Keen to Save Big? Here’s a Free Savings Planner to Get Your Money Up

A challenge you can bank on.

Saving money as a student can be hard, but doing a savings challenge can make it both manageable and fun. Lucky for you, we’ve created a few plans you can print out and use.

We’ve put together a $3000, a $5000 and a $10,000 savings goal so no matter what you’re saving towards, you’ll have plenty in the bank to splurge.

Plus, this is a super handy way of setting up an emergency fund if you’re just starting to work. Whether you’re working a casual role or you’ve got a full or part-time gig, this method is super easy to follow.

 

Some tips before you get started.

• Set clear goals: Define what you want to achieve with your savings challenge, whether it’s building an emergency fund or saving for a big purchase.
• Stay accountable: Share your goals with friends or family (plus you’ll have bragging rights when you hit your goal)
• Track progress: Be sure to cross off the amounts on the chart so you have a visual reminder of your hard work.
• Be flexible: Adjust the challenge as needed based on your financial situation and remember that it’s important to keep the challenge manageable.

How does it work?

By transferring a different amount each week or fortnight, it means that you’re not thinking about how much you’re putting in your savings account and it can rack up super quickly.

Simply choose the amount that best suits your goal (it’s a good idea to keep something in mind to work towards big like a holiday, new car, or leavers/schoolies).

Then, choose an amount at some point during the week to transfer into your savings – a good time to do it is at the start of the week and as soon as you get paid so you can work around this transaction.

Check out all the money saving challenges available below. Good luck with your saving!

This article does not constitute personal financial advice. Before acting on any information in this article, you should consider your money goals and financial situation to ensure it’s appropriate to you.