Personal Budgeting

No matter what your financial goals are, being able to budget effectively is the key to achieving them. 

Some people want to pay down debt, others want to pay their bills on time, some people just want to manage their spending or start saving for the first time. 

If you’re keen to save money faster, learn helpful budgeting tips, or take control of your finances in preparation for a life change—perhaps retirement, a return to study or the arrival of a new child—you've come to the right place.

This information explains how budgeting can help you stay on top of your finances and help to achieve the goals that are important to you.

Are you frustrated by your inability to save?

Don’t know where all your money goes? Trying to pay down debts? Simply tired of living week-to-week?

It’s exciting to realise that through budgeting you can gain the insights you need to achieve your financial goals.


Have you tried budgeting before

and it didn’t work?

Don't worry, you're not alone.

We'll show you how to create a long-range personal budget that really works.


The cornerstone of money management is budgeting.

A good budget will provide detailed insights into your existing financial situation. It will show where your money is going, what your expenses and commitments are and positively track your progress towards your goals.

Why is a personal budget so beneficial?

  • Control your money and maximise your use of income
  • Keep track of your spending and help you live within your means
  • Allows you to plan for life changes and rainy days
  • You can learn how to avoid over reliance on credit
  • Setting and achieving your short and long-term goals becomes easier when you have the tools to motivate you and keep you on track

It’s often not until people see their spending habits captured in a budget that they realise just where their hard-earned dollars are being spent.

Any person or household that earns and spends money should have a budget. No matter what your income level—low, high or in between—budgeting is your key to managing your finances.

Interestingly, there’s a common misconception that high-income earners don’t need budgeting assistance. Not true! A high income is not an automatic guarantee of good financial management. In fact, high-income earners often have expensive lifestyles that demand even more budget control.

Income is only a small predictor of financial success. Having a proper plan in place to keep track of your finances is a much more reliable indicator.

Individuals and households that have a budget are far more likely to be financially fit. That’s because how much you spend is more important in money management than how much you earn.

Think about it this way… Would you invest in a business that didn’t have a budget? Without a budget in place, you would have no way of knowing if the company’s goals were realistic or achievable. You would have no way of tracking or projecting income and expenditure, or identifying opportunities for cost-cutting or savings. It would be like trying to build a house without a floorplan.

The same principle applies to your personal situation. Without a proper plan, your finances are left to chance. Only through budgeting can you develop a clear picture of your current situation and a projection of your future.

Wouldn’t it be great to see your finances mapped out in front of you?

Who needs budgeting assistance? Just about everyone. Australia’s personal debt levels are at a record high, and most households could benefit from budgeting help.

MyBudget assists thousands of people every year by designing personalised budgets that suit their particular needs. We are the largest personal budget assistance service in Australia.

Simply book a consultation over the phone with one of our friendly experts.

Have you previously tried budgeting and it didn’t work? If your answer is yes, you’re not alone! The majority of people who come to see us say they tried budgeting in the past and weren’t able to stick to it. The budget they designed for themselves looked great on paper, but was impossible to follow in real life.

When most people start making a budget for themselves, the time frame is weekly, monthly or pay-to-pay. This is a good start, but unfortunately short-term budgets are easily derailed by unexpected or overlooked expenses. Your expenses will constantly change, so for a budget to work it must be long-range, comprehensive and flexible.

This is just one area where MyBudget can help.

Our personal budgeting system allows us to fully-customise a long-range, detailed plan that carefully takes into consideration your financial situation, lifestyle and priorities. The result is a budget that works for you and your family.

Perhaps your first goal is to pay down your debt. By modelling different scenarios in your budget, we can explore all of your options and find the one that works best for you. We take a balanced approach, which means we assess many of your alternatives. If one of your objectives is to save money, your budget may highlight opportunities to maximise your income and save faster. Most importantly, our personalised plans are flexible. Our system is designed to anticipate life’s expenses while also accommodating the inevitable surprises that crop up from time to time.

With a MyBudget personal plan you will know exactly what is achievable and what steps need to be taken to get you on track.

By the end of your free consultation, your tailored budget will be a blueprint that describes your financial situation in detail and shows you how to achieve your goals. There is no obligation for you to become a MyBudget client. Your personal or household budget plan is yours to keep for free.

Designing a budget is the first step towards taking control of your finances. The next step is to put the plan into action and stay on track.

This can be challenging because few people have the time to manage their money properly. It’s easy to get distracted and become demotivated. This is why we offer to help manage your budget for you.

With MyBudget’s ongoing support, you will know that your bills are being paid, savings put aside, and that living expenses are accounted for.

We think of it as a partnership. As a result, our clients experience high levels of success when it comes to achieving their financial objectives.

As well as providing tailor-made budget planning for you, we can also:

  • Prioritise your debt and bill payments to enhance your use of income
  • Pay your bills and make loan payments on your behalf (including payments to family members and friends)
  • Help you to have enough funds for living expenses
  • Provide clear reports and future projections
  • Liaise with your creditors on your behalf, if required
  • Arrange payment terms with your creditors, if necessary
  • Put aside your savings for you
  • Provide handy hints and budgeting tips

Since 1999, we’ve managed the budgets of more than 65,000 people. Last year alone we handled more than $790 million in salaries and over 3.4 million payments on our clients' behalf.

Are you worried that your budget doesn’t quite add up? That’s okay. We specialise in helping to balance budgets that are in the red (a budget that has more money going out than coming in).

It’s common for people to make up the shortfall by using credit or borrowing money to make ends meet.

MyBudget can help you to reduce reliance on credit and break the debt cycle by planning for your commitments and setting money aside within your budget for unforseen expenses.

In fact, lots of people are surprised by how far their money can go when their finances are managed properly.

We’ll work with you to balance your budget effectively. We’ll take a look at your options and come up with a solution that suits you and your specific situation. For example, we may be able to negotiate repayment arrangements with your creditors, or arrange for payments to cease for a period of time while you get back on track.

In other cases, we can work with you on expense reduction and income improvement strategies. If you’re committed and willing to make the necessary changes, we can help balance even the most challenging budget. Basically, we have a “whatever it takes” perspective because helping you get on track is our number one concern.

If you’ve never budgeted before, the idea can be intimidating. Some people are afraid that budgeting will cramp their lifestyle. In fact, the opposite is true: having a personal budget is the surest way to stay on top of your finances and experience the freedom of financial certainty.

Budgeting is all about managing your finances so that you can focus your resources on the things that matter.

Our customers learn valuable money management skills and budgeting tips that become lifelong habits. Whatever your needs or objectives, remember there is budgeting help available. Talk to us about a budget solution for you and your family.

See how we have helped others...

You could be a MyBudget success story too!

Miranda & Lester, MyBudget clients

"Before we joined MyBudget, we were just living week-to-week. We had money to pay for stuff but then we’d forget about the big rego that was due. Now I know I can just flick the computer on; I can check the online system. I know how much surplus we’ve got, I know what bills have been paid."

Miranda & Lester, MyBudget clients

Tom, MyBudget client

"Before joining MyBudget I was doing well financially, but I knew I could do better. So I thought I’d get a professional opinion...Since joining MyBudget, they’ve given me a structure to work with which has allowed me to save a lot more money...Within six months I’ve been able to save $20,000.”

Tom, MyBudget client

Sam, MyBudget client

"I had a few personal loans, a credit card, and was paying rent - the usual expenses - but I was still living week to week...Since being with MyBudget for 12 months, my girlfriend and I are now at that point that we want to buy a house – we’ve saved a deposit – and we’ve actually just recently put an offer in on one."

Sam, MyBudget client

Find out more about MyBudget. Speak to us today. 

We can answer your questions and show you how easy it is to get started.

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