$1,000 Savings Challenge

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The $1,000 Savings Challenge


Do you have $1,000 in savings?

I really want the answer to be a resounding YES! But I have a feeling that for many of you the answer is a resounding NO!

Are you struggling to get ahead? Do you feel like you work hard but never seem to make a difference in your finances? It seems like every day is a juggling act and no matter how hard you work or how many pennies you pinch or how many dimes you stretch you never seem to gain any traction.

The only way to step out of this cycle and actually get ahead is to have savings. Real savings. Having money set aside- first for emergencies, then for life, then for investing- is the way to get out of the rut of paycheck to paycheck living.


How do you start changing your financial life?

With $1,000.

Introducing the $1,000 Savings Challenge.

I am challenging all of you to save $1,000 in a separate account for emergencies.

You may be laughing at my challenge for one of two reasons: you think this is ridiculously easy or you think this is ridiculously hard.

If you think this is ridiculously easy, answer this: Do you have $1,000 saved?

  1. Move along. This post is not for you
  2. Then take the challenge and show us how easy it is. Do it. You have no excuse.

If you think this is ridiculously hard: Trust me. I get it.

I will be really transparent with you. It took my husband and I FIVE YEARS to save up $1,000 in a dedicated emergency fund. No, I am not joking. It was literally a one step forward, two steps back situation. We had to use whatever money we saved for unexpected dental bills, a move, and an unemployment stretch. Each time we put aside some money, life hit and we had to use it. It was still worth it.

Every time we had to take money out of our not-completed emergency fund was a time when we didn’t have to go into debt or put money on the credit card. Even though we had to take two steps back- we did get to take one step forward. Finally, after 5 years we did it! We had $1,000 in our account and we were able to move to the next step of our savings ladder. We did it!

I am not telling you that this will be easy or short. What I am telling you is that this will change your finances and your life. This is not a place where I will make fun of you for being poor or insinuate that you could have made better choices or saved more money.

I understand the struggle to get ahead. The struggle to make choices that balance our different needs and also the need to make a living. I get that sometimes money is not the priority. That being said… you need to do everything you can to have $1,000 saved. That is why I am starting the $1,000 Savings Challenge.

Sign up today!

The $1,000 Savings Challenge:

I want you to join in the challenge and do the following:

Sign up here for the challenge and get the $1,000 Savings Challenge Printable!

  1. Open or dedicate an account to this challenge
  2. Save whatever you can. Cut whatever you can. Sell whatever you can and FILL UP THE ACCOUNT.
  3. Keep track of how much you have saved. I created this printable with $5 squares that you can color or mark to keep track of your amazing progress. You will notice that the squares are in $5 increments, not larger. We are going to celebrate the small wins.
  4. Celebrate and Get support! Email me your success at adimesaved@gmail.com, tweet using the hashtag #1000SavingsChallenge, Join the $1000 Savings Challenge Facebook Group to share your success, tips, hacks and questions.

Are you in? Tweet to let me know!

I joined the $1000 Savings Challenge! What about you? #1000SavingsChallengeClick to Tweet

Let’s do this together!


Getting Started:

The biggest push for me to start my own $1,000 account was a bonus I got from CapitalOne360 for opening an account. Here are a list of banks offering bonus for various accounts. Getting a bonus is a great way to get the first amount into your account. If you don’t qualify for any of the bonuses. Feel free to use my affiliate link to open a CapitalOne360 account. I personally use them and have been very happy with their account (No Fees!).

There are many printables that you can use to keep track. You don’t have to use mine.

$1,000 Savings Challenge

So what do you think?

Are you taking the $1,000 Savings Challenge?

Sign up today!

Join our AWESOME Facebook group!

A Dime Saved

Hi! I am a millennial mom with a passion for personal finance. I have always been “into” personal finance but got inspired to start my blog after a period of extended unemployment. That experience really changed the way I viewed my relationship with money and the importance of accessible personal finance education.

5 thoughts on “$1,000 Savings Challenge”

  1. I’ve got $1000 in savings, but I’m always looking for creative ways to boost retirement savings. We didn’t get serious about saving for retirement until we were in our 50s, so we had a lot of catching-up to do! This challenge will be a fun way to make some more progress toward our saving goals.

  2. I loved reading about this challenge! I am actually a huge money savor so I do tend to be on top of it; however, this is GREAT for someone who needs to understand the value in it. Even having simple goals to get there tends to help a ton 🙂.

  3. Sounds to me like for 5 years you’re emergency fund was doing exactly what it’s supposed to! Keeping money earmarked for all those emergencies that popped up. Great post, and even better challenge!

  4. Great post – having that $1000 cushion is SO essential. It will immediately reduce your stress when it comes to money. Love the way you recommend reaching this goal. Creative! Keep it up!

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