Piggy Bank with someone saving money

Easy Guide to Saving $1000 a Month

You are probably searching for something like “How do I get money fast” or “Best side gigs”.  If I guessed it right (or even if I guessed it wrong lol), then you have come to the right place!  At Money Tree Network, our goal is to make it as easy as possible to help you save loads of money quickly and get out of debt.

Today, the average American cannot even afford to cover a $500 emergency without going into debt.  They are living paycheck to paycheck and just barely making it every month. This needs to stop! But how you may ask?  Well there are 2 main options: Make more money or spend less money.

Today I am focusing on how much money you should be able to save each month and how to make loads of money with great side gigs.

How Much Should I Save Each Month?

To answer the question of “How much should I save each month?”, we really have to dig a little bit deeper.  I would encourage you to follow the 50/30/20 rule, This says 50% of your income should be going towards your necessary expenses, 30% of your income should go towards your wants, and that should leave 20% for you to save.

If you are wondering what counts as a necessary expense then think of things like housing, home cooked meals, gas, and the basic clothing.  Some examples of wants may include internet, cable, eating out, and the more expensive clothing. The money that you have leftover (should be 20% of your income) should go straight into savings.

Your objection is probably that you can’t find 20% of your income to put into savings.  That is where boosting your income comes into play. Dave Ramsey says you should save $1000 before even trying to get out of debt and I completely agree.  You really need to focus on one thing at a time in order to succeed.

First we need to review ways to make an extra $100, $1000, or even $10,000 each month or year.  We’ll review some of the best side gigs available to most people next.

What is a Side Gig/Side Job

A side gig is a job that you take-on part time on top of your full time job.  People typically use their side gig to bring in some extra money every month or just to explore their passions.

Best Side Jobs to Make Money Fast

There are so many side gigs out there!  This makes it impossible to go through every single option but I will review a few that I have personally done, and some others that I know people have done.

Uber and Lyft

Uber and Lyft are both great ways to make some extra money at night and on the weekends.  These apps have you download the driver version of the app, signup and register your car and then start delivering people!  Whenever you want to work, you simply open the app and wait for somebody to request a ride.

These apps allow you to pick your own hours and therefore you can make as much money as you want.  Certain times of the week, you will be able to earn extra money because it is so busy. These are times you may want to drive.

The downside to Uber and Lyft is the wear and tear that you will put on your car.  You will be driving A LOT and as you put more miles on your car, your car goes down in value.  The hope is that you will make more money than you are losing by driving for Uber or Lyft.

Food Delivery: Postmates, DoorDash, UberEats, GrubHub

Postmates, DoorDash, and GrubHub are 3 of the leading food delivery services on the market today.  You can pick your own hours, deliver only orders that tip well, and they really just give you flexible work.  Of course the more you work, the more you make, so I highly encourage you to work at least a few hours per day if you want to make $100-$1000 per week.

The downside to delivering food is that you are putting the wear and tear on your car.  These apps usually tell you the total distance of your trip but these add up! The other downside is that you have to be able to park wherever you are.  If you live in a city parking may be extremely difficult so be careful! You have to pay your own parking fees so consider riding a bike or walking from place to place.

If you use these apps, I highly suggest also using Stride.  Stride will help you track all of the miles that you drive so that you can deduct them on your taxes later on.  It is really important to keep track of every mile that you drive for Postmates, DoorDash, UberEats, or GrubHub because it is expensive to fill up your car with a tank of gas.

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Fiverr

Fiverr is a company that connects freelancers with companies looking to hire!  If you are a digital assistant, proofreader, copywriter, marketing enthusiast, graphic designer, or almost anything else, you can create an account on Fiverr.

After you create an account on Fiverr, you will be able to create a profile for yourself where you outline your experience and why you are looking for freelance work.  You will then be able to set your own rate and start working!

Whether you are looking to make money while in college, or are just looking for a way to make some extra money so that you can save $1,000, check out Fiverr!  This could potentially become a full-time job if you work hard at it.

There are a lot of freelancers who make enough money to do it full time. Even if it does not become a full-time income you will earn great experience that will translate to a full-time job.

Rover and Wagg

Do you want to make money just for taking care of dogs?  Rover and Wagg are great options! By using these apps, you will be able to make money for walking, feeding, and playing with dogs! Who wouldn’t want to do that?

Simply download the app, create a profile and wait for requests to come in!  It is truly a domino effect. Once you get one request, chances are you will start to get more and more.

The only real problem with these apps is that a lot of the requests will be for during the day when you are likely at work.

Rent Out Your House: Air BnB

Out of all the options that I have given you so far AirBnB is probably the easiest.  If you have a vacation house, or even just an extra bedroom in your own house AirBnB can be a great option.

You just download the app and get started!  You can set your own rate, choose who you want to rent to, and much more!  You will have to clean the house after each visit but you could hire somebody to do that for you. Why not rent your house on AirBnB?

The downside to AirBnB is the idea that you are renting your house to a stranger. This is uncomfortable for some people, but if you are not one of those people this is a great option!

Amazon Flex

At this point, almost everybody in the world has heard of Amazon, and a majority of the world has bought something from them.  Since they are only continuing to grow, they have started their own package delivery service called Amazon Flex.

If you meet the age and insurance requirements, you can begin delivering Amazon packages so soon.  Amazon says you make $18-$25 while picking your own hours so why not give it a shot?

Although you will definitely put wear and tear on your vehicle, the fact that you can earn as much as $25 per hour can make it worth it!  Work as much as you can and you will earn $1000 in no time.

More Traditional Jobs

There are plenty of traditional side gigs like delivering pizza, working retail jobs, babysitting and much more.  These jobs will all also help you to earn a good income. They are just a little bit different because you usually can’t pick your own hours or set your wage (with the exception of babysitting).

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Pizza Delivery Driver

Find a local pizza shop in your area and see if they are hiring a delivery driver.  I have heard of pizza delivery drivers making as much as $25 per hour when they include tips!  Be friendly and work hard and you could earn this as well!

Nights and weekends are when you will earn the most money so try to do that!  Friday and Saturday nights will likely be the busiest times and therefore, you will get the most tips.

Working In Retail and Restraunts

Working in a retail store or restaurant is different than the other options I provided because you can’t really pick your hours or set a wage.  You will earn a certain amount of money per hour that you work. You could ask for overtime but it is not guaranteed.

Working retail is a great way to earn money if you know you won’t make yourself work otherwise.  I am the type of person who finds it hard to get motivated to do something but once I start, I get on a roll.  Working retail was a great option for me to start earning some extra money since they gave me set hours each week.

Babysitting

Out of all the traditional job ideas that I offered, this is my favorite!  With babysitting you can set your own hours, set your own wage, and babysit for people you know.  Most babysitters can earn anywhere between $10 and $25 per hour per kid!

If you babysit for 5-10 hours per week, you can easily earn $100-$250 per week which means you could earn up to $1,000 per month!

Alternative Ways to Make Money

All of the above options are great ways to make large chunks of money, but there are plenty of other ways to earn or save money as well.  Everyone including me is tired of hearing about the online surveys you can take to make quick money. There is only one survey website that I would give a try and that is swagbucks.  I will talk more about that later.

I have other ideas such as Rakuten, Ibotta, Drop, and Paribus that will allow you to earn cashback on all of your purchases.  These apps make credit cards literally useless because you will still be able to earn cash back.

Rakuten

With Rakuten you can get up to 40% back on all purchases that you make at over 2,500 stores!  There are no coupon codes, points, or complicated processes to getting this cash back so download the app today!

They pay out once per quarter via either a physical check or a PayPal deposit.  This means that you won’t get a weekly or monthly paycheck but when you do get one it will be much larger!

Rakuten works in stores including Kohls, Walmart, Amazon, and many other stores in your area.  When you sign up today, you get a $10 gift card (as of 3/11/20).

Ibotta

Ibotta is a great app for earning cash back at many stores including over 300 large retail chains.  These include grocery stores, clothing, pet supplies, and home goods stores! Again no coupon codes, points or complicated processes are involved in getting cash back with Ibotta.

Ibotta has paid out over $600 million in cash back to over 35 million users.  Some of the retailers that they work with are Domino’s, Cabelas, Home Depot, Target, and Walmart.  Download the app to get started today. You will make $20 just for downloading the app (3/11/20)! Sounds like a good deal to me!

Drop

Drop is an awesome app that will give you cash back in the form of giftcards.  When you get the app you can actually shop right through the app instead of having to scan your receipts.  You would then instantly start earning points towards gift cards for places such as Starbucks, Target, and Amazon.  You are sure to find a gift card that will help you!

Drop offers “challenges” where they feature certain stores where you will be able to earn extra points.  You will receive your gift cards almost instantly in most cases!

Paribus

Paribus is yet another different type of cashback app which will actually scan your email searching for price drops on your recent purchases.  They look at all of the receipts from stores such as Amazon, Target, and Walmart and alert you if the item price decreased.

They have saved users over $29 million since they started!  You can earn a lot of money for doing almost nothing.

Honey

No discount list would be complete without mentioning Honey.  Simply get the Google Chrome extension, Honey and start saving money on your everyday purchases.  The app will automatically alert you if they found a coupon for the site that you are shopping on.  They will then apply the coupon to your purchase, helping you save loads of money. Why not give it a try today?

SwagBucks

I mentioned before that I would review Swagbucks because it is an insanely easy way to earn money quickly.  This website and app not only let you take online surveys and questionnaires but they also pay you to shop online, watch online videos, and simply search the web.

They give you cashback on purchases that you make from stores including Amazon, Walmart, Starbucks, and Target!  I know I can’t stop going to these stores so I’m sure you go to one or all of these stores as well. Check it out and let me know what you think in the comments section below.

How to Save $100, $1,000, Or $10,000 FAST

Doing any combination of the jobs that I listed above for a month will allow you to save $100 easily.  Doing a combination of the above in addition to not eating out or spending on entertainment will help you save $1000, and doing these for a whole year will allow you to easily save $10,000!  Set smaller goals for yourself so that you do not get discouraged.

If you are trying to save $1,000 maybe you do something special once you reach $500 in savings.  This will help you push your way to saving a lot of money.

To Sum It Up…

Picking up a second job is critical to saving extra money every month.  Whether you deliver food, people, or decide to work in retail, making an extra $100 or $1,000 per month should not be too hard to do.  Break down the bigger goals so they don’t seem so big. Just work as hard as you can and you will achieve your goals!