Sometimes an easy way to get more money is to make the money you have work harder for you. I’ve been reading up on ways to be smarter about my money. There are lots of ways to make the most of what you earn, and most of the suggestions are actually just smart money management. For example, avoid late payment fees. Do not write checks on accounts that don’t have that much money already deposited and cleared by your bank. Pay off the accounts that charge the highest interest rates. Keep track of all your debits and cash card transactions so that you do not accidentally overdraw your account.
These sound simple but you would be surprised how many people ignore them or get careless and end up paying out a lot of money in unnecessary fees.
Another good idea is payoff your mortgage as quickly as possible. If your home mortgage allows you to make extra payments, you can pay your mortgage payments twice a month instead of just once a month and save a lot of money over the term of your mortgage. Making payments twice a month pays down the principal amount faster than once a month, and faster means that you save money. Check with your mortgage company and ask about early mortgage payoff methods that meet the terms of your mortgage agreement.