Hoping to money in 2010? One way to do this is by trimming down borrowing costs.
Unless you calculate loans on your own, It's often difficult to see how much you pay when you borrow. Of course you pay an interest rate, and you may pay transaction fees, but other characteristics of your loan are also important.
For example, experts suggest that you don't focus on the monthly payment when shopping for a car. Why? By fiddling with the numbers you can get monthly payments down to affordable levels - but total borrowing costs may skyrocket.
If you crunch the numbers yourself (or use a calculator for the heavy lifting), you can figure out how much it costs to borrow and which loan is best for you. Learn how to calculate loan components so you can make good decisions.