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

Keeping tons of money in your checking account means you're missing out.
Last updated April 29, 2022 | By FinanceBuzz Editors
$1,000 in Checking Account

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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.

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 favorite stores like Amazon, Target, Home Depot, and Best Buy, 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!3

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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. On average, we find around $500 a year in savings for drivers. 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

Prepare for market volatility by diversifying in gold

Stock market volatility can be financially damaging, especially as you near retirement. You could move your investments into a savings account, but have you seen interest rates lately? Another option to consider — diversify with gold.

Gold values are inversely correlated with the stock market and the dollar. When one goes down, the other usually goes up. If you want to protect your retirement funds, having diversified investments may be able to help you weather market swings.

Gold Alliance is a reputable precious metals dealer that specializes in precious metals IRAs. They make it simple to transfer funds from your current retirement account (like a 401(k) or IRA) into a precious metal IRA — with no taxes or penalties.

Gold Alliance offers a free gold information kit to help you learn more about why gold and silver could be a smart choice for diversifying your portfolio, and how the process works. 

Get your free guide now

Invest in art that has outperformed the S&P by over 180%

History has shown art to be one of the top investments of all time. In fact, in the last two decades art has outperformed the S&P by over 180% between 2000-2018.

But while the ultra-wealthy rake in huge profits, everyday folks have been left out in the cold. Masterworks is an exclusive platform that lets investors of all types add art to their portfolios in just a few clicks.

They let you buy individual shares of famous works by artists like Warhol, Banksy, and Basquiat, similar to stock in a company. Get paid when the painting sells, or trade your shares to other members on their secondary market.

While Masterworks requires a $5,000 account minimum to get started, you can build a well-rounded portfolio of masterpieces with the help of their art experts.

Skip the waitlist: Use our link to get exclusive access to bypass the 25,000 person waitlist!

Click here to get started

Start improving your credit history with this new card

The Chime Credit Builder Visa® Credit Card lets you build credit with everyday purchases and on-time payments. And it works even if you don’t have any credit history or you have bad credit history. 

Just apply here after signing up for a Chime Spending Account and receiving a qualifying direct deposit of $200. Then, add money to your secured account and spend with it like normal.5

Scared about the idea of having credit? Most users see an average score increase of 30 points.1 The card has no interest, no annual fee, no credit check to apply, and no minimum security deposit.2

Get started

Pay no interest until October 2023

Imagine getting 18 billing cycles with 0% interest on a balance transfer or a big purchase.  You could dramatically change your financial picture with this industry-leading low-interest card - the BankAmericard®️ Credit Card credit card.

If you want to kick high-interest credit card debt to the curb, this is one of the best get-out-of-debt cards available. Transfer your high interest debt to this card with a 0% intro APR for 18 billing cycles for any balance transfers made in the first 60 days on balance transfers. 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!

It doesn't just stop with balance transfers though. Cardholders also get a generous intro APR of 0% for 18 billing cycles on purchases. After the intro period for purchases and balance transfers, the APR is 13.24% - 23.24% (variable).

The best part? There's no annual fee.

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Capital One Shopping Benefits

  • Capital One Shopping searches thousands of merchants to see if you're getting a great deal
  • Don't miss out on a better price
  • Search and apply coupon codes automatically
  • Custom price drop alerts for products you've viewed or purchased