I've been searching around a number of these types of sites that talk about different ways and strategies of saving money. For example here's one that talks about saving on credit cards.

Now one of the major things that lack is that there are a number of ways to save money and yet usually then it seems for the purpose of just buying more stuff. Now if that's your goal and you want to do that, it's fine. But don't think that it has to do anything with improving your financial situation.

When those savings are made one should take at least a portion of it and put it away into some type of investment. Even if it's a holding place like a savings account or liquid CD that once it reaches a certain point you can reinvest the money into something that performs better.

It reminds me of a true story of a woman that lived very frugally all her life and would invest that which she saved into stocks and bonds over the years.

She became somewhat of a curiosity throughout the years as she would faithfully show up for shareholder meetings with some very pointed questions that she would demand would be answered. Yet she dressed very modestly and was never looked upon as a serious investor.

Anyway, eventually she passed away and when her will was read, it was found that she left $23,000,000 dollars to a local hospital. It was national news for several weeks.

Now most people wouldn't live as frugally as her, but we can learn that if some of those things that we save on, can over a number of years, become a good chunk that we can use in our later years when we really need it.