• Financial hardship & your credit report: Legislative changes from 1 July 2022 to financial hardship arrangements that impact your credit report. Find out more.



We are here to help with budgeting advice. Talk to one of our consultants on 1300 654 822 about accounts and services we can provide to help you budget.

One of the most effective ways of getting your finances in order is to establish a budget. Not only will a budget help you track your spending habits and cover regular costs, it will let you identify ways to improve your finances.

Before you start planning a budget, it might help to ask yourself the following questions:

Where do I stand?
Before you can create a successful budget, you need to know where you stand. Use our Budget Planner Calculator to figure out your total income and then factor in unavoidable deductions such as rent, mortgage or bills. Then you can begin to track where the rest of your money goes. An easy tactic is to start a transaction diary, recording your purchases on a day-to-day basis. This alone might help you identify unnecessary purchases.

What am I working towards?
There are countless reasons for establishing a budget. You might want to pay off your debts, save for something special or just get your finances in better shape. Set yourself a goal – it could be setting aside a certain amount per month for bills or only spending up to a self-determined limit. Knowing clearly why you are budgeting will help you stick to it.

How do I go about it?
To keep a budget you need to establish consistent habits. Proactively manage your funds and spending. Set up a secondary account such as our Budget Account and credit part of your salary into it to create a pool of money. You can then use this money to cover regular expenses like loan repayments and bills. Only keep a certain amount in your everyday account and commit the rest to a high-interest savings account such as our simple Online Saver Account. Once you remove that money from your everyday funds, you will find it easier to save.