Owning a home is an American dream, but without careful planning homeownership can turn a family budget into a nightmare. From the beginning of the homeownership process -- securing a mortgage -- to the monthly expenditures such as heating and cooling costs, expenses add up quickly. Savvy homeowners look for ways to stretch their buck -- and we are here to help.

We rounded up dozens of savings tips to make it easy for both homeowners and renters to save money. You'll also discover ways to save on energy bills and telephone expenses. Happy saving!

Click on the links below to start saving in each category.

• Energy
• Phone
• Insurance
• Mortgage

Tips compiled by Dani M. Arthur , Illustrations by Brandy Kesl

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-- Posted Aug. 20, 2004