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.

22 of 63

Make your children less taxing

• Talkback: Share your savings tips

Almost 20% of people who are eligible for higher-education tax relief don't claim it. Make use of these breaks for kids of all ages.

NEXT: Look, but don't touch

Last updated August 17 2009: 9:37 AM ET

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Note: Savings total assumes taking the college credit and child credit for one child; ¹28% bracket. Income limits apply; cutoffs range from $130,000 to $180,000 (joint income); go to irs.gov for details.

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