This post may contain affiliate links. If you click and make a purchase, I may receive a small commission, at no extra cost to you. I only recommend products and services I use and love. Thanks for supporting The Little Frugal House!

What could you do with an extra $1000? How would $1000 change your life – in a big way or small way?

Would it mean not having to worry about paying bills for the month? Or a big jump on saving to pay cash for a new car?

Having an extra $1000 could mean a nice vacation, or fixing up your house.

We all have different financial needs and priorities, but one thing we all have in common is that more money means more possibilities.

One of my big goals for the year is to increase our savings account. For us, $1000 more dollars in our savings account gives us peace of mind. We have money set aside for emergencies and unexpected costs.

I created this $1000 money saving challenge to help us all reach our goals, $1000 at a time.

Work through this challenge to save $1000, and then do it again to save another $1000!

Let’s go reach our money goals! 🙂

$1000 Money Saving Challenge – Free Printable

Real quick, are you getting free cash back yet? If not, you are totally missing out on free money! I love using Ibotta and Ebates to get free cash back when I buy groceries and shop online. It’s so easy to use and I get cash back or gift cards for free all the time!

You can sign up for Ibotta right here and get $5 when you upload your first receipt!

And sign up for Ebates right here and get a $10 bonus – make sure to download the browser extension, so you know when you are on a site that offers cash back!

First, let’s think about some of the things you can do with $1000.

With $1000, you could:

Take a vacation
Complete a home repair project
Start or grow your emergency fund
Save to pay cash for a new car
Complete a room makeover
Buy a new washing machine + have money leftover
Save for your kid’s college or wedding fund
Start that new business venture

You can do a lot with $1000, so let’s start saving that money!

Why do YOU want to save $1000?

Do you have some goals you want to reach this year – if so, start there! Take a look at your goals and priorities, and decide what the $1000 will go towards.

Knowing what you are saving for and why will help you stay motivated and determined to keep going and saving money.

Just saving money to save money will not be enough to keep you going on tough days. Think about what this money will do for you and your family.

Write this down on the printable $1000 money saving challenge checklist.

Why this $1000 Money Saving Challenge works:

When you make a goal to save money, you have to be specific to actually stick with it. If you just say you want to save money, that’s great but what are you going to do specifically to make that happen?

I love a good challenge, so this format works great to challenge you to stick with your goal. Having a specific goal, with a measurable outcome in a challenge format is the perfect recipe for success!

You know exactly how much you need to save each week, how much you will have at the end of the challenge, and a simple printable to keep you on track.

How to save $1000 in 6 months:

Saving a little money each week will add up quickly over a few months! Breaking this big goal down into completely doable baby steps makes this way easier.

Be sure to keep reading to get more tips to save money each week! The big ones are to skip eating out, stay home as much as you can, and make saving money a priority!

I created a simple printable for you to keep you on track.

Print the free $1000 Money Saving Challenge checklist here.

To use the checklist:

Print the checklist here.
Each week, save the amount listed beside that week.
Check the box once you saved the money.
Continue until you have $1000 at week 24.

A few savings tips to help you save $1000 in 6 months:

Save the money as soon as you get your paycheck.

Put the money aside so you aren’t tempted to spend it.

Related Post: The 4 Bank Accounts You Need to Have
Schedule auto transfers.

Go into your online banking and set up an automatic transfer on the day you get paid. You can specify the amount and the date. This way, you won’t even see the money and it goes straight to savings!
Brainstorm ways to save more money!

Can you stay home more and avoid the cost of eating out? How about cancelling a monthly subscription? Do you have something you can sell that you aren’t using?

Related Post: 77 Things to Declutter & Sell

Saving money doesn’t have to be impossible or super stressful. Finding what works for you and your family will help you succeed.

This $1000 money saving challenge is a great place to start and build your savings or save for a big goal.

Whatever you save your money for, be sure to keep track of what works and what doesn’t work for you. If these challenges work well for you, repeat the challenge as soon as you finish to keep saving more!