How to Save $500 This Month

Slash your spending with these tips.

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Get creative with your commute.

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According to the California Energy Commission, commuters would save an average of 30 percent on their fuel costs if, instead of driving alone to work, they carpooled, took a bus, rode a bicycle or walked. Considering that the average household spent $2,912 on gasoline in 2012, according to the U.S. Energy Information Administration, a 30 percent savings could equate to more than $70 a month.

Next: Reconsider your insurance.

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