Whether you are trying to save up for a house, beef up your emergency fund, or wish you had a little more money in your savings account, there are a ton of different ways you can easily save $1,000 in just a month! Below are ten ways to save over $1,000 in just a single month.
How To Save $1,000 in One Month
Cut out drink purchases and stick to water
There are so many different options out there for beverages. You would be surprised how much these tiny little expenses add up! If you go out to eat just four times in a month, you’ll end up paying around $8 for a single person on soda alone! This doesn’t include the price of cocktails either.
Change out just a few activities for a free alternative
Hobbies and just entertainment activities can start to add up pretty quick. A ticket to the movies could be around $8 per person, a festival ticket is $30+, and over time these small activities will start to add up to a lot of money. You don’t have to cut all of these out necessarily, but see if you can find a few free alternatives to help you save cash.
Use the 30-day rule for your “want” purchases
If there is something you want but don’t need, wait 30 days. You may want you don’t even need it, and you’ll end up saving hundreds each month.
Get rid of some of your subscription services
Depending on your Netflix subscription option that could be $11 or even $15 right there! Music subscriptions and even a gym membership can start to add up to huge savings if you skip them this month.
Swap book purchases for your local library
If you are an avid reader, those books are costing you hundreds! Skip your book purchases and instead go to the library for free books.
Stop your eating out habit
You will easily save $400 or more by just eating at home! The food you cook at home won’t compare to the price you pay for eating out.
Instead of going to Redbox or the movies, watch the movies you have
$1.25 per rental here or $30 at the movies there will start to add up over time. Instead, pop some popcorn at home and enjoy your movies at home. Or look for free Redbox codes to watch them for free!
Change your insurance deductible
Call your health and home insurance companies and ask them what you are paying for your deductible. If you have a lot in savings, raising your deductible can be a smart move that will lower your insurance payments by a decent amount!
Borrow instead of buy when you can
Borrowing tools and other things you may need just once is a huge money saver! Before you buy something, see if you can borrow instead to see if you like it before you buy it.
Find a lower cell phone provider
Google Fi and many other off the beaten path cell phone companies are low in cost, but provide the same coverage as all the big names! You can start a plan on Google Fi for only $20!
While you may need to get a little creative to save big, these little tricks are small sacrifices you can make to save a lot of money by the end of the month.
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