Finance

15 Tips to Make and Save $1,000

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How to Save $1,000

I’ll be honest with you. I do not live to save money. How can that be? Sure, you might think that when you see how I’ve paid off $65k of student loans, saved a more than funded emergency fund, and paid off $7k in auto loans.

Don’t let this fool you.

The truth is that I am a woman with a purpose. As of January 2018, my husband and I decided to adopt internationally. See our blog post here. Now, of course, this is a very costly endeavor. It’s roughly $20k of adoption agency fees, international fees, processing fees, technology fees (just to name a few).

And maybe you are thinking that I should just have my own child. And yes, I’ve thought through these options and discussed them with my husband.

At the end of the day, however, I want to provide a home for a child who does not have a family.

I’m tearing up as I think of my child who is somewhere out there and my heart is drawn to them. I don’t even know why, but I feel called to love someone ( boy or girl). My heart dances just thinking of getting to know this little person who will grow and develop and how grateful we will be to take care of (him/her) in their childhood and into adulthood.

I save because it means I am able to take one step closer to my goal.

So if you are a purpose driven woman and want to reach the financial goals, take a good look at your heart and start by paying yourself back.

You are worth it! So without further ado, here are 15 tips to save $1,000.

 15 tips to save $1,000

  1. Work overtime at your current job. If you are hourly, you’ll be able to rack up extra cash fairly quickly. Just make sure you place your extra dollars in another savings account that you don’t touch!
  2. Cancel unused subscriptions – Subscriptions are the biggest money suckers these days. Whether that is using a gym membership you don’t utilize ( been there), upgrading to an internet plan that I don’t really fully use (done that), or even forgetting about an online “free trial” subscription that you signed up for that one time and totally didn’t use the last three months (or is that just me?) Put all that money you saved and put it in a separate checking account.
  3. Setup reoccurring savings transfers from your checking account each paycheck.
  4. Pick up groceries for people using Shipt. I’ve known several friends who have used this service to save some extra cash or used it to pay off bills.
  5. Grab people’s to-go food via UberEats. This service asks the consumer a fee to grab some food on top of the regular price.
  6. Tutor English online with VIPKid– This is definitely a time commitment, but if you have a computer, a good internet connection, and are interested in helping kids, this is a great way to get extra money.
  7. Housesit or dogsit when people are out of town- I’ve actually paid for a friend to stay at my house to dogsit. It can be helpful extra cash if you know a few friends that need someone to take care of their meal or family pet.
  8. Sell any unused items in your house – Use ebay, craigslist, or facebook to sell the extra things you don’t use that are in a good or decent condition can be re-used and given to another home.
  9. Get paid to get surveys and test websites online. You’ll need a desktop/laptop, a smartphone, and a good internet connection to fill out surveys, and test out websites. My favorite is Mindswarms for paid surveys and Usertesting for testing websites.
  10. Be creative! If you love making crafts you might sell a few crafts on etsy, take photos of your friend’s wedding or maternity photoshoots, make DIY bath and body products.
  11. Save money shopping for groceries using ibotta and checkout 51.
  12. Start an online business – If you want to build a brand and eventually move your brand to a full-time business, having a website is extremely important. Whatever you decide to sell, make sure you have a website to show your work and products off. My favorite easy to build a customizable website is Duda. For hosting, the most affordable I’ve found is Hostgator.
  13. Save money by shopping online with the honey extension and the everydollar extension on Chrome browsers. Coupons will automatically be applied while you shop online!
  14. Make online courses– If you aren’t camera shy, try looking at making an online class. Whether you’re teaching about how to take that perfect photo or how to knit a sweater, making an online class can allow you to make passive income each month. One of my favorite websites for making my online classes is Thinkific.
  15. Work as a Virtual Assistant – If you are organized, have a good internet connection, and driven to communicate clearly and meet deadlines, working as a virtual assistant has its perks. Since you are not tied to specific office location, you can always move around! Check out flexjobs.com if you want to check out more information and to search their extensive online directory for jobs.

These are all great ideas to keep your mind thinking of additional opportunities to save and make money. Do you have a side hustle? I want to hear about it! Comment below and tell me about your side hustle and how you save money!

 

 

6 Comments

  • Stacey

    I need to get better about #8!! It’s just so easy for me to pack up my unwanted items and drop them off at our local thrift store. Definitely need to start listing items on Facebook marketplace and Poshmark!

  • Melody

    Stacey, so true! I also love the thrift store and they do make good write-offs for tax return time as well!

  • Missy

    Your #3 Setup reoccurring savings transfers has been great for me. Your tip about not touching it is the hard part. My side hustle is referring people to my Mother. She is earning extra income with a network marketing group, she loves it.

  • Melody

    I totally can understand that! I have a separate account for savings and try not to touch those funds. Some people have direct deposits into a different bank so they aren’t tempted to use it. I just transfer the funds and check in once a month to make sure that the deposits are more than the withdrawals!

  • Megan

    Seriously, number 1 is the easiest ever! I’m hourly at my corporate accounting job, and during the busy months, it’s pretty easy for me to earn an extra $500-$1,000 a month! We also try to save money by “cutting corners” – but be careful where you do it! We needed to get our house resided, so instead of paying $4,500 for someone else to come rip off the old stuff and put the new stuff on, we’re doing it ourselves! My husband and I both have experience with siding, so it’s just a matter of putting in the time and effort to get it done. But, the money saved is totally worth it!

    • Melody

      Yes! Absolutely agree! Doing things on your own takes time but saves hundreds if not thousands of dollars! Great work on working overtime! 😊