You may already know that fees are additional costs charged in various financial transactions, including loans, bank services, and credit cards. These may include processing fees, late fees, and annual fees, depending on the specific service or product. Fees vary in amount and frequency, often depending on the lender or service provider. Being aware of possible fees helps individuals make informed financial decisions and avoid unexpected costs. Managing these fees carefully allows for better budgeting and financial planning while minimizing extra expenses.