How to save an extra $50,000 - Archive- CNNMoney.com

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

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