'The Ramsey Show' co-host shares how to save $1,000 in 30 days – Fox Business
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Jade Warshaw explains how a “scorched earth” budget can help Americans build a $1,000 emergency fund in as little as 30 days.
Some Americans may think saving $1,000 in just a matter of months is out of reach, but personal finance expert Jade Warshaw says they may be making it harder than it needs to be.
The co-host of "The Ramsey Show" told FOX Business that many Americans can stash away $1,000 in as little as 30 days — but only if they're willing to make temporary sacrifices and take what she calls a "scorched earth" approach to their finances.
"It's more realistic than people think," Warshaw said.
"Most people are able to do it in 30 days," she added, referring to Ramsey Solutions' first "Baby Step," which calls for saving $1,000 before moving on to paying off debt, building a larger emergency fund and investing for retirement.
CHECKERS & RALLY’S CEO SAYS AMERICANS’ DEMAND FOR FAST-FOOD VALUE IS 'INTENSIFYING'
Jade Warshaw, co-host of “The Ramsey Show,” said that most Americans can save $1,000 faster than they think with a budget and temporary lifestyle changes. (FOX Business)
Just 47% of Americans say they have enough cash or accessible funds to cover a $1,000 emergency expense, according to a Bankrate survey.
The strategy starts with building a budget, according to Warshaw.
"If you don't have a budget, it's not going to work," she said.
From there, Warshaw then recommends attacking the problem from both sides by both spending less and bringing in more.
That could mean taking on overtime work, driving for a rideshare company, tutoring or selling unused belongings while simultaneously trimming recurring expenses like subscriptions, restaurant meals and transportation costs.
Warshaw said food is one of the easiest places for Americans to find quick savings.
Restaurant meals, takeout and delivery can quietly eat up hundreds of dollars a month. Bringing lunch from home, for example, can help cut the cost dramatically.
AMERICANS ARE LOOKING BEYOND THEIR LOCAL MARKETS FOR NEW HOMES — AND FLORIDA DOMINATES THE LIST: REPORT
Warshaw recommends attacking the problem from both sides by both spending less and bringing in more. (iStock)
"For the average person, they could spend anywhere between $12 to $15 going out for lunch, but making that same lunch at home, you could save half and only spend $5 or $6," Warshaw said.
With the holiday shopping season approaching, Warshaw said Americans don't necessarily have to cancel Christmas or abandon family traditions to hit a savings goal.
Instead, consumers should decide whether it's more realistic to temporarily cut spending or increase their income.
"If a family says, 'I'd like to save $1,000 in the month of December,' well, it's going to be tough because you've got Christmas going on," she said.
Rather than skipping holiday traditions, she suggested finding ways to earn extra cash through temporary side gigs rather than trying to eliminate every holiday expense.
WALMART MAKES CHANGES TO HOW MILLIONS OF CUSTOMERS CAN PAY AT CHECKOUT
Warshaw said restaurant meals, takeout and delivery can quietly eat up hundreds of dollars a month. (iStock)
Warshaw also noted that some Americans receive large tax refunds because too much money is withheld from their paychecks. Adjusting a W-4 could put more money in workers' pockets during the year rather than leaving them waiting for a refund.
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For Americans trying to get out of debt, Warshaw also said it may make sense to temporarily pause retirement contributions while building the initial $1,000 emergency fund and paying off high-interest consumer debt.
"The first thing that you want to do is get $1,000 saved," she said. "The next thing that you want to do is pay off your consumer debt."
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This material may not be published, broadcast, rewritten, or redistributed. ©2026 FOX News Network, LLC. All rights reserved. FAQ – New Privacy Policy
Jade Warshaw explains how a “scorched earth” budget can help Americans build a $1,000 emergency fund in as little as 30 days.
Some Americans may think saving $1,000 in just a matter of months is out of reach, but personal finance expert Jade Warshaw says they may be making it harder than it needs to be.
The co-host of "The Ramsey Show" told FOX Business that many Americans can stash away $1,000 in as little as 30 days — but only if they're willing to make temporary sacrifices and take what she calls a "scorched earth" approach to their finances.
"It's more realistic than people think," Warshaw said.
"Most people are able to do it in 30 days," she added, referring to Ramsey Solutions' first "Baby Step," which calls for saving $1,000 before moving on to paying off debt, building a larger emergency fund and investing for retirement.
CHECKERS & RALLY’S CEO SAYS AMERICANS’ DEMAND FOR FAST-FOOD VALUE IS 'INTENSIFYING'
Jade Warshaw, co-host of “The Ramsey Show,” said that most Americans can save $1,000 faster than they think with a budget and temporary lifestyle changes. (FOX Business)
Just 47% of Americans say they have enough cash or accessible funds to cover a $1,000 emergency expense, according to a Bankrate survey.
The strategy starts with building a budget, according to Warshaw.
"If you don't have a budget, it's not going to work," she said.
From there, Warshaw then recommends attacking the problem from both sides by both spending less and bringing in more.
That could mean taking on overtime work, driving for a rideshare company, tutoring or selling unused belongings while simultaneously trimming recurring expenses like subscriptions, restaurant meals and transportation costs.
Warshaw said food is one of the easiest places for Americans to find quick savings.
Restaurant meals, takeout and delivery can quietly eat up hundreds of dollars a month. Bringing lunch from home, for example, can help cut the cost dramatically.
AMERICANS ARE LOOKING BEYOND THEIR LOCAL MARKETS FOR NEW HOMES — AND FLORIDA DOMINATES THE LIST: REPORT
Warshaw recommends attacking the problem from both sides by both spending less and bringing in more. (iStock)
"For the average person, they could spend anywhere between $12 to $15 going out for lunch, but making that same lunch at home, you could save half and only spend $5 or $6," Warshaw said.
With the holiday shopping season approaching, Warshaw said Americans don't necessarily have to cancel Christmas or abandon family traditions to hit a savings goal.
Instead, consumers should decide whether it's more realistic to temporarily cut spending or increase their income.
"If a family says, 'I'd like to save $1,000 in the month of December,' well, it's going to be tough because you've got Christmas going on," she said.
Rather than skipping holiday traditions, she suggested finding ways to earn extra cash through temporary side gigs rather than trying to eliminate every holiday expense.
WALMART MAKES CHANGES TO HOW MILLIONS OF CUSTOMERS CAN PAY AT CHECKOUT
Warshaw said restaurant meals, takeout and delivery can quietly eat up hundreds of dollars a month. (iStock)
Warshaw also noted that some Americans receive large tax refunds because too much money is withheld from their paychecks. Adjusting a W-4 could put more money in workers' pockets during the year rather than leaving them waiting for a refund.
CLICK HERE TO GET FOX BUSINESS ON THE GO
For Americans trying to get out of debt, Warshaw also said it may make sense to temporarily pause retirement contributions while building the initial $1,000 emergency fund and paying off high-interest consumer debt.
"The first thing that you want to do is get $1,000 saved," she said. "The next thing that you want to do is pay off your consumer debt."
Get a brief on the top business stories of the week, plus CEO interviews, market updates, tech and money news that matters to you.
We’ve added you to our mailing list.
By clicking subscribe, you agree to the Fox News Privacy Policy and Terms of Use, and agree to receive content and promotional communications from Fox News. You understand that you can opt-out at any time.
Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement.
This material may not be published, broadcast, rewritten, or redistributed. ©2026 FOX News Network, LLC. All rights reserved. FAQ – New Privacy Policy
source
This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!
