Credit Smart Solutions

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 mat...

Jess & Tom’s Saving Challenge: $20K in 12 Months for a Wedding Meet Jess and Tom — both 29, living together in Hobart. With rising costs and a modest combined income of $110K, they were determined to save $20,000 for their dream wedding without taking on debt. The result? They hit their goal in just 12 months, and even had a honeymoon fund leftover. 📆 Setting a Deadline and a Goal They circled a date — 12 months from now — and reverse engineered their savings. That meant: $1,667/month combined $834/person/month About $28/day each 💳 Step 1: Audit, Cut, Automate Used Frollo to audit all spending Eliminated Uber Eats, alcohol, and new clothing Set up direct deposit to a “Wedding Fund” account with Up Bank 🍳 Step 2: The ‘No-Spend Weekend’ Rule Two weekends per month, they did no paid outings . Instead: Cooked together with friends Visited free events and beaches Used public library date nights (true story!) They saved $250–$300/month ...