Now that sounds like one of the hot, too-good-to-be-true headlines, doesn’t it? I’d think the same except that it’s true! And frankly, it was one of the easiest $1000 I’ve ever made! How did I make this fast cash? Easy! Let me explain:

As part of my business downturn aftermath, I had to cut back on every expense I could. So I went through my automatic “monthly charges” to my credit card and found that every month I was making four payments equaling $82.85. And frankly, I really didn’t need the things these charges bought me.

I mean, it’s not like I was totally wasting the money. But they weren’t essential expenses: delivered water, an online movie rental subscription, exercise program, and a business review. Those four automatic charges to my credit card added up to $82.85. When I multiplied that by 12 it amounted to $994 a year. Add the interest rate for the charges and it was well over $1000!

I got on the telephone and canceled all of the services. This exercise took me less than 20 minutes! The only thing I miss at all is the online movie rental subscription, but I’m willing to forego that for a bit longer until I am recovered from the economic downturn I experienced.

Take a few minutes and go over your credit card statements. Are there charges that you can either cancel permanently or for a period of time? You might be surprised at the things you are paying for that really aren’t all that important to you!