10 Easy Ways to Save Money in 2013

In the theme of Christmas and the spirit of giving, I plan to use the next two weeks leading up to Christmas to count down the 12 Days of Christmas in all its Foolish glory. In my rendition of this Christmas tale, you won't be hearing about turtledoves or French hens, but you'll probably hear about great ways to save money in 2013 or about CEOs who laid rotten eggs in 2012.

In yesterday's inaugural "12 Foolish Days of Christmas," we looked at 12 dividend doubles in 2012 and one stock to watch in 2013.

Sing with me, folks: "On the 11th day of Christmas my true love gave to me..."

So, here they are: 10 easy and great ways to save money or just put a few extra dollars in your pocket in 2013!

I'm a realist and I understand that debt arises from unforeseen circumstances for many Americans. What people should do, though, is take a good look at their credit card statements and focus on paying down their highest-interest account(s), even if it means making smaller payments on lower-interest credit cards. For instance, retail chains routinely charge an APR of more than 20% on their credit cards. If I were a revolving-credit cardholder, I'd be focusing every dollar I had on paying this off ASAP! This is a similar trend you'll find throughout the department store sector.

2. Correct your tax status
Enjoy getting a big fat refund at the end of the year? So does the government, because they don't have to pay you a cent in interest on the money you overpaid them by failing to properly account for your tax status. Too many people overpay on their taxes during the course of the year, cheating themselves out of money-generating returns. While it's impossible to predict exactly what you'll make in the course of a year, sit down and determine what your rough tax implications are now to ensure you don't grossly overpay in 2013!

7 Reasons Why Your Tax Refund is Less Than You Think

3. Buy dividend-paying companies
There are nearly 2,000 companies on the major U.S. stock exchanges paying out dividends in some form; how many do you have in your portfolio? Dividends aren't free money (you will be taxed at 15%, or possibly even higher if we go over the fiscal cliff), but they offer a way for corporations to share their profits with shareholders. Not only do you get the potential for share price appreciation, but stable names like Coca-Cola (NYSE: KO ) and Johnson & Johnson (NYSE: JNJ ) have both increased their payouts for 50 consecutive years!

SLIDESHOW: 7 Naughty and Nice Stocks of 2012

4. Buy a bond
Still scared of the volatility of holding individual stocks? No problem; buy a corporate or government bond instead! ExxonMobil (NYSE: XOM ) bonds carry a AAA rating (one of only four stocks to carry the pristine AAA rating) and their yield will vastly outpace the current inflation rate.

5. Make an RRSP contribution
Want a nice tax deduction while investing for your future? Then consider maximizing your RRSP contribution each year (assuming your company offers one). Many corporations actually offer some form of contribution match on employee RRSPs, which is free money, and RRSPs allow money to grow tax-deferred until you take withdrawals from the account. Don't need a tax deduction? Consider opening a tax-free savings account, where your investment can grow tax-free.

6. Eliminate your chequing fees
Still paying chequing fees for your bank account? Well, stop it, right now! Between the emergence of local credit unions that rarely offer account fees and the ability, with most large banks, to simply sign up for direct deposit and avoid chequing fees, there are many ways you can get around a $5 to $7 monthly charge for "holding your cash."

Fees We Hate to Pay

7. Buy generic foods and products
One of the easiest ways to save one dollar at a time is to switch to generic items whenever possible. With prescription drugs this isn't always possible, but with everyday items at the supermarket like cereal, batteries, and meats, it can make quite a difference. With no brand-name premium or middleman to deal with, grocery stores can offer store-branded merchandise far cheaper than brand-name products.

8. Scour travel sites for deals and be flexible
I may trash travel website Orbitz (NYSE: OWW ) from a financial perspective, but I am an avid user of the site for my travel plans. Without question, I save thousands of dollars annually on travel because of online travel sites like Orbitz versus booking a vacation directly through an airline or hotel. I'm a realist and understand that taking a vacation is a healthy part of living one's life, so before you book that next trip, check your favorite online travel sites for deals and be willing to travel during non-peak times when rates are considerably lower.

SLIDESHOW: Travel for Less in 2013

9. Become a DIY homeowner
If you'd like to keep more of your cash now, you can do so by becoming a do-it-yourself homeowner. This means everything from doing the little things like eating at home more and making your own coffee in the morning to heavy-duty projects like painting the house yourself instead of hiring a professional. I can tell you for a fact that I spend in the neighborhood of $1,300 annually at Starbucks (NASDAQ: SBUX ), and I could probably shave $1,000 off my annual expenses if I were to make my own coffee at home.

10. Donate
Finally, while this may sound counterintuitive, donate to those less fortunate than you if at all possible. Donations are tax-deductible and ultimately help put more money in your pocket come tax time by reducing your taxable income. Whether it's for the poor, the sick, or another cause altogether, your donations make a difference in the lives of others.