9. Cut the booze
There’s nothing wrong with an occasional night out with the guys or gals, but beware of the bar. Consuming alcoholic beverages in public venues can be quite costly, particularly if you go when it’s not happy hour. And let’s not even consider what getting a DUI could cost you.
OK, let’s consider it after all: Up to $15,000 or more.
10. Renegotiate your debts
Call around to each of your creditors and attempt to have your interest rates lowered.
And how about refinancing your home? The savings from refinancing a $250,000 30-year, fixed-rate mortgage with a 5.5 percent interest rate will vary depending on the terms. But a monthly payment on a $250,000 loan at 4.5 percent is about $153 a month less.
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