing your checking account is to keep track of your account balance regularly, set up automatic bill payments, and avoid unnecessary fees by using your bank's ATM. So, the correct answer is option 3.

Step-by-step explanation:

The best strategy for avoiding overdrawing your checking account is to keep track of your account balance regularly, set up automatic bill payments, and avoid unnecessary fees by using your bank's ATM. By monitoring your account balance regularly, you can ensure that you have enough funds to cover your expenses.

Setting up automatic bill payments can help you avoid forgetting to pay your bills and incurring late fees. Additionally, using your bank's ATM can help you avoid fees associated with using other banks' ATMs.

So, the correct answer is option 3.