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10 Steps to Saving $1,000 in a Month - Quicken Loans Zing Blog

It’s so easy to get caught up in the paycheck-to-paycheck cycle. And living without an emergency fund is a dangerous way to live. Check out these tips and tricks to save $1,000 (or more) in just a month. Trust us. Your bank account will thank you.  

The Automator

Average savings: $250 – $500

There’s not a get-rich-quick scheme. Force yourself to save. Set up automatic payments at your bank so a portion of your biweekly income goes into savings. Before the month begins, decide how much you want to save … and then automate it.

The Brown Bagger

Average savings: $50 – $200

Start bringing a sack lunch to work, cut out coffee shops and take a hiatus from dinners out on the town. Eating out several times a week adds up. Instead, use this time to learn how to cook and be creative with your date ideas like making a candlelit meal at home.

The Side Hustler

Average savings: $100 – $400

A job on the side is the best opportunity for creating extra income. This may take some humility on your part. Remember, it doesn’t have to be a career. You could sell pizzas on the weekend or be a driver for Uber a few nights after work. This should be a temporary move, but if you want to make $1,000 in a month, you may need to go some extra lengths to get there.

The Brand Defector

Average savings: $50 – $100

You can easily save 50-60% if you’re just buying generic products at the grocery store. Don’t let your love for labels get in the way of some serious savings. You should also consider checking out stores like Aldi or other low-cost supermarkets, which offer better prices on most staples. After each trip to the grocery store, make sure that you tally your savings and then put them in the bank.

The Subscription Killer

Average savings: $50 – $150

Make a list of all of your subscriptions. Most of these – if not all – aren’t necessary expenses. Do you actually need all of those online streaming services? Or how about magazines? Can you do without them for a month? If you need a dose of entertainment, go grab a book at your local library.

Pro Tip

The best way to make your savings goals a reality is to start a budget. You can make a plan, hold yourself accountable and track your progress. You can set up an online budget for free at Mint or Acorns.

The Savvy Seller

Average savings: $25 – $50

Make money and clean your house at the same time! Raid your attic, purge your closet — find and sell all the junk that you’re no longer using. Once you’ve done that, start selling it. Craigslist and eBay can be excellent ways to make quick income. If you’re looking for a place to start, begin with your clothes. Many people pounce at the opportunity for lightly worn clothes.

The Fee Dodger

Average savings: $50 – $150

Make sure you’re paying off your credit cards every month. Credit cards have incredibly high interest, so make a plan to get them all to zero by the end of the month. It can be much more cost-effective to use the equity in your home to pay off this high interest debt.


You should also check out fee-free investment options, like the app Robinhood, which will save you boatloads if you’re investing money in the stock market.

The Membership Destroyer

Average savings: $20-$100

How often do you actually use your gym membership? If you’re only going once or twice a week, it may make more sense to cancel your membership and work out at home. There are plenty of free ways to get your sweat on, especially if you’re just pausing your membership for a month.

The Cell Phone Slasher

Average savings: $25 – $50

There’s a good chance you’re overpaying on your cell phone bill. Check out family plan options, even if your family won’t be on it. They’re usually significantly cheaper. And if you’re not using all of your data each month, switch to a cheaper plan.

Do you have tips to help other save money? Share them in the comment section!