Some of the ideas from the book are reminders of things I want to do; and others are things that I would like to start doing that I've never done:
- Pay extra on your mortgage principal. If you pay your monthly mortgage plus the principal on the next month's payment, and continue to do this, you will find that your mortgage can be paid off in about half the time.
- Make sure you have replacement value on personal property insurance. If you don't, the items that are damaged will be depreciated, which won't leave much of a check to cover the damages.
- Keep a list of all improvements on your home - from a new air conditioner to a water heater.
- As for an itemized hospital bill and review it for duplicate or erroneous charge.
- Apply for college scholarships. Go to www.salliemae.com that has more than 1.9 million scholarships totaling $16 billion. Also see www.fastweb.com that has more than 1.3 million scholarships. Apply for local civic organizations' and community scholarships. High school counselors should have a list of these scholarships.
- Some students make their official part-time job during their junior and senior years "applying for scholarships."
- Use a clothesline when it is warm outside to save money on drying costs.
- When your credit card bill arrives, pay the minimum payment right away. You can always send a larger payment in at the end of the money. That will save you money on interest accruals.
- Set financial goals and determine a budget. Include hidden bills - or bills that don't occur monthly.
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