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Debt-Free Living

4 Quick Ways to Save $1,000

It’s so important to have at least a $1,000 emergency fund in the bank at all times. Here are four quick ways to make it happen!

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  • Melissa Spading Jerabek

    I have been doing tip #1 and selling things in my garage on FB. People are typically willing to pay more for the items on these kind of pages and than they are when I have had garage sales. Garage salers are looking for deep bargains. Online you may find a buyer who truly wants what you have and is willing to pay a little more for it.

    • As long as they are all cleaned down you will get your price. Stage it cute. You will get more

  • Becky VH

    We break up our gas, food, and entertainment budgets out weekly and put the leftovers each week in a jar. That “leftover” money gets put in The savings account at the end of the month.

  • Laura Maria Santiago

    I actually did a setup by which my job would automatically split my direct deposit into 2 separate accounts. I purposely opened an account with a bank where the branch was a bit further and I did not get a debit card for it. Turned out, that I could live off of less than I thought! What a shocker!!! 🙂 Simple, baby step 1 and 3 are complete. Now working on the last debt for baby step 2. 🙂

  • Ashley

    Tax refund. We normally don’t get one bc we make it all come out as even as possible but we had a kid last year so we got a little bump, and that’s what we used it for.

  • Megan Powell

    My car payment was always taken out of my check and was paid to my credit union, when my car finally was paid off we just kept it coming out and soon we had our emergency fund. We also just go our tax refund back and put 1,000 in the emergency fund.

    • Cynthia May

      I did the same thing with my car payment and with the raise I just got. I just stock pile it away and didn’t expand my life style with my raise.

  • Loren

    Have your bank automatically take money and put it in your savings each paycheck. It adds up fast and you don’t even miss it because it is gone before you realize you have the money.

    • LaUruguaSHa

      No no no to banks sorry but I will love something like that is just no banks my life is better without them 😉

      • Stephanie

        I am curious; why are you against banks? It sounds like you had a bad experience with one/some? I like to be educated about these things and not just assume everything is roses. 🙂

      • Face

        Why? Bank accounts are easy to maintain and in this day and age there’s really no excuse for getting in trouble with overdrafts.

  • Iryssa

    To add to the “eat at home” thing, I would say make your own bread at home! It may seem small and silly and like maybe it won’t actually make a difference, but here’s what I noticed: The two things I go to the store most often for are bread and milk. The problem is that when I go out for bread and milk, I NEVER come home with JUST. BREAD. AND. MILK. It’s always like, “oh hey, that would be good for the kids’ school snacks,” and, “oh look, our favourite chips are on sale…” So I started picking up two jugs of milk in one trip, and baking our own bread. That right there cut the number of trips I was making in half (at least), and therefore the amount of money I was spending went down as well. nnTake your bottles in and roll your coins as well 🙂 You’d be surprised how much money is just kicking around the house. nnAnother great video, Rachel! You’re looking SUPER cute with that baby belly too!

    • We store bread in the freezer. Enough for a month. So never a bread problem. Hubby picks up milk. He’s way less likely to buy on impulse

  • Joe Bland

    Rachel, instead of cutting the subscriptions cut the cable bill or satellite bill and use Netflix and an antenna forever. That saved us over $80 a month.

    • Nathalie P. Jones

      I am leaning towards this one, counting down until bball season ends. My husband acts like he is struggling with the thought of NO CABLE. I’ve heard about the antenna and looking forward to trying it. Do you have the internet?

      • Joe Bland

        We have the internet at our house so we use a wifi Blue Ray player and we stream Netflix, Amazon and Hulu. nYou can also use a Roku player, which is a little box that streams the internet TV. We have an antenna tower behind our house to pick up local channels. We had to go with the tower because we live further out in the country, but if you live in the city it can be down with a smaller digital antenna.

      • You will not be sorry. We curb all channel subscriptions but Netflix in the summer. We don’t really watch TV we are to busy enjoying the outdoors.

      • Nancy Jean Smith

        I did cut the cable and got an antenna! It saved me $40 per month. I still have the internet and a 911 landline for the purpose of bundling and it saved me another $20.

  • LadyMcKermit

    sell your clothes on ebay, look around at things in your house that you haven’t used in 6 months or more and sell it! You would be shocked at how much can be made by selling on Ebay- We are on the “get rid of debt train” and have 9000.00 to go.. Its driving me crazy to pay bills because all I want to do is pay down debt! Tax refund will go straight to debt, have a bonus going straight to debt, we have no clothing budget at the moment. We are racing to get debt free as quick as we can!

  • MindyVan

    I have a jar that all change in my purse, pockets and that I find in the laundry goes into and it is AMAZING how much money I accumulate that way. nI have also sold casseroles. I would double whatever I was making my family for dinner and then sell the second meal. People will pay good money to avoid cooking and I like to cook. It’s a win-win. 🙂

  • Stephanie

    Eat beans & rice, rice & beans! Cut out expensive prepackaged snacks… tell the kids fruit/veggies for snack! Groceries are SO expensive! 🙂 When shopping for anything, not just groceries, ask yourself, do I REALLY have to have this?

  • Cynthia May

    Another couple of quick wins – don’t buy frozen meals, buy a britta water bottle (has it’s own filter and you can use it for months – just be sure to wash it occasionally), and if you eat snack foods, don’t buy snack packs, but the big bags. You can portion them out in reusable plastic containers. I always bring my breakfast and lunch to work, make my own coffee, and make dinner from home. And never use those frozen entrees. Just doing that saves more money than you can imagine.

  • Heather

    I set up an auto withdrawal from my checking to savings that correlates with payday each pay period.

  • Between an ER bill and taxes all due in the same week, we can attest to the perks of having an emergency fund and a budget! Thank you Lord!

  • Vanessa

    My husband and I were both working when we took FPU and we cut corners every way we could (groceries, eating out, clothes, entertainment, did not upgrade phones or get a higher cell phone plan, and even didn’t pay extra on our loans) to get our emergency fund funded in about a month. It would take longer now because we are living much more frugally now, but so thankful we have it in place!

  • Jennifer

    This is going to sound weird, I know, but when my husband and I started tithing on our gross, and made the commitment to pay off debt, all of a sudden it seemed like we had enough money for both and emergency savings and sometimes extra to give a charity other than our tithe. Maybe the commitment we made was the big difference in how we chose to spend what we had.

    • J Frazier

      That’s amazing… God is faithful 🤗

  • Ollie Jane

    Our family of four budgets $400 a month for groceries, this includes any toiletries. My favorite way to save money is to search meal plans and plan out all our meals. We did a 21 meals for $150. This generally gives us enough for my husband to bring to work the next day too. I found recipes that involved different parts of a whole chicken and I would do all the prep work to separate them into the different recipes. I would then take the carcass and make my chicken broth for either quick soup and also freeze for recipes that needs it.

  • Vanessa

    We used these 4 tips as well to get the emergency fund going, but we also decided to take a family activity and turn it into a sale! Example, my daughter and I love to bake and cook as our mommy/daughter time. One day I made the comment to her about not having the money to buy her something and she said, “let’s sell our cupcakes!” It was great to see the excitement in her face when she got to go sell at her aunt’s office and just amazing that a 3 yr old made $95 in one day! Cha-ching! 🙂 After that she wanted to sell everything she made! LOL But now, turning a tradition or family fun activity into a sale has made us the extra cash and built valuable memories for our family! Share those God given talents! 🙂

  • Angela

    I’ve always wanted to ask someone this so now I will. Almost all our clothes (and other things in the house) are hand me downs, even mine. By the time we are done with them, no one would want to buy them because they are ragged after going through 3 children. We don’t eat out. We don’t subscribe to anything. I don’t buy prepackaged food. Where do we find extra money to put away?

    • Mary

      think of a skill you have that could generate income…babysitting, library reshelving, senior companionship, tutoring…these jobs done a few times per week can generate another $250-500 per month. Create new things from those items you would sell at a garage sale …e.g. an old candlestick glued to the bottom of a glass jar can create an apothecary jar for cotton balls in a bathroom,, spray paint a wooden item a trendy color, etc…sell online or use as gifts, etc.

      • Iryssa

        Along this same line, if you or another member of your household is handy or just has a few spare hours, you can just advertise (maybe on one of those Facebook groups a lot of neighbourhoods/towns/mom groups/etc. have) that you’ll do odd jobs for a weekend. Dump runs, leaf raking, replacing out-of-reach lightbulbs for someone with limited mobility, lawn mowing…there are lots of things that people can’t do for one reason or another (or just don’t enjoy doing) that they might be willing to pay someone ten or twenty bucks for (plus dumping fee, if you’re doing the dump run thing 😉 ).

        Where you find extra money really is dependant on the individual situation. You might have to get creative. But the best place to start is with your budget. Knowing where every dollar goes will give you a clear picture of what’s going on, be it an income problem, or an outflow problem, or a combination thereof.

  • Jeremie

    I established my emergency fund by saving a dollar 1 week, then 3 the following, 7 the next, and kept that pattern by adding x amount of dollars to the corresponding week of the year. I find it also helpful to replenish this fund by depositing part of my tax refund into it. In addition, if it will not spoil….I find I can save more by purchasing items in bulk. I noticed some of the stores I shop at will offer some of the items I buy in cases or a large size. The cost per unit can save a little money overtime. Also I notice that I do not have to go grocery shopping as often. Overall this emergency fund is very nice and one thing I am grateful for is never having to use credit cards to pay for unexpected expenses.

  • Tax refund. When we get small tax refunds each year we add that you our emergency funds. This years was $1200

  • Cheryl Gladney Coleman

    This may sound like work! But, it is actually fun! I got a part-time job helping others shop- working from home! The scheduling is very flexible! I have made $500 to $1000 extra cash each month! I saved my $1,000 emergency cash in 2 months! I used the Dave Ramsey snowball process and paid off 2 cars! Meanwhile, my full-time job pay is becoming more available for savings! This debt free process will take some major sacrifices! But, there is light at the end of the tunnel!

  • GiaA

    I get paid every 2 weeks so what’s left in my checking account the day before payday, I transfer to my savings. It also encourage me not to eat out because I want to make sure I’m transferring more than $100. I’m saving for an expensive root canal. Almost there!

  • Linda

    I just got rid of the iPhone and contract opted to get a really nice phone for $30 at MetroPCS and have an unlimited data, text and phone package for $40 a month that includes taxes and everything. And I also got rid of the cable over 15 years ago and have never missed it sets. So I now have an emergency fund and it’s awesome.

  • Damita Loy

    Breaking up with cable sounded terrible yet went smoothly in my household, and voila $130/mo saved! I subscribe to SlingTV $25/mo each college hoops season and cancel thereafter; no fees! A coin jar is a must, as are packed lunches. I avoid convenience stores. Oh, and I shop farmer’s market spending $20, which would cost me $50 at local supermarket. Explore God’s great outdoors for tons of free activities and entertainment.