Save $1,000 every month, including a money challenge to help!
I am sure we have all sat down and thought about how we are possibly going to save enough money to pay off a bill or an unexpected expense in a very short amount of time.
I have typed into Google “How can I save money fast?“
There were some very good helpful tips, but back when I was struggling there weren’t as many ways to easily save money fast.
The internet was filled with scams and I mean FILLED, it isn’t like today, most blogs I visit are very honest and truthful, which I hope you think I am too!
The key to saving money every month on a low income is to find free money. Struggling to live on a low income is challenging enough I don’t want to make you cut even more from our budget.
Save money in 30 days to pay off some bills or even some debt, heck let’s make it a monthly challenge! Come back and re-do these every month and watch your savings explode!💣
Here is your Printable:
Read on below to find out what each money-saving task consists of!
If you frequent my blog then what I am about to say will probably have you loudly sighing and thinking “Not this again” BUT you need a budget!
This is the ultimate weapon for saving money since you will need to know where your money is going every month.
Yes, it is recommended that you create a new budget every month, that way you can look back and make adjustments if needed.
1. Save Your Change Daily
Saving your change can help give you a kick start to saving money every month.
I use a 2L pop bottle and save my dimes and nickels. I also save my quarters in a piggy bank! If you are feeling adventurous some have saved $1 and even 5 dollar bills.
Just think, if you saved 10 dimes per day that would be $1, at the end of the month you would have saved up $30! (Of course, this depends on how many days in the month there are, but you get the idea!)😉
2. Cut down on your Monthly Expenses
Naturally, this might not work for the current month but it sure can work for the next month and onward, thus saving you more in the long run.
When we think of our fixed expenses we probably don’t consider lowering them since the word fixed kind of says it all.
These expenses such as utility bill usually stay the same, BUT there are plenty of ways to cut these so-called fixed expenses down.
To help make your life easier there are some nifty tools you can use to help move this along without you calling a bunch of companies. Yes, you read that right!
The Trim app, which you download on your phone can call and negotiate your cable and Internet bill, how cool is that?!😎
There are also tons of ways to cut down your power bill:
Unplug all electronics not in use
Switch out your light bulbs for LED bulbs
Make sure your home is well-insulated
Consider reusable energy
Wash laundry with only cold water
and more.
You might also enjoy: How To Save Money On Your Bills Every Month
3. Earn SB on Swagbucks Daily to Exchange for Gift Cards
Swagbucks is an online rewards website where you can sign up and earn virtual points called SB, you then exchange those points for gift cards or PayPal cash. Swagbuckshas already paid over $330,703,805 in cash and free gift cards to its members!
Claim Your Free $5 Bonus
The best thing about Swagbucks is that it is FREE to join and you even get a free $5 sign-up bonus, don’t forget to verify your email address.
I would set a daily goal for how many SB you want to earn by the end of the month. I like to do 100 SB per day, then I would have $30 to exchange by the end of the month.
Here is proof, this is just one of my gift cards!
BONUS: They even have deals on their gift cards so you can save even more!
You might also like: How To Make Money Using Swagbucks
4. Cancel Unwanted Subscriptions
Sometimes you could have subscriptions you have forgotten about that are draining your bank accounts.
Worse, if you don’t have the money, you get hit with NSF fees.😠
We don’t want that and can save yourself some monthly cash, an easy way to do this is using Trim.
Trim analyzes your transactions to find all your recurring subscriptions. Once Trim finds them, all you have to do is ask Trim to cancel them! Easy-Peasy. 😁
5. Make Money Doing Surveys
Making some extra money is a great way to add to savings, since this is not in your budget at all you can add it directly to your savings.
Survey Junkie is the most popular Survey Site right now, and it is the only one I trust (other than Swagbucks).
The amount you earn per survey varies, but it is very easy to sign up and you earn some points just by filling out your profile.
To cash out you need to reach $10, not too bad and you should be able to do this pretty quickly depending on the surveys that are available to you.
Earn up to $50 per survey
Survey Junkie is free to join and again I would set a reasonable daily goal, even if you just try to reach the $10 cash out by the end of the month.
There are more legitimate survey sites you can sign up for to make even more money.
RewardSurvey is another popular way to earn money just by giving your opinion.
They have shorter surveys so if time is your problem this could be your best option.
Signing up is free and you can claim a $30 instant reward!
6. Sell Unwanted Items – You’d Be Surprised!
Alright, this one you probably hear and read a ton on these types of posts BUT you would be surprised what you can sell AND what people are willing to pay money for.
Especially now, more people are trying to reuse and recycle so most are looking for second-hand items to save money.
You should be doing this also! I rarely buy “new” unless of course I am treating myself or I need new undies (please do not buy used undergarments… I would never suggest that!😅)
I send my kid’s clothes to a local auction regularly and earn on average $25 per week.
My kids grow out of their clothing so fast and by sending it to the auction I cut out a lot of time so I can focus on other things.
You can also post on buy and sell or eBay.
Using all the above you should be able to save a good amount of money within 30 days. I tried to think of ways that are realistic but a bit unconventional.
Quick Tips to help you stay on track!
- Keep track of how much you are saving daily to help keep you motivated.
- Decide what you will spend the money on and the minimum amount you will need.
- Make your goal higher than the minimum amount you need.
- Make a daily checklist of the tasks you need to accomplish each day to reach your goal.
- Make it a family challenge and have some fun with it!
More ways to save money every day
1. Save when you do shop
There are tons of ways to save money when you are shopping, from rewards cards for different stores and now you can earn a percentage back of your online shopping!
Using Rakuten you can earn a nice percentage back on your purchases! This is essentially free money for you to put back into your savings.
2. Meal Planning
This is very important, especially in our current state of economy where according to the U.S Bureau of LAbour Statistics:
“The Consumer Price Index for All Urban Consumers increased 8.3 percent for the year ended August 2022. Over that period, prices for food at home increased13.5 percent, the largest 12-month percentage increase since the period ending March 1979. Prices for food away from home increased8.0 percent for the year ended August 2022, the largest over-the-year percentage increase since an 8.4-percent increase inOctober 1981.”
My advice is to prepare meals at home and plan your grocery shopping to avoid impulsive purchases. Look for budget-friendly recipes and consider buying generic brands to save on food costs.
3. Increase your income
You can make extra money using easy side hustles which you can then put that money into savings. Some examples are:
Blogging
This is my top recommendation for making some extra income, I make on average $2000 per month in EXTRA income from my small blog.
In fact, I have seen such success in blogging I even started a second blog which I am growing and sharing every step with my followers! Sign up below to join in!
Make money reading books
There are different ways you can earn money online by reading books. Earn up to $60 per book review using Online Book Club.
Related: Make $100 a Day Online in 2024 (fast money)
Use AI to make money
You can generate income by creating content related to AI, such as tutorials, courses, or educational materials for individuals or businesses seeking to understand and implement AI technology.
When creating AI content to generate income, consider the following steps:
- Identify your target audience: Determine whether you want to create content for beginners, intermediate learners, or advanced professionals in the field of AI. Understanding your audience will help you tailor your content to their specific needs and knowledge levels.
- Choose a content format: Decide on the type of content you want to create, such as written tutorials, video courses, webinars, podcasts, or interactive learning modules. Each format has its own advantages and may appeal to different types of learners.
- Select relevant topics: Research and identify trending or in-demand topics within the AI field. This could include machine learning algorithms, neural networks, natural language processing, computer vision, or ethical considerations in AI.
- Create high-quality content: Develop comprehensive and well-structured content that provides value to your audience. This may involve writing detailed tutorials, creating engaging video lessons, or designing interactive learning experiences.
- Establish a platform: Choose a platform to host and distribute your content. This could be your own website, a popular e-learning platform, or a combination of both. Consider factors such as ease of access, user interface, and marketing capabilities when selecting a platform.
- Market your content: Promote your AI content through various channels, such as social media, email marketing, search engine optimization, and partnerships with relevant industry organizations. Building a strong online presence and engaging with your target audience can help increase visibility and attract learners.
- Monetize your content: Determine the pricing model for your content, whether it’s through one-time purchases, subscriptions, or a freemium model. Additionally, consider offering additional resources or personalized support for a premium fee.
- Engage with your audience: Foster a community around your AI content by encouraging discussions, feedback, and collaboration among your learners. This can help create a loyal following and drive word-of-mouth referrals.
By following these steps, you can create and monetize AI content that provides value to learners while also generating income for yourself.
