Cut your spending by $500 a month

In today's tight economy, who doesn't want to free up some cash? Trim the fat but not the fun from your budget - here's how.

2 of 63

Ditch your second (or third) car

• Talkback: Share your savings tips

Monthly savings up to: $662*

Sure, she turns heads, but that 2007 Audi A6 Quattro is an expensive mistress. Can't do without two cars? Trade it in for a new Camry and save $221 a month.

NEXT: Visit your local cobbler

Last updated August 17 2009: 9:37 AM ET

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Note: Savings for annual operating costs only: insurance ($4,992); gas ($2,218); maintenance ($734); assumes 5,000 extra miles on remaining car (2008 Acura TL), plus four weekly bus passes. Trade-in is even exchange for a 2010 Camry XLE.

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