Tips for Building up a $1,000 Emergency Fund Quickly
You know what is nice? Having an emergency fund put together for when an emergency happens. Financial emergencies happen all the time, but most Americans resort to using credit cards. Not anymore! You do not have to be a slave to credit. Here is how to get a $1,000 emergency fund built up quickly.
Tips for Building a $1000 Emergency Fund Quickly
#1. Eliminate the extras.
If you want to get that emergency fund built up, then eliminate the extras. Cable, eating out, driving too many places are all extras that can be eliminated. By getting rid of things that are taking up your budget, you’re going to be able to put that money elsewhere. Trust me, it is so hard saying goodbye to extras. If you can’t afford it, though, it is not worth it!
#2. Start selling items you own.
This part is so hard but so worth it. You probably have cash sitting around your house that you don’t even know about yet. You can start selling items you own to start building up that emergency fund quickly. Most people have at least $500 worth of stuff sitting around that they are not using. When you are debt free later in life, you can always rebuy items if they mean that much to you. However, this is one of the best ways to get your $1,000 emergency fund built up quickly.
Check out our post with 20 Ways to Make Money From Home.
#3. Get an extra job.
Working a 2nd or 3rd job doesn’t need to be forever, but it can help you build up your emergency fund quickly. Most people do what it takes to get that $1,000. It may involve babysitting, raking leaves, or snow plowing, but they get it done. Do you have what it takes to work hard and build up that emergency fund? Nowadays, you can easily get a second job right from the comfort of your own home.
Have you been interested in blogging? Check out our post on how to start your own blog!
#4. Stop blowing your money.
How many times have you spent money on something you have no budget for? I am here to say that your money will go a lot further when you put together a budget and stick with it. It is so hard to stick to a budget, but once you get the hang of it, you can go far.
Getting that $1,000 emergency fund built up quickly is all about dedication and hard work. It really is about telling your money where to go. I’d love to hear how you built up your emergency fund.
Cheryl says
December 9, 2017 at 2:37 pmTo build up my emergency fund, I did a No-spend” month and magically had $1000 leftover.