How to save an extra $50,000

Chop your mortgage
Refinance a 30-year mortgage to a 15-year loan, and you could save $50,000 in nine years. more
Move to a cheaper locale
Relocate to a less expensive area to save $50,000 in five years more
Do your own maintenance
Ditch the pros and tackle routine home maintenance to save yourself $50,000 over 10 years. more
Cut one big expense
Focus on a single large expense you can reduce or eliminate to save $50,000 over seven years. The Vincent family did it. more
Kick costly habits
Change your relationship to the stuff you buy -- no more fancy cars! -- and save an extra $50,000 over eight years. more
Add up the small stuff
Cut the cost of the stuff you need to buy and save an extra $50,000 in seven years. more
Go to a public college first
Encourage your child to enroll at a state university or community college for the first year or two, then transfer to a private school. The Crowes saved more than $100, 000 that way. more
Nab more merit money
If your kids qualify for a generous grant based on academic achievement, you could save $50,000 over four years. more
Grab overlooked tax breaks
Take advantage of your employer's tax-advantaged savings accounts and cash in on deductions to save an extra $50,000 in seven years. more
Lower investment costs
Shift your portfolio to cheaper, more tax-efficient mutual funds and ETFs to save an extra $50,000 over seven years. more

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.