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Can anyone recommend any really good home budgeting tools? I used to bank with CBA who offered some really good tools that integrated with my accounts but my new provider doesn't have anything like this.

5 years ago

Responses

Hello Micah,
a good budget tool can be found on the asic website or by searching for asic money smart budget planner or copying and pasting the below addres:
https://www.moneysmart.gov.au/tools-and-resources/calculators-and-apps/budget-planner

Hope this helps!
Kind regards,
Adrian.

Hi Micah

It is a shame your new provider doesn’t have the same tools that you were previously enjoying. It is one of the downfalls of changing lenders and bank accounts as each provider has different tools and resources and sometimes don’t live up to your expectations.

If the changes came about because you refinanced your home loan then I hope you have been able to obtain a much lower interest rate and in a better financial position.

There are quite a few options available to help you with the budgeting.

You could use a number of the online tools such as:

· Moneysmart Budget Planner developed by ASIC – https://www.moneysmart.gov.au/tools-and-resources/calculators-and-apps/budget-planner
· Budget Planner developed by Consumer Advocacy Group Choice - https://www.choice.com.au/money/financial-planning-and-investing/creating-a-budget/buying-guides/budgeting-software

With all the online tools available you could sit down with a financial planner or someone with bookkeeping skills to develop and tailor a budget to suit your individual needs.

I hope this helps, best wishes

Hi Micah,

We personally use Pocketsmith which is an online budgeting and personal finance service. The company is New Zealand based.

We particularly like the ability to import transaction records for all our bank accounts and then categorize each transaction (Groceries, Electricity, etc...).
Categories are all customizable and results can be exported to CSV or you can set budgets in the software itself.
Best part is that as we categorize transactions for new services the software learns what to do with the same transaction next time.

There are paid and free plans and the software has continued to develop since we discovered it 2.5 years ago.

Good luck with your search.

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