Let’s face it. Everybody needs help when it comes to managing their money.
You know it. I know it.
It’s always hard to stick to a budget when there are extra expenses added on to your regular bills. You try to budget your expenses but without an effective money management plan, you won’t be able to keep track of how much you’re spending, how much you need to save and where some of your money is actually going.
There are a few personal money management tools available online that are actually helping Aussies take control of their finances. For example, Monetise and You Need a Budget are one of the personal money management tools that can be used to keep track of your spending habits and monitor them so you can adjust and improve your money management. However, tools like these are either not free or risky for your financial security, as in having to fill out your banking details with the risk of being hacked into.
In my opinion, the best money management tool can be your notepad or your calculator. You don’t have to sign up to anything. You don’t have to pay for anything. You won’t be bombarded with annoying subscription emails or marketing emails. If you’re not sure about how to calculate your budget, there are free budget calculators online that can help you do just that.
My Budgets has a Budget Planner that has different types of budget calculators that you can use. All you need to fill in are the frequency and the amount of your regular incomes and payments, and it automatically calculates everything for you. If you want effective money management in regards to all your earnings and expenses such as transport expenses, living expenses, insurance and superannuation, existing loans, taxes, and other miscellaneous expenses, the Budget Planner on My Budgets can calculate all of this and give you a summary of how much you will have left after all your expenses have been deducted. It’s actually very simple and easy to use.
With a proper money management tool, you can be sure to take control of your finances. And since the Budget Planner on My Budgets is a no-obligation and a free online tool, it’ll help you stress less about managing your money.