I can breathe now – Gavin from Adelaide helped me so much! I was ready to go into a "debt agreement" Part 9 solvency. In other words bankrupt. Now I have chosen MyBudget, it is not needed! Thank you MB!!!
Travie | MyBudget client
“MyBudget makes me feel calm, less stressed, and hopeful for the future”
MyBudget client from Melbourne
Kim & Bob | MyBudget clients since 2010
What is Financial Wellbeing?
Financial wellbeing isn’t just a number in your bank account, it’s the peace of mind that comes with knowing your bills are covered, unexpected costs won’t set you back, and your future is on track. Why is financial wellbeing important? Because a clear plan will give you confidence and peace of mind, regardless of your income.
Cost of Living Pressures
Rising cost of living pressure has left many Australian households feeling stretched, forcing tough cuts on everyday essentials. But our report shows a proactive way through the cost of living crisis in Australia. With a structured budget plan, MyBudget clients intentionally cut non-essentials – like dining out (66.4%) and entertainment (59.8%) – to protect what matters most without sacrificing their quality of life. See the report findings on debt, budgeting, savings, and money stress.
“We feel proud that we took the steps to get out of debt with the help of MyBudget”
MyBudget client from Brisbane
Debt Relief: Creating a Way Forward
When multiple repayments pile up, knowing how to get out of debt can feel impossible. Sustainable debt relief requires a realistic plan, not short-term fixes. The report highlights the power of structured repayments: MyBudget clients achieved a 95% drop in missed repayments, 97% of bills paid on time, and a 305% increase in paying above the minimum – with over half no longer needing credit cards at all. If repayments are becoming hard to manage, explore MyBudget’s debt help to see what support is available. Related: Debt Management Strategies |Debt consolidation | Credit card debt Australia
Erin & Adam | MyBudget clients
Financial Stress and Mental Health
Financial stress and mental health are deeply connected. Persistent money stress disrupts sleep, strains relationships, and steals everyday joy. The report proves how quickly structure relieves financial stress in Australia: 93% of clients feel significantly less stressed 3 extra nights of sleep gained per week 5 days of time back each year saved on life admin 72.9% of couples argue less or stop arguing about money entirely. Related: Support for money stress
MyBudget Financial Wellbeing Report FAQs
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The report shares findings from a 2026 survey of 741 MyBudget clients navigating modern economic pressures. It looks at the changes clients reported in money stress, debt repayments, savings and sleep, and demonstrates how improving financial wellbeing with a structured budget plan can help Australians regain control and get their finances back on track.
Many clients reported cutting back on non-essential spending while managing higher living costs. In the survey, 66.4% said they had reduced dining out and 59.8% had reduced entertainment spending. The report explores how clients made room in their budgets for essential expenses and financial goals during a period of cost-of-living pressure.
In the survey, 93% of our clients said they felt significantly less stressed about money since joining the MyBudget service. Financial stress and mental health can be closely linked. The report shows that, with a clear plan for bills, repayments and everyday expenses, clients reported feeling less stressed and more in control of their money.
Missed repayments fell sharply by 95%, with 97% of bills paid on time. For anyone exploring how to get out of debt, the data shows that a realistic repayment structure helps people break the cycle of minimum payments – leading to a 305% increase in paying off debt faster.
Before joining MyBudget, more than 80% of clients had less than $500 saved. At the time of the survey, 63.2% had more than $500, and 53.3% had a savings buffer of at least $1,000. For anyone wondering how to save money in Australia while keeping up with everyday costs, the findings show the value of making savings part of a structured budget.
The report shows how money stress can affect sleep and the time spent managing finances. Clients reported three fewer nights of stress-disrupted sleep each week and saved the equivalent of five days a year on financial admin. These findings show that financial wellbeing is about more than paying bills or building savings, itgives you back hours for your family, hobbies, and peace of mind.
In the Media
MyBudget has been featured in leading Australian media and trusted publications.
