A Better Way to Work With Your Money

Money comes in, money goes out. But have you ever wondered if you’re making the most of your money?

Many people who think they’re good with their money discover that they’re actually wasting thousands of dollars and delaying their financial goals by years, sometimes decades.

Nearly all Aussies are feeling the pinch

The average full-time wage in Australia is around $1630 a week. This makes the average full-time income around $84,000 a year — not bad until you take into account that Australians also have some of the highest household debt in the world. When average household debt is expressed as a percentage of average disposable income, it works out to a whopping 199.7 per cent (June 2017). Compare this with 1974 when average household debt represented just 30 percent of disposable income. Since the mid-1990s, household debt has exploded, eating up a bigger and bigger share of the income pie. By 2002, average household debt exceeded annual disposable income, which meant that one pie was no longer enough.

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So, it’s not surprising that even people who are careful with their money feel like they’re living on a razor’s edge. Cost of living pressures test the money management skills of nearly all Australians and makes being financially equipped more important than ever. Tom is a good example. He was earning good money, but sensed that he could do better. “I wasn’t in debt, I was doing quite well,” says Tom. “But I wanted a personal trainer to help me budget so that I could achieve my financial goals a lot quicker.”

A customised plan for your money and your life

Perhaps budgeting is a dull topic for dinner conversation but, as Tom points out, achieving your life goals is not. There’s nothing boring about budgeting to save for an investment portfolio or starting a family or buying a home, having the money to launch your own business or being able to afford an overseas holiday every year.

What makes budgeting a better way to work with your money is that it lays out a customised plan for your money and your life. Budgeting isn’t just something you do, it’s a philosophy you live. It’s about structuring your financial priorities and what you want to achieve with your money this week, this month, this year, this decade, this lifetime. Because when you manage your finances well, it goes a long way towards your life working out exactly the way you want it to.

The future of money management right now

Imagine a world where, in your pocket, you had instant access to your exact financial position and future outlook, with all your bills and expenses and savings and goals mapped out before you. Make a change to your budget and see your short and long-term projections change before your eyes. Don’t worry about setting aside savings or paying bills manually — it gets done directly from your budget. Got a question? Call or message your support team for advice.

This isn’t the future, it’s MyBudget right now. We’re committed to making money management easy, engaging and interactive — an immersive experience where we serve up healthy money management options and help you achieve lifelong financial fitness, day-by-day.

Because that’s how you get financially fit. It’s not achieved by looking at your bank statement once a month. Your financial fitness level is the sum of your daily money habits. And that’s where the MyBudget team does its best work on your behalf, getting you financially fitter, freeing you from your money worries and helping you live the life you want.

What does your financial future look like?

In six months, Tom was able to save an extra $20,000 and open an investment portfolio. Tom explains how he achieved this: “Since joining MyBudget, they’ve given me a structure to work with which has allowed me to save a lot more money. I see MyBudget has a personal trainer for my finances. They’re there to keep you on track and help you achieve your financial goals… Financially, this has set me up for the rest of my life.” Watch Tom to hear more about his experience.

To find out more about how MyBudget can help you achieve your financial goals faster, book your free, no obligation personal budgeting consultation today.

We analyse your situation and design a plan that achieves your goals.

Until you’ve examined your finances in detail, it’s difficult to determine your exact financial position. At MyBudget, the budget plans we prepare are true long-range money management plans. The plan projects your finances over a 12-month period. So you have a clearer picture of what your future looks like, not just how your budget is week-to-week.

What will you do with your savings? Reduce your mortgage? Invest in shares? Take a holiday? Or simply enjoy the feeling of satisfaction that comes with having savings to fall back on.

Personal budgeting is the only way to truly gain control of your money and your financial future.

The benefits of personal budgeting:

  • Personal budgeting is the only way to gain a thorough understanding of your financial situation.
  • Personal budgeting ensures that you always live within your means, and provides a safety net for inevitable changes in life or when things go wrong.
  • Personal budgeting is the key to accumulating savings and achieving your financial goals.
  • Personal budgeting is one of the most effective methods for paying down debts and avoiding ongoing debt in the future.

Thousands of people come to MyBudget every year seeking our support and advice about managing their money. We can provide structure, support and guidance to help you get on track.

Get expert help from people who care.

MyBudget’s strives to find a solution for every individual. Unlike an App or spreadsheet program, our experts create a plan that’s specially designed to address your needs and priorities.

We also understand that the hardest part about budgeting is sticking to it. That’s why we do the legwork for you. We can manage your budget, pay your bills, save for you, and communicate with your creditors, if necessary.

Succeeding is easier when you have a team of experts supporting you along the way!