Stretch Your Paycheck
By Candace Bahr

Wait! Before you reach into your pocket you might want to read this.

Here are 4 ways to stretch your paycheck and put your money back in your pocket!

1. Switch to a free ATM card. Automatic teller machines (ATM) are a great convenience, but if you're being charged a fee to use them, the costs can add up. If your bank charges a fee find a different bank. ANNUAL SAVINGS: $30+ (assuming a fee of $1.50 x 26 transactions).

2. Ask for better telephone and credit card rates. Competition is so fierce you may be able to get a lower rate on either, just by asking. Some companies are willing to lower their rates because it costs more to find a new customer that to keep a current one, even after the discount. ANNUAL SAVINGS: $50+ (depending on use).

3. Pay off credit card debt. By setting a goal and sticking to it, you can pay off your credit cards and pocket the annual fees or interest charges. ANNUAL SAVINGS: $75+ (depending on use).

4. Add more to your mortgage payment. Paying an extra $25 a month on a 30-year, $100,000 mortgage at 9% can shave four years off the loan and save you $30,000. ANNUAL SAVINGS: $1,150 (over the life of a 26-year loan).

Follow these steps and you can stop giving away your money, and start saving it.