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Need cash? Here’s how to save $1000 fast

Need cash? Here's how to save $1000 fast, with Money Bites
There’s nothing better than being able to save $1,000 fast when you need it.

Bite-Size Read:

  • Life happens and there are many times in life where you might need cash fast.
  • Our Top 20 ways to save $1000 fast include cutting your supermarket bill, automating your budget, and looking for a better deal on your power bills.
  • The time it takes for you to save $1000 will be variable but remember, you can do this.


Life happens and you never know what emergencies will happen in the future.

For that reason, you may wish to have access to cash quickly to manage any situation. It could be problems like a broken-down car, an unforeseen debt, or a broken washing machine that need cash to fix quickly. You could also want to get ahead of large expenses like Christmas gifts.  


Being able to save $1,000 now means that you have cash to fund your choices later. 

It can be difficult to save money if you’re more of a spender than a saver. The time it takes you to save $1,000 will also be variable, including based on how much you earn. There are multiple ways to save $1,000 so it’s worth looking at what ways work best for you.


Here’s our Top 20 ways to save $1000 fast:


1. Adopt a 24-hour rule on spending decisions

If you feel tempted to spend money on items you don’t need, wait 24 hours. Only go back to buy it if you still want it 24 hours later.  


2. Try a no-spend month to control your spending

Taking a month to spend only on essentials like your rent to reset your financial habits.


3. Subscribe to supportive and unsubscribe from tempting mailing lists 

Subscribe to mailing lists that will help you develop strong financial habits. And unsubscribe from alerts that will tempt you to spend money when you’re trying to save it. 


4. Let go of your unused gym membership

If you haven’t used your gym membership, let it go. You could get a refund on the time remaining on your membership or sell it to someone else. 


Let it go
Letting go of the lie I tell myself that I will ever actually go to the gym and use that membership.


5. Believe you can save money

If you feel like you can’t save money, you’ll achieve that aim. What you tell yourself is important and you can save money to be able to support future you. 


6. Surround yourself with like-minded people

You’re the average of the 5 people you spend the most time with. Surround yourself with people who will help you save money. 


7. Set a timeline for your goal 

Put together a deadline to save $1000 and identify the steps that will help you get there in time. 


8. Consider the life energy you exchange when you buy something

Time at work is trading our life for money and buying things gives away that energy. Consider what is really worth buying based on this. 


Smart decisions to save $1000
Think about how much time it took you to earn that money before you spend it.


9. Envelope budgeting can help control your cash

If you’re feeling like you’re constantly spending money, use cash. Using physical money, with different envelopes for each budget spending category can help reset your spending habits. 


10. Switch your bank accounts for a better deal

Look at other bank accounts and see if you could save on fees or get better interest rates elsewhere.


11. Automate your savings within a budget 

Work out how much you can afford to save and set up an automatic transfer for that amount each month.  


12. A side hustle can provide extra income

Work on how much time you have and start a side hustle that makes the most of your skills. 


Side hustle to make $1000
You’re never too young to start a side hustle


13. Declutter and sell what you don’t need 

Go through your house and sort through what you do and don’t need. Sell the items you don’t need on second-hand selling websites. 


14. Marie Kondo your wardrobe

We wear 20% of our closets 80% of the time. Take inspiration from Marie Kondo and sort through your wardrobe, selling clothes that don’t spark joy


15. Ask for a raise if you can show your value

Rather than asking your boss for a raise for doing your job, be prepared to show how you’ve added value. 


Ask for raise to save $1000
If you haven’t had a pay rise in while and deliver increased value for your boss, ask to be paid accordingly.


16. Check your ongoing paid subscriptions 

Go through your bank statements and check the regular amounts being paid each month. Keep the subscriptions you get value from and cancel the rest. 


17. Negotiate your power bills 

Compare your bills with other providers and consider switching to a better deal to save money on your power bills.


18. Break up with takeaway apps

Delete takeaway apps off your phone and buy ingredients to cook with so you have no excuses. 


Break up with takeaway apps to save $1000
It’s time to break up with takeaway apps


19. Save money on your grocery bills

One of our biggest expenses is food so saving money on your grocery bills adds up. 


20. Review your phone plan

Taking 15 minutes to see if you could get a better deal on your phone plan could save you money every single month. 


Making the effort to save $1,000 now means you have cash available to fund your future choices. 

If you haven’t saved money before, this might be hard at first. The amount of time it takes for you to save up $1,000 will be variable. However, the effort to save money now is worth the financial headaches you will save yourself from in the future. 

Written by Kate Crowhurst

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