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11 Money-Saving Strategies

In challenging economic times, people look for different ways to save money and clean up their finances. It pays to educate yourself so that you can make informed decisions about budgeting, investing and other aspects of your finances. While the biggest savings come from limiting your spending to the cash in your wallet, the trick is to set reasonable goals.

Simple steps, such as paying off your credit card balance each month to increasing your contribution to your retirement account, are attainable and worthwhile goals. A good approach is to start with a few things that are so easy to fix that you'll stick with the program.

Another way to save is to take a second look at big-ticket items, such as insurance. For example, switching from whole life to term will save money and increase cash flow.

You may be surprised how quickly these changes can add up to real money in your pocket.

Read on for more money-saving ideas that can improve your financial position in the months and years to come.

By Jessica NaziriUpdated 17 March 2012

Photo: Glow Images, Inc | Glow | Getty Images