http://www.daytipper.com/Today's tips from Daytipper, your online daily resource for useful advice, tips, tricks, techniques and hints.eninfo@daytipper.com©2008 DaytipperFriday, July 04, 2008Friday, July 04, 200860http://www.daytipper.com/http://www.daytipper.com/http://www.daytipper.com/Tip/38605/Forget_the_tax_savings_and_dump_your_mortgage_now.aspxMany folks dont realize that having mortgage interest to writeoff w/ the IRS is minimal compared to how much you are paying out to the lender in the form of mtg. pymts. Here is an example: $100k income w/ $25k in Mtg. pymts. ($20k in interest!). The person gets a $20k deduction. The savings in taxes (35% tax rate) is $7k. But, they still had to pay out $25k to their lender! It doesnt make sense to keep a tax deduction when it actually costs $18k.Colleen in Parkton, MDMon, 30 Jun 2008 00:00:00 GMThttp://www.daytipper.com/Tip/38732/Stash_dollar_bills_in_thin-necked_bottles.aspxStash dollar bills in alcohol bottles or any other bottles with skinny necks. This way, in order to dip into the savings, you'll have to break the bottle. When the bottle is full or you are ready to use the money, chill the bottle in the freezer to make it easier to break.Megan in Ludlow, MAThu, 26 Jun 2008 00:00:00 GMThttp://www.daytipper.com/Tip/37906/Avoid_paying_too_much_on_property_taxes.aspxObtain a copy of your tax assessment. Check for any in errors in square footage, etc. Also make sure you are being assessed at a fair market real estate value. If there is an error and you have it corrected you may save money.Lindsey in Mechanicsburg, PAMon, 23 Jun 2008 00:00:00 GMT