How To Save $1,000 Fast

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How To Save $1,000 Fast

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Four Tax Free Weekend Shopping Tips

July 26, 2015

How many times have you told yourself, “If I just had an extra thousand dollars in my pocket I would . . . .” in your life?   There are many things that we would like to purchase month to month or year to year if only that little bit of extra cash was in our pockets.  I discuss a lot of different techniques to make money or save money in the your smart money moves blog, but now let’s talk about a few ways to get cash quick in your pocket.   If you need $1,000 bucks for something you want to buy, a vacation you want to take, or to make an investment that needs to be done now, here are eight ways to save $1,000 fast.

  1. Sell Your Stuff Whether you do this through a garage sale, you take it on Craigslist, odds are that you have items in your house that you just don’t want or need anymore.  Take a look in your storage closet, your bedroom closet, and in the garage.
  2. Don’t Eat Out For A MonthThe average budgets I see today for eating out lunch and dinner easily top $1,000 a month.  Don’t think so?  Check your latest AMEX or VISA bill and you’ll quickly do a double take.
  3. Shop Your Insurance You might be able to save $1,000 just by changing your deductibles on all of your policies, but really digging in and shopping all of your insurance (auto, home, life, disability, health, and long-term care) can prove to be an eye opening exercise.
  4. Avoid One Special Holiday Of Gifts While it is nice to get new clothes, jewelry, or the latest electronics, skipping or skimming down one or two holidays such as a birthday, holiday time, or Valentine’s day can really add the money back in your pocket.
  5. Read Your Credit Card statements What?  Are you suggesting Ted that I don’t read my credit card statements?  Yes, that is exactly what I am suggesting.   There may be subscriptions that you no longer use that you are spending money on currently.  If you can cancel those subscriptions that can save you a $1,000 quickly.
  6. Carpool Saving $1,000 quickly won’t come without some ingenuity and some effort.  Whether you carpool, bike to work, or telecommute, if you can trim down parking and gas costs for a few months that can save you money very quickly to get to your goal.
  7. Shop Your Technology Where would we be today without our i-pads, smartphones, and other gadgets?  How often do we actually go in and shop the pricing on all of our technology?  Head into your mobile phone store to see what new pricing plans are available.   Call up your cable or dish provider to learn about how you can reduce your overall budget.  Maybe it is time to ditch the home telephone and get that off your bill?
  8. Tell Your Kids No Believe me, I know how hard it is to tell you kids not now or simply no we are not buying this for the house.  I give in more than I probably should, but if you really need to save a $1,000 fast, then wait for the new clothes, new sporting goods, or new bedroom furniture.  You’ll be surprised how telling your kids no will bring money back into your budget.

 

These are eight of my smart money moves tips on how you save $1,000 fast.  Do you have anything interesting you did to get $1,000 back in your pocket quickly?

Written by: Ted Jenkin
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About the author

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Ted Jenkin @ Your Smart Money Moves

CEO and co-Founder

Hey!

My friends and family all think I'm a workaholic, but I say I'm just a guy that loves to help people do better in life.

My mother is still the only one that calls me by my real name Theodore Michael, my wife calls me Teddy, but for the rest of you it is just plain old Ted.

Ever since I was a little kid, I always loved money and being an entrepreneur. In fact, I still have cassette tapes of me talking to my grandmother at the age of five and my mother tells me all the time how much I played with money as a kid...

Ted Jenkin is a frequent guest columnist for the Wall Street Journal and Headline News Weekend Express. He is the co-CEO of oXYGen Financial. You can follow him on LinkedIn @ www.linkedin.com/in/theceoadvisor or on Twitter @tedjenkin.

Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. oXYGen Financial is not affiliated with Kestra IS or Kestra AS. Kestra IS and Kestra AS do not provide tax or legal advice.

The opinions expressed in this commentary are those of the author and may not necessarily reflect those held by Kestra Investment Services, LLC or Kestra Advisory Services, LLC. This is for general information only and is not intended to provide specific investment advice or recommendations for any individual. It is suggested that you consult your financial professional, attorney, or tax advisor regarding your individual situation.

Background and qualification information is available at FINRA's BrokerCheck website.

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Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. oXYGen Financial is not affiliated with Kestra IS or Kestra AS. Kestra IS and Kestra AS do not provide tax or legal advice.

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