Practical money saving tips

Practical money saving tips.

Manage costs of the necessities. Buy generic, use coupons and buy items when on sale when at the grocery store. Compare insurance rates to see if you can get it for less. Get rid of your land line if you don't use it much.

Try negotiation. Call your cable company and ask for a lower rate. Apply for a lower mortgage rate. Ask for a discount at stores if you know you can get it for less at their competition or if the product has a little defect. If you pay cash for bigger ticket items, ask if you can get a cash discount.

Cut out interest and fees whenever possible. Don't use an ATM that charges $2 to withdraw $20. Use free checking at your bank. Some banks offer online bill pay and you can save money on stamps. Pay off your credit card every month so you're not paying interest on food you ate a few months ago.

Pay less taxes - Legally of course. Just do the research (IRS.gov has the tax laws on their site) of what deductions you can take like the home buyer tax credit and deductions for charitable donations.