How To Save $1,000 Fast (10 Killer Tips)

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How To Save $1,000 Fast | Be The Budget

Want to save $1,000 fast? The tips in this article will help you get your finances under control, and build up savings quicker than ever.

Ok, here’s the thing, there are all sorts of reasons to save $1,000. But truthfully, whether you’re building a starter emergency fund before you begin your debt snowball, or just saving to pay cash for a specific purchase, the process is the same. You need to make a plan, get organized, and stay focused.

Wishing you had $1,000 won’t get you anywhere. You need to work hard and smart; and that’s exactly what this article will help you do.

So, if you’re ready to kick your savings into overdrive, keep reading, because this guide is for you.

1. Define A Timeline For Your Goal

If you want to save $1,000 fast, then you need to define a timeline for your goal. It’s not enough to just say you want to save money fast. What does fast even mean? Does it mean a week? A month? Two months? It’s too abstract. And abstract goals don’t tend to end well.

Rather, a good, defined goal should look something like this;

“I am going to save $1,000 in the next 30 days.”

You should be able to work backwards from your goal in order to determine an exact path to achieve it. Using the example above, if you want to save $1,000 in 30 days, then all you have to do is divide $1,000 by 30 to determine your daily savings rate.

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2. Use Your Budget To Make A Plan

Once you have a well defined timeline for your savings goal, you will need to develop a plan to get there. And that’s where creating and living on a tight budget comes into play.

To continue with my previous example, let’s say your goal is to save $1,000 in 30 days. Well, if you add up every penny of income you make, and plan out every expense, then you can easily determine where you will end up at the end of the next 30 days. If after all your expenses, you have less than $1,000 left over, then all you have to do is cut some expenses. If you are left with a number greater than $1,000, then maybe you need to adjust your timeline, or increase your savings goal.

Finally, if after cutting your expenses to the bone, you still don’t have enough money left over to reach your goal, then your next step is to figure out how you will earn the remaining amount of money. (More on that later)

With any savings goal, your budget is your greatest weapon. It is your exact plan for achieving your goal, and your guiding light while you work to achieve it.

3. Put Your Savings First

Once you’ve worked through your budget and determined your spending and savings plan, then your next order of business is to actually move the money into your savings account. Yep, you heard me right. You need to move the money into your savings account before you spend a single penny on anything else.

After all, you just laid out an exact spending plan with your budget. As long as that is accurate, then you can be confident that the remaining amount of money in your checking account will cover your other expenses.

This is known as ‘paying yourself first’ or the ‘save before you spend method’, and it is one of the main pillars of sound personal finance.

4. Get A Second Job

If you want to save $1,000 faster than you currently are able, then you should consider getting a second job. Even working a part-time, minimum wage job at night can net you a few hundred dollars extra each month. If you pair that extra income with the expenses you cut from your budget, then you can seriously shorten the amount of time it will take you to reach your goal.

If you are considering getting a second job, be sure to read my recent post, Is Getting A Second Job Worth It? (Benefits and Drawbacks).

5. Start Your Own Side Business

I’ve said it before, and I will say it again, one of the best ways to make extra money is to start your own side business. And while this might not be the best option if you just need some quick cash, in the long run, it can add ongoing fuel to your savings.

In other words, in the short-term, a side business might not generate as much income as a part-time job. However, a year from now, if you stick with it and put in the work, it could be generating several thousands of dollars per month. The best part about running a side business, is that your income is only restricted by your willingness and effort to go out and drum up business.

In fact, if you really go all out, there’s no reason you can’t generate $1,000 in 30 days or less. You just need a good idea, a marketable skill or product, and a fearless attitude.

If you can keep your startup costs to a minimum, and focus on sweat-equity, you can end up earning a seriously good income.

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6. Sell Your Stuff

When you need to save $1,000 fast, and cutting your expenses just won’t put you over the top, then selling your stuff is always an option. If you have some unused furniture laying around, then you could post it on craigslist, and earn money within a couple hours.

Also, if you have old, designer clothes that you no longer wear, then you could sell them on Poshmark or Ebay and make some money quick.

Of all the things you can do to generate some extra money, selling your stuff is the quickest route you can take.

10 Killer Tips To Save $1,000 Fast | Be The Budget

7. Flip Free Furniture On Craigslist

Along the same line, but if you don’t have any stuff you can sell, and you aren’t afraid to work with your hands, then you could flip free furniture on Craigslist for a quick profit.

You would be amazed at some of the quality stuff people are willing to give away if you are just willing to come haul it away. In fact, some of the stuff doesn’t even need to be fixed or updated. You could just pick it up, turn around and post it on craigslist and make an easy profit.

For all the other stuff, you could just sand it down, slap on a new coat of paint, and sell it for $50 to $100. It’s really that simple.

Do that a few times, and you could shorten your savings timeline pretty quickly.

8. Carefully Track Your Progress

One of the most important things you can do when trying to achieve any savings goal, is track your progress along the way. This is also where your budget comes in handy.

If you want to save $1,000 fast, you should log every purchase and expenses in your financial life on a daily basis, and make sure your spending aligns with your spending plan. When you do this, it’s easy to see when and where you are drifting off-track, and re-adjust your course.

Plus, every time you sit down to track your progress, it forces you to refocus on your end goal, which will help you achieve it faster.

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9. Use the 30-Day Rule

Impulse spending is the enemy of saving money. And unfortunately, the more money you save — and have available for spending — the harder it becomes to say no to blowing it on a frivolous impulse.

That’s why you should commit to the 30-day rule.

The 30-day rule is meant to protect you from impulse spending. Essentially, every time you want to buy something that you didn’t originally include in your budget, you force yourself to wait 30 days before you buy it. This does 2 things. First of all, it keeps you from making an emotional purchase, by forcing you to take a step back and really assess if it’s something you need. Second of all, it allows you the opportunity to work it into the following month’s budget should you still want it after waiting the required amount of time.

The 30-day rule is a great way to avoid making frivolous purchases, and keep impulse spending from hindering your ability to save $1,000 fast.

10. Set Your Sights Higher

If you want to save $1,000 fast, then one of the best things you can do is to set your savings goal higher than $1,000. Why? Because, if you set your savings goal higher than what you need, and you miss it, then you will still have achieved your original goal. Plus, it gives you a slight buffer in case any unexpected expenses pop up.


If you want to save $1,000 fast, you need to be intentional and disciplined with every area of your financial life. You need to set better — more defined — goals, cut your spending, make extra money, and carefully track your progress along the way.

Truthfully, if you do all that, you will probably save much more than $1,000; and you’ll do it faster than you ever thought possible.

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How To Save $1,000 Fast (10 Tips) | Be The Budget

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About The Author

About The Author

Zach Buchenau is a self-proclaimed personal finance nerd. When he isn't writing about budgeting, getting out of debt, making extra money, and living a frugal life, you can find him building furniture, fly fishing, or developing websites. He is the co-founder of BeTheBudget, and Chipotle's most loyal customer.

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