If you've seen the news lately, people are worried about an oncoming recession. The interest rate is going up and number of foreclosures on homes is too. With all this worry about our nation's economy, people are getting worried about what's next and what they can do to offset the recession so the inevitable doesn't happen to them. Well, it all comes down to how you save your money.

There are many little things you can do to shave and save a few dollars here and there. This is a case where all the little things you do add up in the end. These tips on saving money can also go for those who aren't struggling, because, eventually, we'll pull out of the recession but it'd be nice to have a little more money saved up for retirement in case Social Security isn't there for you when you become of age.

To start off, look at things around the house. Most of the money you tend to spend comes in through household bills.

One way to save here is selecting a lower service package from your cable provider. Sure all those channels look great when you need entertainment but if you can get by with just the basic services for the news, you can always find other forms of entertainment that are cheaper.

Turning down the temperature on the water heater about 5 degrees can add a little extra due to less electrical usage to heat the water up and you probably wont even notice the difference. Give a call to your utility companies, most will give you other ideas to save around the house such as turning down the heat a degree or two and winterizing your home to avoid loss of heat and the heater turning on more.

As for groceries, get the Sunday paper. Here, as everyone knows, are weekly coupons but you can also find places online that offer coupons that you can print and save money with. You can also opt for generic brands which are usually the same as name brands, just in a different box; some may even be from the same company that makes the name brands.

Try to avoid eating out or the quick impulse to grab a bite at a fast food restaurant. For the price of food there, you can usually buy enough food at the grocery store to last the whole day. Packing a lunch can save you money, too, in much the same way versus eating out.

You can even save money by the phone you use. Depending on where you live, some cell phone service packages are cheaper than normal phone providers. Even the cable companies are getting into the act offering unlimited local and long distance service.

Most important, the best advice to save money is to save money. Out of every paycheck, put 5 or 10 dollars into a savings account. Every time you get a raise bump up the amount you deposit. Overtime this will add up for a rainy day or retirement.