11 Quickest Ways to Save $1,000 Today
Are you looking for ways to save money and fast? Between the ridiculous markup at the gas pump and grocery store to the inflated cost of everything else, who isn’t? Here are the quickest ways to save $1,000.
1. Create a Budget
Creating and following a budget is the quickest way to save $1,000. How can you save anything if you don’t know how much you make and how much you spend? Determine how to create a budget that works for you and stick with it!
2. Separate Your Needs From Wants
While creating your budget, you must establish your wants from your needs. Put your wants on the back burner and buy generic brands for food and toiletry needs when possible. If you never deny yourself, you’ll never save money. Tell yourself no.
3. Stop Wasting Money on Food
One of the biggest money-wasters on the planet is paying for convenience, especially when using food delivery apps such as Uber Eats and DoorDash. Between inflated food prices, service, delivery fees, and tips, the cost of a sandwich can be nearly double when you check out. Stop going through fast food and coffee shop drive-thrus, too!
4. Save Money on Groceries
There are numerous ways to save money on groceries, and there’s never been a more necessary time to do it! My cilantro jumped from $.89 to $1.89 in 2020 and never came back down. That’s only one of many examples, and I know you are all feeling it, too. Take the time to use grocery money-saving tips to reduce your food costs.
5. Cancel Subscriptions
Canceling subscriptions is one of the quickest ways to save money on entertainment. Do you know how much money you’re spending monthly/annually on streaming services, gaming, magazine subscriptions, paid apps, and memberships? Do you use them enough to justify the cost?
6. Set Automatic Transfers to Your Savings Account
Set up automatic savings deposits from your checking to your savings account. Some banks offer a roundup option that carries your change over from purchases. So checking transactions become round numbers while you add pennies to your savings balance with every purchase.
Or you can set up a recurring deposit with each paycheck. Don’t hesitate because you don’t have a lot. Even $20 a paycheck is better than nothing. Start today and watch it grow tomorrow.
7. Deliver Food
Another one of the fastest ways to save $1000 today is by delivering food through one of the many gig job delivery food apps, such as Uber Eats, DoorDash, and Grubhub. Alternatively, you can deliver pizza part-time.
My friend says she makes the most money from tips by delivering groceries for Instacart, but it involves doing the shopping. Nonetheless, you can stack extra cash quickly, delivering food.
8. Pick Up a Side Gig
If delivering food isn’t feasible, consider some creative side hustles to determine where your talents can make you money online. These may take some time to get started, but will be making you $1,000 in no time.
9. Resist Impulse Buys
To save $1,000, you must resist impulse buying! It can prove challenging between last-minute finds at the grocery checkout and being constantly targeted by ads after doing Google searches. Search in incognito mode to stop being suggested ads based on your searches and resist the urge to shop on impulse.
Leave things in your online cart for 24 hours before making a purchase. Sometimes, you’ll realize you don’t need them and will avoid the unnecessary purchase.
10. Delete Shopping Apps
Do you suffer from a chronic shopping compulsion? Studies suggest that around 5.8% of the American population currently suffers from a compulsive buying disorder or shopping addiction, and I’m surprised that number isn’t higher. Combat your addiction by deleting shopping apps, including Amazon, Walmart, and reselling apps.
11. Sell Your Clutter
Try your luck selling gently used items you no longer need on secondhand selling platforms like Facebook Marketplace, Offerup, Mercado, and eBay. Additionally, check out secondhand clothing apps like Poshmark and Thredup to optimize your biggest financial return on secondhand threads.
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Elizabeth Ervin helps people embrace a change in money mindset to achieve their financial goals. After struggling for a decade as a single mother, consumed by the American debt cycle, she recognizes the value of financial education and lifestyle changes and aspires to motivate others to make those changes to obtain financial freedom. She heavily advocates for praying about and over your finances and speaking positive money affirmations to manifest abundance.