Adjust your W4. Are you paying too much in federal taxes? If you get a large tax refund every year, you are probably giving the government too much money. Adjust your federal withholding and put extra money in your pocket with each paycheck. Check out the withholding calculator at the IRS website.
Take Advantage of Free Money. If you haven't signed up at Revolution Money Exchange, you should definitely consider it. RME is like Paypal but without the fees. Right now, they are offering $25 just for opening an account. It takes less than five minutes to sign up, doesn't cost anything and the bonus is instant.
- If you want to open a new savings account instead, consider using ING Direct, you get a $25 bonus when you open a new account with at least $250.
- If you want to get a little extra money from your everyday purchases, consider opening a Upromise account. Upromise contributes a percentage of your purchase to a college savings account when you shop at participating stores or buy participating products. Anyone can open an account whether you have kids or not. If you don't want to use the savings for college, you can withdraw the funds from the account for free.
- Have a little extra time on your hands? Consider signing up for survey sites like Mypoints where you are paid to take surveys, shop online, etc.
Save Money on Expenses. Do you really need all the premium channels in your cable package? Do you need home phone service and cell phone service? Can you reduce your cell phone to a lower plan? Do you pay too much for insurance? Take a few minutes to get quotes from multiple auto and home insurance companies to see what you can save. InsureMe.com is a great place to get multiple free quotes.
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