Charges, often referred to as fees, are amounts of money that individuals or businesses must pay for specific services or products. These fees can vary widely depending on the service provider and the nature of the service. For example, a bank may charge a monthly maintenance fee for maintaining an account, while a restaurant may add a service charge to the bill for dining. Fees can also be associated with various activities, such as membership fees for clubs or organizations, transaction fees for online purchases, or late fees for overdue payments. Understanding these charges is essential for budgeting and managing expenses effectively.