Mortgage lenders, loan and credit card companies all use the law of compounding to make sure they squeeze every last penny that they can out of you.  Not only do you pay interest on your loan, but you pay interest on the interest.  This is how financial companies keep us in debt for as long as they possibly can and they certainly don’t want you to know these tips for saving money!

* Stay With Your Current Mortgage Provider

You definately read it right! Something that many people are not aware of, is that a changing your mortgage lender will result in your interest payments being reset to start from the beginning again. Since the majority of your monthly mortgage payments in the first 12 years is actually paying the interest rather than the actual loan, when you switch to a new lender you actually restart this process.  This means that the more times you change lender the more interest you will pay over the lifetime of the mortgage.  What a waste of your money!

* Ask  Your Credit Card Company for a Lower Rate

Another one of my top tips for saving money is asking your current credit card provider to lower their interest rate for you! Just give them a call and ask them. Point out what a good customer you have been, how you pay on time and that you would like a reduced rate please.Occasionally, the sales advisor may appear to be surprised, but you can generally get a discount if you negotiate the correct way.

* Apply simple negotation strategies to save money on a large variety of things

Practise these tips to see how you can buy almost anything, from a couch to a cucumber, for a price significantly lower than that of the original ticketed price.

Act  reluctantly – Pretend you are not interested in the product and watch the salesperson lower and lower the price until you buy!

Ask for more than you want – Always offer a price lower than what you are actually willing to pay.  9 times out of 10 you will pay either what you wanted to or less than you expected.

Which of these top tips for saving money will you try?  If you decided to do all of these things you could save yourself a whopping 0 per month plus – think of  how that saving could be used!