Are you wondering how you can save a chunk of money in the New Year? MSN Money recently posted an outstanding article on How to save $5000 in 2012 linking to CESI’s site following an interview with CESI’s Director of Outreach – Tracy East.

Some of the ideas you might want to try:

1. Analyze your spending and figure out where your money is going. It’s easier to make cuts when you know what you are spending on.
2. Consider your expenses for utilities such as cable, phone and electricity. There are many ways to save when you give them individual scrutiny.
3. Take a look at your insurance policies – switching could save you a lot.
4. Examine your food costs – cutting back on eating out, switching from name brand products to store brands and eliminating extras such as bottled water can make a huge difference.

There are a lot of ways to save when you get in the mindset of scrutinizing your expenses. Make 2012 a year to build your savings with small cutbacks that can add up to huge results!