Make sure you got proper tax credit for last year's retirement contributions if your adjusted gross income was under $25,000 (for singles) or $50,000 (for couples). The retirement tax credit of up to $1,000 for lower earners is one of the most overlooked tax breaks. If you deserved this break but didn't take it, it's worth amending your return!

Suspend contributions to annuities and other accounts that don't offer matching funds or tax breaks

If you have a long-term disability policy, investigate the savings if you opt for a longer waiting period to reduce premiums (if you have an emergency fund or other income to bridge the gap)

Consider "refinancing" your term life insurance; rates have dropped in the past decade so you might be able to qualify for a lower premium

Use the weekly grocery store circulars to see what's on sale and plan meals accordingly

Avoid over-packaged, over-processed and highly advertised foods. The closer a food is to its natural state, the less it tends to cost

Cook once, eat twice: Double whatever you're making and freeze the excess for a later meal

Bring lunches and snacks to work. You might be amazed how much you’re spending at the vending machine!

Avoid repair bills by maintaining your vehicles properly with regular oil and filter changes

Raise the deductibles on your auto-insurance policy, and be sure you’re getting all the discounts you deserve, such as good-driver, good-student and multiple-car discounts

Turn off lights, TVs, computers and other electronics when not in use

Install a programmable thermostat so your home is heated or cooled only when you're actually there.

Use shades, blinds and drapes to regulate your home temperature: Keep them open in the winter to let in light and drawn in the summer to block the sun's rays.

Use a clothesline and use your dryer just to soften air-dried clothes.

Wash only full loads of dishes or clothes.