1. Ask for Lower Interest Rates: Seriously, it could be that easy. A 5-minute call could potentially save hundreds–if not thousands. The credit card industry is a competitive market and they don’t want to lose you to another provider.

How to do it: Bluntly say you want a lower interest rate. It also couldn’t hurt to tell them if you have a lower rate with another provider or if you’ve recently received credit card offers in the mail with lower interest rates.

2. Make it Automatic: Have a a portion of your paycheck automatically go toward your company’s 401(k) account.

Feel like your paycheck is stretched too much as it is? I know, but it’s still a good idea participate in your 401(k) program–even $25/paycheck will add up.

3. Slow Down Your Internet Service: If you’re not spending hours playing sophisticated online games, it’s likely you don’t need “super-speedy” Internet service. Take advantage of the “slower” service plan–you probably won’t even notice a difference and you could save big bucks each month.

Now, please don’t just read these saving money tips and forget about them! At the very least, follow tip #1 and call your credit card companies today.

If the credit card company already has you pinned under high interest rate and a balance that you just can’t reduce, it may be time to think about filing bankruptcy.

Chapter 7 bankruptcy was designed to eliminate credit card debt.

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