Today we are going to focus on some very practical ways to save money. The Power for your Pocketbook begins right at home!

First, take advantage of lower interest rates. Now is the time you might want to think about refinancing your mortgage. If you can reduce your interest rate by one percent or more, it is often beneficial to refinance. This is particularly true for those with high rates due to less than perfect credit. Start by asking your current mortgage lender about lower rates; also get rid of your Private Mortgage Insurance.

If your down payment was less than 20%, you are probably paying PMI. Once you have a 20% cushion through reducing your debt and home appreciation contact your mortgage company to start the process of removing the PMI.

Another great idea, combine your cable, internet and telephone service. Companies now offer combined services that not only cost less, but offer the convenience of a single bill.

Blessings,
Robin