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For 25 years, MyBudget has helped 130,000+ Australians fast track their financial goals by reducing their debt and building savings.
For 25 years, MyBudget has helped 130,000+ Australians reduce debt and grow savings.
We won’t offer one solution to bust your debts. We’ll give you 4.
The way you spend money is based on your money ‘personality’. Everyone’s is different. So MyBudget has developed 4 individual strategies to get you out of debt. Find out which one fits you.
Establish your personality
We’ll dig deep to find out what Money personality you are. Then the fun begins.
Identify the best strategy
Are you a Big Hitter or more of a Snowball? Whatever your personality, we’ll match you to a strategy that works.
Bust debt forever
The tools you learn will stay with you for life. So, are you in?
The MyBudget difference
- Get a fully customised budget plan designed to help you live the life you want
- Sit back and relax while we do all the work that keeps your budget on track
- Saving money is easier with the support of money experts and an automated system
- Get ahead and stay ahead with access to free money management tools and resources.
Debt Solutions FAQs
What debt services and solutions does MyBudget offer?
For those needing help with debt relief, we can look to see if we can speak with your creditors, negotiate payments and develop a tailored debt strategy. This may include debt consolidation, mortgage refinancing, a Part IX Debt Agreement, bankruptcy or affordably paying your way out of debt.
Will debt collectors still call me and how do you help?
Generally, collection calls begin to stop as we contact your creditors to advise them that we are managing your financial obligations. However, If a creditor or debt collector does call or contact you, ask them for their best contact number and for your account number/reference, and tell them you’ll be calling us to organise for us to contact them – then call us – we’ll sort the rest.
What is debt consolidation?
Debt consolidation combines multiple existing debts into a single new loan. The aim is to reduce your repayments by paying out your existing debts and rolling their balances into a single, larger loan with an interest rate and repayment that is lower than the sum of the previous, separate loans.
Does MyBudget provide financial advice?
MyBudget is a budgeting, debt solutions, and money management service. We provide a range of structure and support services associated with managing your personal expenses. While we do hold an Australian Financial Services Licence (AFSL) and Australian Credit Licence (ACL), we are not financial advisors and offer general financial advice only. For personal financial advice or financial product recommendations, we recommend you seek the services of a licensed financial advisor.
What if my expenses are higher than my income?
This is a very common scenario. We may negotiate with your creditors to obtain the lowest monthly payment obligation that fits within your personal or household budget.
We also offer suggestions on how you can tailor your expenses to reflect your income.
What if I get an unexpected bill?
If an emergency or unexpected expense should arise, all you need to do is contact MyBudget. We’ll work with you to find a solution. Ideally, unexpected expenses can be covered with savings set up for this purpose, and we’ll assist you to develop that buffer. Alternatively, we can look to see if we can rework and adjust your budget to accommodate payment of the bill. We’re here to help.
What makes MyBudget different?
MyBudget is a powerful and worry-free way to manage your money. MyBudget’s budgeting and payment platform maps out the future of your money. Your budget stays on track because your bills, savings and financial goals are automated and managed within one powerful platform. You have all the benefits of visibility, structure, automation and control in the convenience of an app, plus the support of our money experts.
What can I expect at a FREE MyBudget appointment?
Your MyBudget journey begins with an initial conversation with one of our money experts. They will chat to you about your financial position and gain an understanding of the financial goals you want to achieve. Once we have this snapshot, we will connect you with your very own Personal Budgeting Specialist. We can arrange a time convenient to you (and your partner where relevant). At that session we create a complete picture of your 12-month budget plan that is yours to keep for FREE!
This budget plan provides you with a detailed understanding of how, together with the support of MyBudget, you can live a life free from money worries and achieve your financial goals.
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