8 ways to save

Each of these ideas could help you keep more money in yourpocket in 2009. Incorporate all of these tips, and you could save hundreds of dollars. Apply that as a prepayment to your mortgage, and you'll really experience the power of saving!

1. Consider getting a roommate or renting out your basement. Sharing home expenses or adding rental income could help cover a substantial portion of your mortgage costs. If you're interested in renting out space within your home, ensure that it meets the requirements for a legal apartment.

2. Change your furnace filter regularly. A clean and well-maintained unit could reduce your heating bill by up to 5%.

3. Install a programmable thermostat. Set it to reduce energy usage when you're asleep or away, for savings of up to 33% on your energy bills.

4. Bundle your services. Buying your cable, internet, and phone services from just one provider could save you as much as $25 a month. Plus, using the same insurance provider for both your home and auto insurance can help you save on premiums.

5. Shop around for insurance. Next time your home or auto insurance comes up for renewal, get quotes from other providers, as well as your own. You may be surprised at how much insurance rates vary from company to company.

6. Shop at stores that give you points. Be sure to use the points you collect - your points could add up to free purchases.

7. Sell what you're not using. Next time you clear out your unused items, sell items that are in good condition online through a site like eBay, Craigslist, or Kijiji, or by hosting a garage sale. Or donate them to a charity that will provide a tax receipt.

8. Start a carpool. Not only will you save money, but you'll reduce vehicle maintenance costs through less wear and tear on your car and help the environment.