Make Money

11 Clever Moves When You Have $1,000 In The Bank

Last updated June 26, 2025 | By FinanceBuzz Editors

Boom! You've saved up $1,000. What a fantastic feeling. No more stressing over your account balance every day!

And thanks to your hard work, you're now on a solid path. But what comes next? What big goals are you eyeing? You could earn extra money playing games … rapidly start getting out of debt … fund a major purchase … and much, much more.

It's time to think about your next move. (It's why you're here, after all!) Below, you'll find truly actionable steps you can take to elevate your financial game. Let's take a look:

Ohio Driver? Cancel your car insurance

Driving without car insurance is illegal, but if you do this, you’re not actually breaking the law.

This tool can help you see if you’re overpaying for car insurance in just a few clicks. You’d be shocked by the difference. $159 per month is what they wanted to charge me. I thought that was the best price, don’t even look anywhere else. Right? Wrong.

I used this tool and now I’m able to pay just $47 a month for two cars.Too many insurance companies do this. They push up our rates and make us pay even more. But if you want to try this tool and compare and potentially score same-day savings, here’s what to do:

  1. Click the link below and enter your zip code, date of birth, and phone number.
  2. Answer a few questions about your car’s make and model to get matched with top offers.
  3. Choose the best quote for you and lock it in before rates go up.

Compare rates now and see if you could score same-day savings today!

I can hardly believe I waited so long to do this, but I’m glad I finally did. It only took me two minutes. Super fast. You have to trust me on this. Just try it out.

Pay no interest until 2026

Imagine getting an introductory 15 months with 0% intro APR on a big purchase or balance transfer (APR then 18.24% - 27.24% Variable). Sounds great — right? You could dramatically change your financial picture with one of the industry-leading low-interest cards — the Discover it® Cash Back(Rates and fees).

Cardholders get a generous intro APR of 0% for 15 months on purchases (APR then 18.24% - 27.24% Variable) — that means you can cover bills, large purchases, or whatever you need to charge and not pay interest until 2026! 

If you want to kick high-interest credit card debt to the curb, this is one of the leading get-out-of-debt cards available. Transfer your high interest debt to this card with a 0% intro APR for 15 months on balance transfers (APR then 18.24% - 27.24% Variable). Your payments can go directly to paying down your balance without incurring a pile of additional charges. That could save you hundreds of dollars in interest!

The best part? The Discover it® Cash Back card is accepted by 99% of merchants, boasts an exceptional cash back rewards rate, and there's no annual fee.

Click here to Apply Now

Get out of $20,000 or more in credit card debt

If you have a lot of debt, getting out of it can feel stressful (and nearly impossible). Here’s the problem: the longer you put off tackling it, the harder it gets to fix. If you don’t take control of it early on, it can add undue stress to your life for years. But what if there was a way to get out of debt once and for all?

TurboDebt1can help. If you have more than $20,000 in debt from credit cards, medical bills, collections, or personal loans, their representatives might be able to assist you in consolidating your debt into one low monthly payment.

Best of all? There are zero fees until your debt is resolved, and you could be debt-free in as little as 24-48 months. To get started, just answer a few simple questions. It only takes 30 seconds to see if you qualify!

Try TurboDebt

Turn your home’s value into extra cash

If you want to pay a large expense now, like a home improvement project or credit card debt, you may have considered using your home equity as leverage to borrow a large sum of money.

But with interest rates rising in recent years, a cash-out refinance or home equity loan may not make financial sense.

Here’s a potential solution: Get a home equity line of credit (HELOC) instead.

Using LendingTree’s simple HELOC matching tool2 (yes, the company from the commercials), you can compare rates and see what works for you.

How a home equity line of credit is different: Your line of credit acts similar to a credit card, where you can withdraw funds when you need them, and you’re only responsible for minimum monthly payments for what’s called the “draw period,” which is usually 10 years. After this borrowing period ends, you pay off the rest of your balance during an extended repayment period, which is usually 20 years.

Plus, as a revolving line of credit, rates are usually variable, so you won’t be locked into a fixed rate if they ever go lower.

To get started:

  1. Check out LendingTree’s HELOC matching tool.
  2. Answer a few questions.
  3. Be matched with personalized offers for you.

Visit LendingTree

Earn a $400 bonus with this checking account

We hate to tell you this, really. But if you aren’t banking with Truist Bank, you’re missing out on extra cash. Don’t worry though … it’s easy to fix.

New checking clients can earn a $400 bonus when you open a new Truist One Checking account online between May 1, 2025 and October 29, 2025 using promo code TRUIST25AFL400. Terms apply.3

To earn the $400 bonus, your account needs to receive at least 2 qualifying direct deposits totaling $1,000 or more within 120 days of account opening.

This is practically passive income and a great way to supercharge your earnings.

Plus, you can enjoy other benefits like no overdraft fee, a Balance Buffer,4 and automatic upgrades for access to growing perks.

Open your new Truist One Checking account here

Unlock up to $1,070 value over the next year with this incredible card

There's a credit card that's making waves with its amazing welcome bonus and benefits. The Discover it® Cash Back(Rates and fees) card has no annual fee, and Discover will match all the cash back you’ve earned at the end of your first year. This generous welcome offer and the top-notch cash back rewards provides an estimated $1,070 value in the first year!

The excellent $1,070 first-year value is estimated through the FinanceBuzz Credit Card Rewards Valuation Model based on spending, the welcome bonus, and the annual fee. The actual value will be determined by how much and in which categories you spend, but this card makes racking up valuable rewards easy! Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, you'll earn 1% cash back on all other purchases automatically. The welcome offer combined with the up to 5% cash back reward rate could be worth up to 10% cash back in the first year!

This card also offers an intro APR of 0% for 15 months on purchases and balance transfers, then APR 18.24% - 27.24% Variable. To top it all off, the Discover it® Cash Back is accepted by 99% of merchants, and there's no annual fee.

Click here to apply now for the Discover it® Cash Back.

This plan protects select Ohio homes from many expensive appliance and home repairs (see if you qualify)

Everyone gets home insurance, because it is required … this should be too!

This company could help you save $1,000s on home repairs before they even happen. It’s kind of shocking. Instead of paying a $1,500 bill to fix something like your AC, you just pay the monthly plan price and a $100 service fee for covered appliances and they come fix it.

As a writer for FinanceBuzz, I got a home warranty like this myself. It protected my washing machine after it broke down, which could have cost a ton. But mostly, it put my mind at ease. I got great protection, and I don’t really have to manage it.

Here’s what to do:

  1. Click the link below and enter your zip code to see if you qualify.
  2. Answer a few questions about your home.
  3. Choose the best plan for you and see how much you could save.

Complete the questionnaire to get a free quote

I can’t believe I waited so long to get a plan like this. Trust me, just check it out.

Get life insurance and protect your loved ones

Life insurance is not something many of us want to think about, but we all want to protect the ones we love.

Imagine if you were suddenly gone tomorrow: Would your family be able to afford your mortgage? Would your children be forced to quit pursuing a degree or your spouse forced to work longer before retirement?

You may sense it's time to shop for life insurance but haven't yet because it's an intimidating and painful process. Financebuzz has a quick and easy solution.

Just fill in a few details about yourself and Financebuzz instantly connects you with ways to get your quote — allowing you to find an affordable life insurance policy without the headache.

The good news? You can get a free quote online after you answer few simple questions.

If you're concerned about being unprotected going into a certain age, take a few minutes to see policy rates today.

Get a free quote instantly

Save potentially $1,000 or more on home insurance in Columbus

We have some unfortunate news: You might be throwing away $1,000s on expensive home insurance for no reason.

If you want better or more affordable home insurance, there is ONE thing you should never skip in the process of finding a policy: Getting multiple options from a variety of home insurance providers with our new home savings tool. 

Too many homeowners skip this step — not realizing that they could save potentially $1,000s over the lifetime of owning their house just by switching. And yes, you can switch your home insurance at any time starting today. 

The best part is it's free to check!  Just answer a few questions and enter your zip, email, and phone number to see if a lower rate is in your future. 

Enter your zip code to see if paying too much

O&O Auto Insurance
  • You could save up to $600 with some companies
  • Compare dozens of providers in under 5 minutes
  • Fast, free and easy way to shop for insurance
  • Quickly find the perfect rate for you