3. Get rid of your TV bill

More isn't always better. For some, buying all the bells and whistles that come with specialty channels seems like a great idea -- at first. But after awhile, they discover that they don't actually watch all those extra channels.

If you're looking for places to save forgoing cable TV is a pain-free place to save money. If you're still jonesing to see some of your favourite shows, you can still have it. Read our story How to Get Your Favourite Shows Without Paying for Cable to find out how. You can also rent new and old releases from your local library for free. Or, even better, spend quality time with your loved ones without a TV.

Your savings: This will vary according to your current package, but the savings will be at least $41 a month or $492 a year.