Recession 101 :: 5 Ways to Save Today

1. Drop The Land Line
Eliminate the home phone and opt for a better price from Skype, or your cell phone. Click Here to buy SkypeOut credit to make cheap calls to landlines and mobile phones. Try high speed cable from your cable company a try if your phone company won't give you internet access without having a land line.

2. Save Money on Electricity
Every night, turn off all electrical items from the plug. Use CFL bulbs, and turn off the computer if you won't be using it for an hour or more. Use nightlights that only come on in the dark.

3. Save Money on Eating
Cook from scratch, and eat from a stocked pantry. BeingFrugal.net reminds us to cook large amounts and freeze the extras. Bring lunch from home and save your leftovers!

4. Shop The Sales for Clothes
Watch the ads in your Sunday paper to follow the best deals. HowtoStayafloat.com tells us to combine sales or clearances with coupons when you use your store card on certain dates. Shop on Ebay, Amazon, and at Consignment shops for great deals on high quality items.

5. Pay More on Your Mortgage
As with all debt, paying it off sooner is better than later. Add an extra payment each year, or each month and you will save around 20% of the total interest you pay.