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Outstanding Money Saving Tips : 62 total pages.

balance since the majority of money is going strictly toward the interest and not the principal amount. Sadly the incorrect use of credit cards is the major cause of bankruptcy. 18. Mortgage Payment Paying one additional mortgage payment each year, whether in a lump sum or monthly increments can lower a 30-year loan down to 18 years. If you pay more than one extra payment, the number of years will decrease even more. Since this additional payment will be applied only to the principal and not the interest, you end up saving thousands and thousands of dollars once the home is paid off. If you are budget conscious then home-equity loans will provide even greater savings. 19. Credit Card Interest If you have credit cards and your credit is in good standing, call your credit card company, and ask for your interest rate to be lowered. It is truly that simple. Unfortunately, most people do not even realize this is an option so they never make the call. Just tell the representative that you want a better rate on your credit card and they will take care of your request.

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