More Money-Saving Life Hacks

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More Money-Saving Life Hacks
When microwaving leftover pizza, did you know that placing a cup of water alongside your slice will help keep the crust from getting chewy? You can also use this trick to fluff up leftover rice, bread and other foods that dry out quickly. Here are some more life hacks that can make your life easier and save you money.

Instead of throwing out your old razors, you can extend their life by using them to clean pilling off your clothes and furnishings. Just be careful when moving around seams, buttons and stitching.

Are your wooden floors and furniture all scratched up? Skip the store-bought polish and restore that shine easily with this natural formula. Simply mix 3/4 of a cup of olive oil with 1/4 cup of white or apple cider vinegar, rub the solution into the wood and watch the luster return like magic. While you may have to reapply every now and then, this trick can make your finishes look like new in no time.

Lastly, did you know that microwaving your kitchen sponges for two minutes can kill 99 percent of the germs inside? First, make sure your sponge is microwave safe and doesn't contain any metal. Then start by saturating the sponge with water before you heat it up. This is important since a dry sponge may catch fire. After it's soaked, microwave it for two minutes at full power. Once it's done, let the sponge cool for a few minutes because it's going to be hot. Not only will this trick sterilize and renew your old sponges, it'll eliminate any foul odors, too.

If you're looking to save money in easy ways, give these simple life hacks a try. Every penny counts!

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More Money-Saving Life Hacks -- Savings Experiment

Securing a favorable interest rate is a prime way to maximize savings. On a major loan repayment like a mortgage, a little upfront effort can save you considerable amounts for years to come. To cash in on this frugal hack, you need to get your credit in shape. That means checking your credit history, making payments on time (and in full), and reducing your debt to available credit ratio as much as possible. It means paying down your balances on all your credit card accounts. The higher your credit score, the lower your interest payments and the higher your savings.

Adjust your withholding exemptions so that your payments to Uncle Sam match your actual tax liability, and you won't wind up with a big refund come April. As exciting as it is to get that big check in the mail, that's money you've been loaning to the government for free rather than having it grow in your own savings and investment accounts. As of the start of April this year, the average tax refund was $2,831. That's $235 a months' worth of money that could be working for you.

Just 10 to 20 minutes on the phone with your cable company, cell phone rep, or any other service provider can result in recurring monthly savings through old-fashioned negotiation. If you're not getting anywhere after asking for a lower rate, ask for the cancellation (or retention) department and see what offers start to come in. If you're unable to haggle down to get the savings you want, you can always shop providers to get your service elsewhere -- probably with a new-customer discount rate, too.

While bulk buying can sometimes lead to unnecessary purchases and overspending, it's a great strategy for savings on nonperishable items like paper products, cleaning supplies and alcohol. When you stock up, you save on the unit price and the trips to the store to restock.

Other than the obvious benefits of reduced health care costs over time, exercising and living a healthy, smoke-free lifestyle can provide some more immediate savings on your insurance premiums.

More stuff equals more to maintain, clean and devote time and energy to. From the size of your home to the size of your clothing collection, more "stuff" generates more expenses. Downsize and watch your savings soar.

For each year after full retirement age that you delay taking Social Security benefits, you accumulate a permanent increase in your benefits of 5 to 8 percent until age 70. This one strategy can increase your Social Security retirement income by more than 25 percent. It would take a lot of penny-pinching to add up to that kind of income boost.
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