How can you save $1000 in a year? Is it possible? Is this not something easy that anybody can do it?
This is a short post to help you save $1000 in a year. It is to serve as a quick guide to see how you can save one thousand dollars in one year.
Saving a thousand dollars in a year sounds like a pretty simple thing to do. But don’t be surprised to find out that according to a GoBankingRates.com survey, 58% of Americans have less than a grand in a savings account.
Before I continue, let me show you this simple chart from Mediumsizedfamily.com that shows how you can save $1000 in a year where you can save some money every week.
So let me show you 2 incredible ways to save $1000 in a year
These are two super simple ways you can save one thousand dollars in one year. You don’t have to worry about saving any money from your own pocket.
And you don’t have to stress your brain trying to come up with the exact amount you need to save every day, week or month.
1. Take advantage of credit card sign-up bonuses
You can make over $1000 dollars every year by signing up for credit cards that offer sign-up bonuses.
If you consistently carry a credit card balance, DO NOT sign up for another card!
No amount of credit card rewards will make up for the exorbitant interest rates you are charged if you don’t pay your balance in full every month.
Research some credit card companies that have great sign up bonuses you can take advantage of.
2. Adjust your thermostat
The rule of thumb is that you’ll save about 3% per month for every one degree you adjust your thermostat.
So, if it’s hot outside, increase your thermostat by three degrees to save 9% a month.
Cold out? Turn down your thermostat three degrees.
If you pay $1,000 a year to heat your home, this will save you $900 this year.
These are two very simple ways you can save $1000 in a year without disturbing yourself about how much you should save every month, week or day.
It’s pretty simple, right?
I will continue to update this post by bringing you awesome deals from credit card companies to help you achieve your goal.
Manage Your Money Better
Below are some personal finance books I recommend to help you save more money. They have helped me a lot and I'm sure they'll help you in your journey to financial freedom.
- The Compound Effect by Darren Hardy
- Total Money Makeover by Dave Ramsey
- I Will Teach You to Be Rich by Ramit Sethi
- Master Your Money (Super Bundle)
- Need an extra $2,500? Get loans up to $5000
- Are you in debt? Get free debt consultation and find a solution to your debt
- Unshakable: Your financial freedom blueprint
- The New Money Masters
- Tools to make money in tough economic times
I have read about 5 out of the 7 books and I can boldly say they have helped me handle my finances better. I believe in them because they have helped me in my financial journey and I think they’ll help you too.