Here's How to Save 1000 in a Month
                     Here's How to 
Save
$10 0 0  in a M onth
PRESENTED BY LEVEL 
FINANCING

Br iefly 
Descr ibed
M ain T opics
There are situations in which we need a significant amount of  
extra money as quickly as possible. We may need to face an  
unexpected cost that is not covered by our insurance, buy a 
high-  ticket item, or help a close relative deal with a severe 
issue.
Unless you already have sufficient cash in your emergency fund 
or  savings account, the quickest way to obtain this sum is to 
borrow  it. However, taking out a loan or increasing our credit 
card debt  also means that we’ll have to pay that money back at 
a certain  interest rate.
Even though some online lenders can offer  
personal loans at very competitive 
borrowing  costs, you may want to avoid 
borrowing  altogether to avoid falling into a 
debt trap.
While putting aside a grand in a month may 
 seem like a herculean financial goal, it can 
be  achieved with the right amount of 
planning  and dedication. In this article, we 
are going to  give you some helpful tips on 
how to save
$1000  in a month.
If you haven’t done it already, the first step you should take 
is  to create a monthly budget. In personal finance, 
budgeting  refers to tracking your expenses so that you can 
find effective  ways to control them and pursue your 
savings goals.
First of all, list down all of your sources of income. Then list 
all  your fixed expenses. These are those costs that you 
are  required to pay each month, such as rent or mortgage 
 payments, utilities, and car insurance fees. The next step is 
to  list all your variable expenses in detail, such as 
groceries,  entertainment, and transportation.
Doing  so will g ive you a clear idea of 
what’s  currently coming in and what is 
going out.
That’s the starting point for any 
future  financial decision.
Nowadays, there are various free apps 
that  can help you budget. However, if 
you’re old  school and you prefer pen and 
paper, you  can just create a simple table 
on Word, print  it, and use it to keep track 
of your spending.
Your living expenses should also be divided into needs and 
 wants. The term needs refers to all those costs that are  
necessary to live a healthy, safe, and comfortable life or to 
 meet our debt obligations. Examples include your health  
insurance premium, car payment, and rent. In contrast, 
wants  are costs that are not essential but make our lives 
more  enjoyable. Examples include going out to eat, trips, 
and  expensive hobbies.
After identifying our wants, we should prioritize them, that 
is,  creating a list starting from the most important wants 
and  ending with the least important ones.
This list is highly subjective. For some people, a 
gym  subscription is more important than buying a 
weekly  car magazine, while for others, it may be 
the  opposite. A list of our wants may look like 
this:
Gym subscription  
Eating  out with 
friends  Skincare 
products  New 
clothes
Internet streaming  
subscription  Electronic 
devices
Short weekend 
trip  SPA 
treatment  New 
furniture
We all love our favorite brands of cereals, coffee, 
shampoo,  and dishwasher. However, it’s ok to sacrifice it 
for just a  month if we really need to save $1000 
quickly. Look for  alternatives at your local supermarket 
until you find the  one with the lowest price. Also, 
consider shopping  at a  discount store just for the 30 
days you need to put the  necessary sum aside.
This also applies to those wants you didn’t cut from the  
previous list because they are too high in the ranking. 
Look  for different ways of achieving the same result.
The next step you should take to reach the $1000  
target is to sell unwanted or unneeded. Again, this 
 list is highly subjective. For some people, an old 
book  may be priceless, while others may see it 
may be  worthless. However, here are some ideas 
on where  to start.
Electronics  
Video 
games  
Clothing  
Shoes
Books  
Collectibles  
Handmade 
crafts
T h an k  
you !
Learn more at
https://levelfinancing.com/how-to-save-1000-in-
 
 a-month/