Always shop around and compare banking products, too.

If you are trying to save money you shouldn't just look at your savings at the stores. You should also look at banking products. Which bank will pay you the HIGHEST interest rate for saving your money and keeping it with their bank? Interest rates change all the time, so it is important to keep up!

Today, I noticed Bank of America has awful interest rates. They offer a .01% monthly interest rate for their checking accounts. BLAH! So, if you have $2,000 in your BOA checking account, you only make 20 cents per month and it is time to find a new bank.

USAA offers a .1% monthy interest rate on their savings accounts, which is a litte better. With that same $2,000 you could make $2 per month. That's $24 per year that you wouldn't have if you were a BOA customer.

Then, I realized Capital One 360 is the best. They offer .2% interest rates on CHECKING accounts and offer you a $50 first time sign up offer. Your $2,000 has now made $50 per year.