Eight Sure-Fire Ways to Sock Away $100

A jumbo 30-year fixed loan that was 6.75% before the law, for example, would have a payment of $3,892 a month. Once enacted, the buyer would be able to obtain the same loan of $600,000 at an interest rate of 5.75%.

The monthly payment would be $3,502 which would save the borrower $390 a month, or $4,680 a year.

While refinancing is a bit more complicated than the other saving methods and will take a bit more time to complete all the necessary work, the amount saved per year is huge and thus well worth the effort.

Note: To make the savings last, you need to set the money aside that you save after completing the above tasks.

If you merely congratulate yourself for saving money, but don't separate the money into another account, it will likely be spent on other things and the savings will never materialize.