by D. P. Noe

Created on: October 18, 2008   Last Updated: October 02, 2011

One of the biggest areas where you can save money is on your home mortgage.  Are you aware that if you can make just one extra payment a year you can shorten your mortgage by 10 years? If you are making only minimum, payments to your credit card purchases, check out your statement. It now shows you if you continue making the minimum payments it will take twenty to thirty years to pay it off, so in reality you will never pay the credit card off. On the other hand, it also shows you just by increasing the amount you are paying you can pay the card off in three years. The wisest thing is to get yourself down to one major credit card and only use it if necessary, stay away from impulsive buying.

If you are serious about saving money, there are things you can do to get yourself on track. One of the easiest things is to to start with your ATM card. We have all learned to use ATM cards for everything. Check out your statements and see the extra charges for using your ATM card. When you use your ATM card to buy gas, there is usually a fee associated with using the card. If you withdraw money from a ATM machine that is not associated with your bank, you will be charged an extra two or three dollars. Find out what the extra fees are associated with your ATM card and change the way you use your card.

Check out your cell phone charges every month. One of the first things you can do to save money is keeping your cell phone bill under control. There is a lot of advertising on the TV about their newest plans available, the truth is they do not advertise their cheaper plans that are still available. If you have a lot of unused minutes on your cell phone every month, you can buy a very inexpensive phone and pay for the minutes that you actually need and use. If you do the addition over a 12 month period, it adds up to a lot of money.

Everyone wants to save money but many people fail to take the time to do the little things to save those few pennies that add up over time. Those few pennies start to add up and the time spent is well worth your time and effort. Are you wondering how to get the most out of your paycheck and have some left over to put into a savings fund? You have to make a conscious decision to be careful with your money. Stop worrying about competing with your neighbors or other family members. Learn to be happy with what you own and be proud of your accomplishments. Material items will not buy you a road to happiness and having no back up money

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