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.

35 of 63

Think small

• Talkback: Share your savings tips

Monthly savings up to: $3

Another good reason to switch to a smaller bank or credit union: The big boys (institutions with more than $20 billion in assets) charged $33.43 per overdraft, while the little guys (institutions with less than $100 million in assets) average $24.28. In fact, bigger banks charge fees that are 20% higher across the board, says economist and researcher Mike Moebs. Assuming four overdrafts a year, you'd save $3 a month with a modest-sized bank.

NEXT: Don't overinsure

Last updated August 17 2009: 9:37 AM ET

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