Saving 1000 a month is not bad, but it's not great either. For example, if you save $100 a month, that's $1,000 over the course of a year. However, if you spend $100 a month, you'll only have $960 saved at the end of the year. In other words, saving 1000 a month is good for your overall financial situation, but it won't make you rich overnight.