5 Quick Ways To Build Your $1,000 Emergency Fund

Need to save $1,000 fast? Read to discover five easy ways you can save money for your emergency fund and beyond.Every good Personal Finance Junkie knows, the first step to financial freedom is to start a juicy, $1,000 emergency fund.

The reason you want to have a small pile of cash saved up in case of emergency is so you are not tempted to borrow money (go deeper in debt) when the unexpected occurs.

So, why $1,000?

One thousand dollars is low enough that most working adults should be able to save it up in a short amount of time.

At the same time, a thousand dollars is still a sizable piece of change and you should be able to cover most emergencies with it.

Your starter emergency fund is to protect you from events such as the occasional flat tire, broken appliances, small car repairs, small medical expenses or anything else the universe might throw your way.

The second reason why you need an emergency fund is so that you can have peace of mind when it comes to your finances.

There is nothing like knowing “I GOT THIS” when disaster strikes.

You don’t need to be sitting around waiting for the other shoe to drop. Get prepared in advance with your $1,000 emergency fund.

5 Quick Ways To A Save A $1,000 Emergency Fund

#1. Sell Your Crap

Most people have a crap load of possessions they don’t even use. If that sounds like you then you might be sitting on a gold mine!

Go through your things to discover just a few hidden treasures and place them for sell on Ebay or any other number of apps to sell your crap locally.

#2. Pick Up A Second Job

If you are really ready to get your $1,000 emergency fund done in a hurry, then pick up a second job and save 100% of the income from that job in your emergency fund.

I know people who work second jobs to pay for vacations. I recently picked up a second and a third part-time job to help pay down my student loan debt.

Yes, working extra jobs is a drag and the people you love will get mad at you for not having time for them. You can do anything temporarily though.

Just think about how quickly you can finish your emergency fund by adding additional, part-time work.

#3. Create A Go Fund Me Page

Ok so I know that you are probably thinking, is she kidding right now!? I promise you I’m not kidding. I don’t know how effective this method will be but hey, it’s worth a shot.

You would actually be surprised to find out all of the silly things people start go fund me pages for. Don’t believe me? Check these out:

So if these guys had the audacity ingenuity to create a go fund me, then why not get your emergency fund campaign going!?  Someone might throw you a few mercy dollars.

#4. Make Some Deep Budget Cuts

Finding additional money in your budget is like getting a raise. Review your budget to see where you can make some deep cuts.

For instance, I cut cable out of my budget several years ago and never looked back. That gave me an extra $60/month to throw in my emergency fund.

If you are like me, you probably spend a lot on food as well. I took the grocery budget makeover course to learn how to reduce my spending on food. That one decision allowed me to cut an extra $175-$200/month from my food budget.

#5. Start A Side-Hustle

At Personal Finance Junkie, we love a good side-hustle!

Earlier this year I wrote about 5 ways to make money online.  All of those ideas are viable solutions to earning more emergency fund money.  I do three of those ideas myself.

Try one or more side-hustle to improve your finances. Don’t stop at the emergency fund. A girl needs several income streams in this economy.

Already Have Your $1,000 Emergency Fund Set?

Read these articles to discover your next steps:

Building a starter emergency fund is the first step to building wealth and reaching financial freedom. There are a number of ways you can accomplish that goal quickly.

The bottom line is you are going to have to get creative to find the additional money you need, but it is doable.

Set a goal (with a deadline) to fully fund your $1,000 emergency fund. Build your account up as quickly as you possibly can.

Do you have your starter emergency fund set up? Do you believe it is an important step in your journey to improve your finances?

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