I found this interesting. Intuit recently held a Town Hall meeting that was moderated by personal finance expert and author Farnoosh Torabi.  Thirty participants shared their stories about how the recession has affected their lives and the steps they are taking to save and make money. They also received tips and advice from Intuit and Torabi.

As a result of the Town Hall, Torabi and Intuit recommended seven ways to save money:

1. Make just five phone calls. They recommended that you call your credit card company; your insurance company, cell phone company, college and utilities company to find out about lower rates, deals and incentives.  With regards to discount term life insurance – I know first hand that many people can save simply by going online and comparing their existing policy with current ones available.

1. Save six months’ cash for emergency and then spend wisely. This is self explanatory.

1. Be open to bartering.  Torabi and Intuit say that if you have a valuable skill, check to see if others, such as your hair stylist or plumber, will trade your skilled labor in exchange for theirs.

1. Join the freelance economy. They recommend checking out sites like Elance.com or Odesk.com.

1. Look beyond your regular bank. They suggest checking out online banks or credit unions for higher returns. You can compare rates at BankingMyWay.com or Bankrate.com.

1. Free money is free money, keep investing in your 401(k).

1. Go generic. These days, generics are a great value and are typically the same formulas as higher-priced brands. The FDA says that generic drugs have the exact same exact ingredients and effects as brand name versions. From groceries to prescriptions, it’s money in your pocket.