Home Investing How to Save 2000 in 1 month Fast [with Savings Chart]

How to Save 2000 in 1 month Fast [with Savings Chart]

How to save 2000 in 1 month

Perhaps, you are looking to save to meet a budget. Whatever the case, you can easily save 2000 in 1 month as long as you have a source of funding. You’d have to do away with certain habits and unsubscribe from unnecessary services in the meantime. It could also mean suspending important habits, say your cable subscription, to quickly reach your $2,000 goal.

You need help anyway, that’s why you’re here. And as financial experts, we have set up well-curated measures to help you complete your savings goal without being less of yourself. Get in and learn something new ASAP.

Savings chart for 2000 in 1 month

Let’s explore effective money-saving strategies using easy-to-follow money-saving charts or tables. If you decide to start making daily, weekly, or biweekly deposits, you can save up to $2000 per month in one month. Here we go:

Daily money-saving chart: saving $2000 in a month with daily Deposits

Day Amount
1.       $87
2.       $115
3.       $53
4.       $79
5.       $62
6.       $101
7.       $94
8.       $46
9.       $82
10.     $71
11.     $95
12.     $69
13.     $58
14.     $77
15.     $106
16.     $92
17.     $41
18.     $68
19.     $83
20.     $59
21.     $74
22.     $50
23.     $60
24.     $89
25.     $65
26.     $55
27.     $48
28.     $102
29.     $80
30.     $34
Total: $2000

Weekly money-saving chart: saving $2000 in a month with weekly deposits

Week Deposit Amount Total Savings
1. $500 $500
2. $500 $1000
3. $500 $1500
4. $500 $2000

If you can consistently follow this money-saving chart, then you’d be able to save the recommended amounts daily and $500 each week, resulting in a total savings of $2000 by the end of the month. Scared about this? Not to worry. Breaking down your savings into smaller, regular deposits makes it more manageable and less overwhelming.

Can you afford to do biweekly savings? Here’s how to save $2000 in 1 month:

Money-saving chart: saving $2000 per month with biweekly deposits:

Week Deposit Amount Total Savings
1. $1000 $1000
2. $1000 $2000

For those looking to save even more, this money-saving chart focuses on biweekly deposits. Saving $1500 every two weeks enables you to reach even a total savings of $3000 in just one month. All you have to do is to adjust the amounts to fit your budget and financial goals.

Why use money-saving charts?

Money-saving charts are helpful tools for saving $2000 in a month. They show you how much money to save each week or every two weeks in a simple, visual way. Following these charts allow you to stay on track, develop good saving habits, and see your progress.

They also help you understand where your money is going and make better choices with your spending. Using money-saving charts makes it easier for anyone to reach their savings goal.

To reach your savings goal, all you have to do is deposit the set amount on the scheduled dates. Experts suggest opening a separate savings account at your bank to keep track of your balance. The easiest way is to set up automatic transfers from your checking account to your savings account.

Here’s how it works: If you’re saving $2,000 in a month with a weekly schedule, you can schedule $500 to be transferred from your checking account to your savings account each week. Just make sure to set up the transfers to match your savings plan.

Some savings plans may have a slightly different amount for the last deposit to reach the exact total of $2,000.

If you prefer, you can also make the deposits manually. The important thing is to follow the plan, make the deposits on time and in the specified amount, and you’ll have $2,000 saved up in 30 days. You might even graduate into making it a habit to save 2000 a month.

How to save 2000 in 1 month

How to save 2000 in 1 month

Sometimes the hardest thing about saving money is just getting started. These simple tips to save 2000 in 1 month can help you develop a simple and realistic plan to save for your goal.

  1. Learn to manage your money

Start by making a plan for your money, called a budget. Keep track of how much money you earn and spend each month. Sort your expenses into two groups: fixed costs (like rent and bills) and variable costs (like groceries and entertainment). Find areas where you can spend less on the things that change each month so you can save more money.

For example, you might find that you’re spending more on eating out or unnecessary subscriptions that can be reduced or eliminated to meet up with your 30-day savings plan.

  1. Pay off your debts before the plan

Before you start saving toward the $2000 goal a month, focus on paying off any money you owe to others. This includes credit card bills or loans. Paying off debts should be a priority because the longer you wait, the more money you’ll have to pay in interest.

One effective approach is to use the 50/30/20 budgeting rule. Allocate 50% of your income to cover essential needs like housing, food, and transportation. Dedicate 30% to discretionary wants like entertainment and dining out. Finally, reserve 20% specifically for savings; or in this case-paying off debts, including credit card balances or loans.

  1. Create a dedicated savings account

Separate your savings from your everyday spending—it’s a piece of expert advice and a smart move. Open a dedicated savings account where you can deposit your saved money. According to CapitalOne, “With most savings accounts and money market accounts, you’ll earn interest every day, but interest is typically paid to the account monthly.”¹ A separate account helps you resist the temptation to dip into your savings for everyday expenses. So, look for accounts with higher interest rates to make the most of your savings and watch your money grow over time.

  1. Automate your savings

For a consistent savings contribution, it’s best to set up automatic transfers from your daily spending account to your designated savings account each month. This ensures a consistent savings contribution and removes the temptation to spend that money elsewhere. It also helps you develop a disciplined savings habit without relying solely on willpower. Even if you start with a small amount, the key is consistency and gradually increasing the contribution as your financial situation improves.

  1. Automate bill payments

Set up automated bill payments to avoid late fees and additional charges that come with it.² Paying bills on time helps you save money in the long run. Late fees and additional charges can eat into your saving goal of $2k, so set one up before you start. Pay bills on time to help you save money in the long run and avoid unnecessary expenses.

This method also ensures that you won’t forget to make payments and face penalties. Take advantage of online banking services or contact your service providers to set up automatic bill payments.

  1. Set spending limits

It’s recommended to set spending limits on your credit or debit cards to avoid overspending, rather than leaving it to ‘willpower’. Many banks offer this service, allowing you to establish a cap on your spending. Implementing spending limits helps you to better control your expenses and prevent yourself from going overboard. Make sure to stay within your budget and ultimately save more each month.

  1. Use the envelope budgeting system

The envelope budgeting system is a practical way to manage your finances and control your spending while saving up to 2000 in one month.³ Here’s how it works: withdraw your monthly income in cash and divide it into different envelopes for each expense category. Allocate specific amounts for fixed costs like rent, bills, and groceries. As you spend from each envelope, you’ll have a visual representation of how much is left for that particular category.

Note: Using cash can help you stay disciplined and ensure you stick to your budget for each expense category.

  1. Cut back on rent

If you’re looking to save 2000 in 1 month, consider ways to reduce your monthly rent expenses. One option is to find a roommate to share the living space and split the rent. This can significantly lower your housing costs and free up more money for savings. Let’s say you have a duplex; you can house hack it to save more money.⁴ This will even mean more money savings over the coming months though.

Another option is downsizing to a smaller, more affordable apartment or considering alternative housing arrangements like co-living spaces. Exploring these options can help you achieve substantial savings in your monthly budget.

  1. Reduce your utility bills

Minimize your utility bill for the month by changing to a cheaper energy provider, using energy-efficient light bulbs, investing in a smart thermostat, and sealing air leaks around windows and doors. Start by researching and comparing energy providers to find a cheaper option to help you save 2000 in 1 month. You can consider some energy-saving tips such as using energy-efficient light bulbs that consume less electricity and last longer. Installing a smart thermostat can help optimize your energy usage and reduce heating and cooling costs. could account for up to 20% of your electric

In addition to this, check for air leaks around windows and doors and seal them properly to prevent heat or cool air from escaping. These small changes can add up to significant savings on your utility bills. That’s because an insignificant air leak could account for up to 20% of your electric bill.⁵

  1. Take up a side hustle

Consider working additional part-time jobs or freelance gigs to increase your income. Look for opportunities that align with your skills or interests, such as freelance writing, graphic design, tutoring, or driving for a rideshare service. The extra money you earn can be directly deposited into your savings account. However, be mindful not to overwork yourself and maintain a healthy work-life balance.

  1. Cancel unused subscriptions

Review your subscriptions and identify any that you rarely use or no longer need. Get rid of it for the next 30 days to save 2000 in 1 month. Many people accumulate subscriptions for various services like streaming platforms, fitness apps, or magazines that we hardly utilized. Canceling these unused subscriptions can free up funds that can be redirected toward your savings goal.

Don’t fall into the sunk-cost fallacy by holding onto subscriptions you no longer need or use. Be honest with yourself and consider the value you’re getting from each subscription to determine which ones are worth keeping and which can be let go.

  1. Fix things yourself

Instead of immediately paying for repairs or replacements, try to learn how to fix things yourself by utilizing online resources. There are countless tutorials, videos, and forums available that can guide you through DIY repairs for common household items or even your car. By acquiring some basic repair skills, you can save a significant amount of money on professional services. From simple tasks like unclogging drains to more complex projects, taking the time to learn and tackle these repairs yourself can lead to substantial savings over time.

  1. Think before splurging

When it comes to significant purchases or splurges, show restraint and avoid impulsive buying for 1 month. Before making a big purchase, give yourself a few days or even a month to think it over. This allows you to evaluate whether you truly need or want the item and gives you time to research and find better deals. Delaying gratification can prevent you from making regretful purchases and save you money in the long run.

  1. Suspend car payment plans

If you plan on getting a car, suspend it for the month. That will only be a setback to your plans. But if there’s ongoing financing (in the case of auto loans), the better practice would be to explore the lender’s terms to see if you can suspend the repayment for the said month without a penalty. Alternatively, you might be able to pay less than the fixed amount without a penalty.

  1. Reduce grocery spending

One area where you can make substantial savings is your grocery budget. Plan your meals and create a shopping list based on those meal plans. This helps you avoid impulse purchases and stick to your budget. Consider going meat-free for one or more days a week as meat products tend to be more expensive. Look for lower-priced items, especially on the lower shelves, as they are often more affordable than eye-level products.

You can also consider buying in bulk for non-perishable items or taking advantage of discounts and coupons to maximize your savings.

  1. Designate a no-spend day

Choose one day each month when you only spend on fixed costs and avoid any unnecessary expenses. This can be a challenge but gradually increasing the frequency of no-spend days can lead to even greater savings.

It helps you become more mindful of your spending habits, encourages creativity in finding free or low-cost activities, and reinforces the importance of distinguishing between wants and needs.

  1. Sell unused items

Declutter your home and sell unused possessions online. Apart from helping you to save 2000 in 1 month, it creates a more organized living space and also gets an opportunity to earn some extra cash. Identify unused or unwanted possessions that are in good condition and consider selling them online through platforms like eBay, Craigslist, or local buy-and-sell groups. You’ll not only clear out your space but also generate additional funds that can be put toward your savings goals.

  1. Cut down transportation cost

Making small changes to your expenses can lead to substantial savings in the long run. Consider this scenario: if you frequently rely on Uber rides that typically cost $7 each, eliminating three of those rides per week and opting for walking or public transportation instead, you could potentially save $300 over the next four months. Similarly, individuals who commute by car might discover that carpooling significantly cuts down their monthly expenses on fuel.

What is the 30 day rule for saving?

The 30-Day Rule is a helpful strategy for people who struggle with impulse spending. It provides a structured approach to curb impulsive buying habits and encourages thoughtful consideration before making a purchase.

The 30-Day Rule can also help you save $2000 in just 30 days through careful consideration of your purchase decisions, especially when it comes to significant expenses.

So, what exactly is the 30-Day Rule? Essentially, it involves delaying a non-essential purchase for a period of 30 days. Instead of buying something immediately, you make a commitment to wait for a month before making the final decision. This waiting period allows you to reflect on the necessity and value of the item, separating impulsive desires from genuine needs.

Take the time to ask yourself relevant questions: Is this purchase essential? Can I find a more cost-effective alternative? Will it contribute positively to my financial objectives? By critically analyzing each expense, you can prioritize your savings and redirect the funds towards your goal of saving $2000.

The beauty of the 30-Day Rule lies in its ability to prevent regrettable spending and reinforce disciplined saving habits. This is because waiting for a month gives you a clearer perspective on the value and importance of your desired purchases.

Final thoughts

For some people, saving $2,000 in one month can be tough but it’ll generally get easier if you stick to the goal. If necessary, be stingy for the time being. And if you have to, explain your plans to people looking to borrow from you and why you currently don’t have the funds to spare.

Remember, every little step you take toward saving 2000 in 1 month adds up. Stay focused, stay motivated, and keep working toward your goal of saving $2,000 in one month.

Read also: every poor beginner’s guide: investing in stocks for the profit


  1. What is online bill pay and how does it work? CapitalOne
  2. Why do banks pay interest? CapitalOne
  3. How Does the Envelope Budgeting System Work? Investopedia
  4. How to house hack a duplex with no experience. FamilyInstructor
  5. “Energy vampires,” air leaks could be costing homeowners hundreds as energy costs spike. CBS News
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Written by
Jim Marous

Jim Marous is a Top 5 Retail Banking Influencer, Global Speaker, Podcast Host and Co-Publisher at The Financial Brand. I am a co-author here at Blueopes Finance, writing on a lot of topics regarding payments, banking software, cards, and investing.

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