One common budget leak are late fees. The good news is that this is a money leak that can easily be plugged with a little bit of planning and automation. Even though I teach financially literally, I was recently hit with two late fees. Most of my bills are automatically deducted from my checking account, but I don’t automatically pay my cable or electricity bills because of a bad experience where too much money was mistakenly deducted from my account. Thus, I took those bills off of auto-pay in order to first approve the monthly amounts and, if necessary, resolve the issue before any money is taken from my bank account.