Web Extra: Save $50 a Day!

From heating to haircuts, food to flights, the March issue of Kiplinger’s Personal Finance has found ways to trim costs, delivering big gains with little pain. Courtesy of Kiplinger's Editor Janet Bodnar, here are just a few of the ways that you can save $50 every day:

Switch Supermarkets. Six-word strategy for saving on food: Get in car. Drive to Costco. Kiplinger’s compared prices on 37 staples at Costco, Safeway and Whole Foods—and found a substantial price discrepancy (even factoring in Costco’s $50 annual membership fee). ANNUAL SAVINGS: $1,790

Boost Your Deductibles.
Increasing the deductibles on your comprehensive and collision auto coverage from $500 to $1,000, or even $2,500, can reduce your premiums by 12% to 18%. ANNUAL SAVINGS: $1,790

Get Free Checking. Brick-and-mortar banks charge an average fee of $12 per month in checking accounts and require an average minimum balance of $3,500 to avoid it. With an online bank such as Salem Five Bank, pay no monthly fees and earn 2.75%. ANNUAL SAVINGS: $144

Install a Smart Thermostat. Why heat or cool your home when you don’t need to? With a programmable thermostat, you can put your temperature preferences on autopilot. ANNUAL SAVINGS: $180