5 Easy Steps To Save $1,000

Why $1,000?

Step 1: Set a savings goal on Summit's Climbr®.

Step 2: Tell other people.

Step 3: Set up a savings account and call it “Emergency Savings.”

Step 4: Pay yourself first with automatic transfers.

Step 5: Find that $1,000. Here are a few ideas.

• Use cash. You’ll spend less if you can’t pull out your debit or credit card when it’s time to pay.
• Cut out all unnecessary spending. Set a realistic timeframe for hitting your target (again, Summit's Climbr® is your friend here) and make it a game you play with yourself and your loved ones. Who can think of the best free Friday night activity? Who can make the best homemade lunch? Who can find the best deals at the grocery store? And do you actually use things like cable and premium streaming options? If not, stop paying for them!
• Get a temporary, part-time job. This won’t be a solution for everyone. But if you’re motivated to get that money saved and have the flexibility it might be a good choice until you hit your target.
• Find better deals on things you have to have. We all need insurance, some sort of phone/Internet, food, gasoline and similar. Online research or a few phone calls could help you cut costs in all these areas.