Why Saving $10K This Year Is Easier Than You Think
Saving $10K in a year might sound overwhelming, but with the right strategy, it's easier than you think! In this post, I share practical, accountant-approved tips to help you build your savings effortlessly. Learn the three key pillars of saving, how to cut unnecessary expenses, increase your income without overworking, and automate your savings for success. Plus, discover a step-by-step challenge to reach your goal faster. Start taking control of your finances today!
2/19/20253 min read


Does saving $10K in a year sound impossible? Most people assume they need a higher income or extreme budgeting to reach this goal, but the truth is that saving money is more about strategy than sacrifice. As an accountant, I’ve seen countless people struggle with their finances—not because they don’t earn enough, but because they lack a clear, structured approach to financial planning for beginners. I’ve also seen individuals transform their financial situations simply by applying small but consistent changes to their daily habits. With the right plan, mindset, and small daily actions, you can build your savings fast and reach financial freedom.
The Mindset Shift That Makes Saving Easier
Before diving into the “how,” let’s talk about the “why.” Many people struggle to save because they see it as deprivation rather than opportunity. Instead of thinking, “I can’t afford this,” shift your mindset to “How can I make this happen?”
I remember working with a client who was overwhelmed by the idea of saving a large amount. She was convinced that saving $10K in a year was out of reach. But once we broke it down—just $27.40 per day—she realized that small daily changes, like skipping a $5 coffee or preparing lunch at home, could make a massive impact. By the end of the year, she had surpassed her goal, simply by being intentional with her spending. When you see saving money as a way to create financial freedom, it becomes a rewarding process rather than a painful one.
The Three Key Pillars of Saving Money Fast
As an accountant, I always emphasize that saving isn’t just about restricting spending—it’s about managing your money smartly. There are three fundamental pillars to successful saving:
Spending Less on Non-Essentials
Identify expenses that don’t add value to your life. I always tell my clients to audit their expenses. Print out your bank statement from the last 3 months and highlight every unnecessary expense. You’d be surprised how much you spend on things you don’t even notice.
Use the 24-hour rule before making impulse purchases. If you see something you “must” buy, wait a day before purchasing. Most times, the urge to buy fades, and you’ll keep that money in your pocket.
Negotiate bills and subscriptions. One of my clients saved over $600 a year just by calling her internet provider and asking for a discount. Companies don’t want to lose customers, so many will lower your bill if you simply ask.
Earning More Without Overworking
Start small side hustles that fit into your schedule. Whether it’s freelancing, selling digital products, or tutoring, small income streams add up quickly. I’ve personally seen people make an extra $500–$1,000 per month by dedicating just a few extra hours a week to a side hustle idea.
Sell unused items or monetize a skill you already have. Look around your home—those designer clothes you never wear, the old tech gadgets collecting dust, or even furniture you don’t need could bring in hundreds of dollars.
Automating & Tracking Your Progress
Set up an automatic savings transfer. One of my best pieces of advice is to “pay yourself first.” Every payday, set up an automatic transfer to a separate savings account. If you don’t see it in your checking account, you won’t spend it impulsively.
Use a visual savings tracker to stay motivated. Whether it’s a spreadsheet, a printable budget planner, or a financial app, seeing your progress can keep you engaged and committed.
The Best Way to Reach Your $10K Goal Faster
If you want a structured plan that guides you step by step, The $10K Challenge is exactly what you need. It breaks down money-saving strategies into easy, actionable tasks so you can stay on track without feeling overwhelmed. I’ve seen firsthand how following a structured system can turn a financial goal from daunting to achievable. You don’t have to be an expert to start—just take the first step, and before you know it, you’ll be watching your savings grow effortlessly.
Start your journey to $10K savings today! Get The $10K Challenge here.