One of the things that Sam and I are working on is Dave Ramsey’s baby steps. We are currently on Step 2- pay off all debt except your house. Sometimes though, we have to go back and work on Step 1 again (save a $1000 emergency fund). Recently we’ve had some expensive repairs to make as well as some emergencies to take care of. This has left our emergency fund a little depleted. Every time we have to refill our emergency fund, we find creative ways to do it. In today’s post, I’m sharing a few idea for saving $1,000 in a month.
You will likely have to use a combination of these ideas to reach $1,000, but that’s okay! It’s a fun challenge to see how much you can hustle in a month. We have used various combinations of the ideas below to reach our $1,000 emergency fund and each time we’ve been able to do so within a few weeks. So here are eight ideas to save $1,000 this month!
This is always my first reaction when we need some extra money. Over the years, we’ve sold all kinds of things to reach our $1,000 goal. We’ve sold big ticket items like our car or electronics like iPads or Beats headphones. But most of the time, we sell lots of smaller items: books we aren’t reading, clothes we don’t wear anymore on sites like Poshmark, old textbooks we aren’t using anymore. Try selling your old CDs, video games, and movies to a bookstore. You’ll be surprised at how quickly it all adds up to a full emergency fund!
One of the more common ways to make fast cash is to sell plasma. But did you know you can also sell your hair or breast milk? The need for plasma especially is high and can potentially save someone’s life, so you aren’t just making money, you’re making a difference in someone’s life. You can make between $20 and $50 per donation- as much as $400 a month! That’s better than some part time jobs.
Does blood freak you out? You can also participate in clinical trials! If you suffer from common conditions like diabetes, migraines, arthritis, or depression, chances are you can qualify for a clinical trial. A two or three day trial can pay as much as $3,000! You may even have the added benefit of finding relief from your illness! 😉 This would easily give you your $1,000 emergency fund with some left over to pay off debt! Just be sure to talk to your doctor before participating in any trials.
Showcase Your Talent
Can you sing or play an instrument? Booking gigs at local bars and restaurants can help pay the bills! If you’re feeling brave, you could even try busking (performing on the street for tips). Are you good with a camera? You can sell your photos online as stock art. Can you do graphic design or copyediting? Try selling your skills on Fiverr. Fiverr is an online platform where people sell their skills starting at $5 a job. $5 may not sound like much, but after upgrades you can make a lot off of one job! Fiverr is full of unique ways to reach your $1,000 emergency fund.
Explore Your Passion
Perhaps you have a hobby that has untapped income potential. Can you do woodworking? Maybe you have a love for animals and could make some cash on the side by walking dogs or petsitting. Are you crafty? Try opening an Etsy shop. The possibilities for turning your hobby into cash are nearly endless! If you can create it, you can sell it.
Get a Side Gig
This isn’t a “get rich quick” hack, but it is a tried-and-true way to make an extra $1,000. Delivering pizza is one of Dave Ramsey’s favorite ways to earn extra cash. Driving with Uber or Lyft is another way to earn a great side income. Manual labor jobs like construction and landscaping also offer great pay. Try mystery shopping. Become a tutor- I used to make $25 an hour as a Spanish tutor. Take a look around and see what places are hiring. While you’re looking, use Job Spotter to make extra cash just by taking pictures of those “help wanted” signs!
Cash in the Rewards
Open a New Bank Account
When Sam and I joined Chase, we earned $250 in rewards! Lots of banks offer cash incentives to join their bank, and some offer greater rewards depending on how much money you deposit. Here’s a list from thepennyhoarder.com with a list of banks who offer rewards. Even if you don’t want to leave your current bank, you could open a separate account just for savings. We have our checking and savings at two separate banks. I find it helps me keep my savings IN savings when I can’t just transfer money back and forth.
Rent out Your House
Going on vacation? Rent your house out on airbnb.com while you’re gone. Depending on the size and location of your home, you could make as much as your vacation costs! If you have an extra room in your home, try renting it out year-round to vacationers. You can meet people from all over the world, learn new things about different places, and make a good side income!
So there it is- 8 ways to make $1,000 in a month. Do this ideas sound achievable to you? What things have you tried to make fast cash? Tell me about it in the comments below!