Hello!

28 Comments

Just wondering if anyone has used any budget company to help them save.

We arent exactly struggling with money, we dont have any credit cards or much debt but we just cannot seem to save and now the federal budget is coming in we are worried that is going to become alot harder!
We are renting and our dream like most others, is to own our own home and be secure and stable for the kids.
fingers are always crossed for lotto but so far no luck haha
Have you tried a budget company or something to help you?


Posted anonymously, 19th May 2014


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  • I have never tried a budget company, l just budget myself and the key is not to over-spend and try and save from the wage each week to build up a savings account!

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  • I think what you are looking for are called Financial Counsellors. I know Salvation Army has a particular area ( look at their website ) and Lifeline should even have resources. They are all free. Good luck and happy budgeting as it is good to start earlier than later .

    Reply

  • No I haven’t. Using one would cost money would it? If so, you’ld be better off organising your own savings, therefore saving what you would pay the budget company to budget fir you. It’s terrible hard to save. You need commitment and perserverence

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  • Also; make sure you fill it in and track your spending every day; it really does help.

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  • No; I do my own. Maybe google budget planners; easy to fill in and follow and free too.

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  • No. never used them, if you do a google search there is plenty of information on how to set a good budget up for yourself.

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  • No never and I have no debt either just always watching what I spend.

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  • I’ve never used a budget company, but I worked our our budget by listing all our regular outgoing expenses. I put them under Yearly (like Car registration, driver’s licence, etc), 3 monthly (Electricity/Gas, etc), Monthly (Health insurance, house insurance, credit card payments, foxtel, etc), Fortnightly (rent, etc) & Weekly (food, petrol, etc). I also estimated what we’d spend in a year on haircuts, dog vaccinations, and all sorts of things that you might forget unless you really thought about it. I worked out an annual total for each expense (e.g. 4 electricity bills a year at roughly $600 each = $2,400/year, which equals $46/week) and did this for every expense, so we ended up knowing roughly how much money we would need each week to cover all expenses. Weekly & fortnightly expenses get paid from our regular bank account, and monthly/3 monthly & yearly bills get paid from a debit card account that we put money into each pay to cover all bills. It’s worked for us, and we know that, apart from unexpected expenses, we will always have money to cover regular bills.

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  • Until I met my current partner I didn’t budget. But now we have a weekly plan where we have a list of our payments. Eg rent, food, bills, pets, …. So some things are worked out annually so for example we put $60 a week a way to cover phone gas and electric and water. So you need to work out what you need to put away on a weekly basis by calculating each thing

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  • I’ve heard great things about My Budget. A friend’s daughter is currently using them to get themselves out of debt and save a house deposit.

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  • Haven’t used a company. Just budget on my own.

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  • it took me a couple tries but now i do my own

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  • no ive never used one i just sat down took 5 mins and had a good hard look at where my money was going and found things we didnt need and could stop getting to save some money

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  • We never used budget company for save money.

    Reply

  • Sounds like a good idea. They may be able to provide you with some useful hints for saving a bit more.

    Reply

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