Extreme Ways to Save Money
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How Far Are You Willing to Go?
Talk about some belt tightening! The national savings rate has skyrocketed to 6.9% -- a 15 year high.Some analysts are predicting a double-digit savings rate next year as this recession scares consumers into a “back to basics” mentality not seen in our country for a long time.That may put a damper on how quickly the economy turns around, but it’s great long-term news as people spend less, borrow less and save more for their future. Personal finance experts Ken and Daria Dolan of Dolans.com, applaud the efforts, but have been a little surprised at just how far people are willing to go in their efforts to save.
Check out these 17 extreme ways to save. You be the judge -- smart ideas or outrageous?
First Up: Finders Keepers
Extreme Ways to Save Money
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Interest Rates
| Type | Current | APR |
|---|---|---|
| 30 yr fixed mtg | 5.02% | 5.16% |
| 5/1 ARM | 4.18% | 3.79% |
| $30K HELOC | 5.22% | 0.00% |
| 36 month new car loan | 6.67% | 0.00% |
| 1 yr CD | 1.56% | 1.57% |
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http://www.filife.com/stories/10-ways-to-cut-grocery-bills