Here are some tips to saving money on economic crisis :

1. Pay yourself first. It is the right time for an honest self-analysis: What is your savings behavior than last year? If it seems like all the money that you fall through your fingers, and he is overwhelmed by bills and other costs, leaving a reasonable amount, according to you, just another monthly bill was. You can always deal with a $ 50 bill? What would you buy with a $ 200? Even if you only have $ 15 or $ 20 bill better than nothing. Starts squirrel that money away for themselves, Pronto.

2. Decide where you “put the payment”. If you sock money for a number of years until you reach a goal, you have your “pay yourself first” money could invest an automated trust unit or other plan equity funds focused on. If you use more cash than necessary, consider an online savings or money market account to your current bank account is bound. Many of these online accounts are insured by the Federal Deposit Insurance Corp. (FDIC) and pay an annual yield of 4 percent and 5 percent or more, unlike the lean yield of about 0.2 percent to 0.5 percent for traditional savings account. If such an account see the bank rate.

3. Prepay your mortgage. savings by paying an additional $ 100 per month on the principal amount to 150,000 30-year mortgage with a fixed interest rate of 6.5 percent, more than $ 51,000 in interest and be able to retire your mortgage nearly seven years too early. An additional monthly payment of $ 20 or even $ 25 is a surprising difference. Sure, you could benefit more if you were to create an additional payment in an interest bearing account with a guaranteed return than your mortgage. And you pay off your mortgage early means that you are not the tax advantages of home for the same number of years. But if have to get a psychological advantage and at home Bet least expenditure period of interest, despite the additional payment approach is the way forward.

4. Analyze your workday expenses. Instead of eating in restaurants every day to bring your lunch from home to work as often as you can. Put your clothes to the cleaner prepayment to avoid even the extra day. If possible, where you live, you try to commute by bus or another form of public transport. It can save you money and you will be able to read and relax.

5. Discount card debt credit. Of course, the best way is to avoid use problems for him in 2007 on your credit cards sparingly and carefully, make sure you always have the full compensation in full and on time paid each month. But if you’re already in serious Pickle Card 2006 winds to a close – like millions of people – try this: credit card transfer balances on cards with lower interest rates as soon as possible. You save $ 730 if you have a balance of $ 2,000 for an 18-percent-8, 25 percent have another card to the card and you pay your balance at a rate of $ 50 per month. Better yet, transfer balances to cards with rates of 0, 1 or 2 percent, and they focus on the repayment of all, while the rate it low.

6. Say goodbye to the late fees. If you are hit with additional charges because your credit card regularly, before you get your salary, you keep calling the credit card company and ask to change your due date. It may take several months to contact for this change, but it’s worth the wait.

7. Erase the unnecessary. Read your credit card statements; remain abreast of current monthly costs that you may have forgotten. Cancel club memberships you do not use and magazine subscriptions you do not read. And if necessary stop spending hard earned money in the lottery.

8. Max your retirement. Enter as much as you can in a 401 (k) or 403 (b tax benefits) pension plans. You will receive a tax benefit system, and a portion of your contribution, your employer can match – often 50 cents for every dollar you contribute 6 percent of your salary. If your employer does not offer this benefit, please open a traditional individual retirement account or a Roth IRA and how to start saving.

9. Check your plan property. Do you have a will or living trust? If not, have ensured that this year! If all these documents ready to ensure they are current. This is particularly important if you recently had children or children when you are in your future – but whatever happens, these are vital steps for everyone to take regardless of their marital or family status.

10. Take your last train. According to the punch packed by sin “taxes where you live, you can save more than $ 2,000 per year if you want a smoking one pack per day for non-smokers. You can also benefit from much cheaper rates of insurance Life after weaning.

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