Trying to save money can often seem like an endless series of small battles. You give up an extra cup of coffee here, you find a dollar-off coupon there, and hope these small amounts add up to something worthwhile. Over time they can, but there are occasionally big scores to be made in saving money -- one-time moves that have an immediate impact on your saving account and your morale about saving.
Here are six examples:
1. Buying a car
TrueCar.com estimated that purchase incentives for new cars were running at 8.2 percent of the sticker price as of mid-2013. On a typical new car purchase of about $30,000, that would earn you a savings of $2,460 if you make sure to not settle for the sticker price. As a rule, expect bigger percentage discounts on more expensive cars and smaller ones on lower-priced models, but careful shopping when buying a car can save you thousands.
2. Shopping for mortgage rates
When you shop for mortgage rates, it may seem that they are all more or less the same, so what's the difference? It's important to remember that little things matter, for two reasons. One is that the house may be the most expensive thing you ever buy, and the second is that you may be paying interest on the purchase for 30 years. As a result, even small differences in interest rates add up to significant dollar amounts. For example, the difference between a 4.35 percent and 4.30 percent mortgage may seem small, but on a $200,000 30-year mortgage, that difference would amount to $2,117 in interest charges -- well worth saving if you can.