How to Save $10,000 in a Year (Australia 2025 Edition)

How to Save $10,000 in a Year (Australia 2025 Edition)

Saving $10,000 in a year may sound like a huge goal — but with a structured plan and consistency, it's absolutely doable in 2025.

1. Break It Down

$10,000 a year = $833 per month or $192 per week. Start with that number in mind.

2. Follow a 12-Month Challenge

  • January – Cut non-essential subscriptions
  • February – No eating out month
  • March – Sell 3 unused items
  • ...and so on

Create a fun challenge list to stay motivated!

3. Use Separate Savings Accounts

Open a high-interest online savings account and nickname it “$10K Goal”. Keep it out of sight and out of mind.

4. Automate Weekly Transfers

Set up an automatic transfer every payday. You won’t forget or “accidentally spend it”.

5. Track Your Progress Monthly

Use a printable savings tracker or a spreadsheet. Seeing progress boosts momentum.

6. Don’t Be Afraid to Adjust

If you miss a week, don’t quit. Adjust and keep going. Life happens — progress matters more than perfection.

Final Thought: Whether it takes 12 or 15 months, reaching your savings goal is a powerful win.

Disclaimer: This article is general advice only. Please consider your circumstances or speak with a financial planner.

Woman saving $10,000 in a year in Australia

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