8 Clever Moves When You Have $1,000 In The Bank (2024)

MANAGE MONEY

Keeping tons of money in your checking account means you're missing out.

Last updated Feb. 20, 2024 | By FinanceBuzz Editors

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Saving up $1,000 in your checking account is a big milestone. But leaving the money in checking likely doesn't make much sense since most checking accounts pay minimal or no interest.

Once you've worked hard to amass $1,000, you want to put your money to work for you. Here are eight money moves you can make to get the most bang for your buck and get on the path towards a bright financial future.

Cancel your car insurance

We've got bad news. You could be wasting $500 every year on overpriced, second-rate car insurance. And you should probably cancel your existing insurance right now, because there's something much better.

This new tool from FinanceBuzz can tell you if you're overpaying for your car insurance in just a few clicks. We match drivers with companies that report saving drivers up to $500 or more per year when they save! Each driver’s savings will vary by driving history and how many discounts you’re eligible for. And once you try it out, you'll never have to look for affordable insurance again because we find you the lowest rates that other companies can't match.

Oh, and it's also free. And come on — you can't tell us you don't want to save up to $500. To find out if you're losing up to $500 or more a year, just enter your zip code here, answer a few questions and see if you're overpaying. It takes less than 2 minutes.

See if you're overpaying

Stop overpaying when you shop online

Shopping online has its perks. It's super convenient, but it can be time consuming to find the best deals. Instead of hunting for coupon codes (that don't always work!) and opening tons of browser tabs comparing prices, you can try Capital One Shopping.

Capital One Shopping makes saving money effortless. Just add the browser extension and when you check out, it'll scour the internet for coupon codes to help you save cash. And before you check out at 25+ major retailers, Capital One Shopping will notify you with a friendly pop-up if the item you're buying is available cheaper somewhere else.

Capital One Shopping is free to use and won't show you ads. Add it today and stop overpaying!1

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Pay off $10,000 or more of your debt

Credit card debt is suffocating. It constantly weighs on your mind and controls every choice you make. You can end up emotionally and even physically drained from it. And even though you make regular payments, it feels like you can never make any progress because of the interest.

National Debt Relief could help you resolve your credit card debt with an affordable plan that works for you. Just tell them your situation, then find out your debt relief options.

How to get National Debt Relief to help you resolve your debt: Sign up for a free debt assessment here. (Do not skip this step!) By signing up for a free assessment, National Debt Relief can assist you in settling your debt, but only if you take the first step.

Try it

Invest with the platform that’s returned $164 million+ in passive income

Passive income. Is it even realistic? Or is it just reserved for the 1% who can already afford the investments that make it possible? Here’s the truth. While it might *feel* elusive, building passive income is achievable. And diversifying your portfolio with alternative assets could help you get there.

These assets — think art or real estate — typically have low correlation with swings in the stock market. This makes them potentially attractive investments for diversification. Hedge funds and the ultra-wealthy know this and have dominated these assets for years. Until now.

Yieldstreet is a platform that gives you access to these alternative assets for as little as $2500. Their products span a range of investments with varying yields, durations, and minimums to help you diversify, and they even have a passive income simulator that shows you potential returns over time. To date, Yieldstreet investors have earned $164 million+ in interest.

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8 Clever Moves When You Have $1,000 In The Bank (2024)
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