How to Save Money on Everyday Expenses

During these challenging economic times, every dollar you save can make a difference in your finances — skipping a $3 coffee or dessert every day can add up to more than $1,000 by the end of the year. And don’t overlook the following strategies, which can save you hundreds of dollars without demanding any sacrifices.

Avoid out-of-network ATMs. If you use other banks’ ATMs, you could get hit by a $3 fee from the other bank plus $2 from your own. Making that mistake once a week could cost you more than $250 a year. Use your own bank’s ATM, even if it means signing up for a fee-free account at a more-convenient bank. Or avoid a trip to the ATM by using your debit card for purchases.

Save on energy bills. Weather-stripping doors, sealing windows, and insulating your attic can save up to 20 percent in heating and cooling costs. See the government's Energy Star home-sealing page. Do an energy audit online at the Lawrence Berkeley National Laboratory Web site.

Use effortless coupons. Clipping coupons is sometimes dismissed as a time-consuming way to save a few dollars. But signing up for grocery-store loyalty programs can save you money every time you check out.

Have credit-card companies pay you. Making the most of rebate cards can earn as much as five percent back on your purchases. But this only pays off if you stick with fee-free cards and pay the bill in full by the due date every month to avoid costly interest charges.