With recent news of an economic recession, it important to make every penny count. Steve Santiago from bankrate.com suggests five ways to stretch your dollars. 1. Homeowners insurance - If you can afford to, consider raising your deductible to $500 to $1,000. You can also reduce you premium by reducing coverage on the household contents portion of your policy. 2. Auto insurance - Start by shopping and requesting multiple quotes. Again you can save money by raising your deductible, but do not skimp on liability coverage. The average cost of a crash related injury is more than $68,000 per person. If you're in a nasty accident you could lose everything. 3. Groceries - Americans spend nearly 14 percent of the household budget on food. Of that amount -- 25 percent is wasted. So -- buy only what you can use and cook only what you can eat. Use coupons and meal planning to buy only what you need. 4. Communication - Premium cable channels and cell phone plans with thousands of minutes and o...
