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Debt Reduction 101
Common sense tactics to reduce your debt

Teaching you to Save Money

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	Money Saving Tip
	If you're 55 years or older and retired, check with your fire insurance company to see if they offer a senior discount. The call may save you up to 10%. Some insurance companies offer this discount because retired people stay at home more and therefore spot fires sooner than those going to work everyday.
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	A piece of currency can be folded 4,000 double folds (first forward, then back) before it will tear. Source: arlington.k12.ma.us
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Double Your Money

Figure out how long it will take your money to double at a given interest rate.

Here's how it works:

Divide the interest rate into 72. Your answer is roughly the number of years needed for your investment to double. Like this:

72 = years
interest rate

For example, if you are earning 5% interest, you would divide 72 by 5. The time needed to double your investment is 14.4 years.

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