Put an Extra $1,000 In Your Pocket Now!

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Wouldn’t it be nice to have an extra $1,000 laying around, either in savings or to be used on something special like an anniversary trip or home improvement project? Many of us could do with the extra money, even if it’s just to keep in the savings account. With this being said, there are some people out there who find that opting to get loans without credit check (as their credit score is not at its best) may be the answer to dealing with their financial stresses. As long as people are taking steps to better their financial situation, that’s a start. Anyway, while it may seem daunting at first, it’s actually quite feasible that you could pocket $1,000 over the course of three months if you break it down little by little. Saving $1,000 in three months means you would need to save approximately $333 each month. Let’s take a look at some ways you could do that:

Give up your subscriptions. It’s a hard thing to do (and it probably won’t be easy to get your whole family on board) but paring down your cable bill in favor of online entertainment and cutting the newspaper delivery and any magazine subscriptions could save you at least $45 per month!

Give up two meals out per month. Even a great pizza special that costs $15 or $20 is going to cost more than serving a bowl of pasta or some grilled cheeses for dinner. If you make a concerted effort to cut down on your eating out, you’ll easily save $25 per month.

Reduce your cell phone bill. Take a hard look at your plan and usage and make sure that you’re not utilizing a plan that’s too large for your family or one that’s too small (leading to high overage charges). I’ve done this a number of times and reduced my monthly bill by at least $30 per month.

Refinance. Look into refinancing options for either your car or house. If you have a four-year, $15,000 car loan at five percent and look to refinance it for under two percent, you could save $20 per month. This just shows how much you could save when it comes to your car loan. Don’t forget though, that even before you consider taking out a car loan, you should check out some top companies first, just to make sure you are getting the better deal. When it comes to your mortgage though, a $200,000 mortgage at just 5.3 percent (a great rate just a few years ago) could be refinanced to 3.5% and save you over $210 per month. You can approach your mortgage broker about this who will be able to discuss this further with their mortgage wholesale lender so that the financing options can be looked through and approved.

Add one less lunch or coffee to the mix and you’ll easily save $333 each month. Check with your financial advisor to see if this is the right option for you.

The information in this article is provided for education and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness or fitness for any particular purpose. The information in this article is not intended to be and does not constitute financial or any other advice. The information in this article is general in nature and is not specific to you the user or anyone else.

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This article is a guest post by Anne Perkins. Anne is a freelance writer focused on how to live large on a little living. She writes financial savings tips for the online short-term loan company – QuickQuid. At her blog, AnnieIdea.com, you can get tips on how to take any idea and make it easier or cheaper to complete.