Budgeting.

Learn how to create a budget with ME.{sub-heading}

Baked beans can beside a ME Bank logo
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Establishing your goals.

If you haven’t set a budgeting goal before, we’ve got the tips and tricks to set goals that work around you.

Continue reading on setting goals for your budget:

Set budget goals (and stick to them).

Take back control of your spending by setting budget goals.

Plan your budget.

Living within your budget.

Follow these five simple strategies to help you avoid budget burnout.

Nail your budget strategy.

Start bucket budgeting.

Use this budget strategy to stay on track with your expenses and saving goals.

Learn to bucket budget.

Making a budget that works.

Struggling to stick to your budget? Learn about how you can create a budget that works for you.

Some tools to get your budgeting started.

Let ME help you budget – take a look at some resources to help you stick to your budget.

ME Go App.

The budget tracker app packed with features to make budgeting easy.

Learn about Me Go

Savings Calculator.

Find out how much you need to save to get you to your goal.

Start saving now

Repayments Calculator.

Get a view on how much your home loan repayments could be.

Calculate my loan repayments.

Keep learning on how to create a budget that sticks.

Why you need to start ‘bucket budgeting’

Use this budget strategy to stay on track with your expenses and savings goals.

Start bucket budgeting

Budgeting tips to keep your cash in check.

A handy guide that will help keep your budget in place.

Start budgeting

5 money-saving tips for traveling on a budget.

Here’s 5 ways you can keep your budget in shape while satisfying your wanderlust.

Budget travel tips

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FAQs

What is budgeting?

A budget is an overview of the who, what, where and why of your personal finances. Good budgeting can positively impact your financial wellbeing and help you stay in control of your spending.

To learn how to make a budget of your own, watch our video 'Making a budget that works'.

What is zero based budgeting?

Zero-based budgeting is where you allocate a purpose to every dollar of your regular income. If we were in math's class, the equation would be: your income minus your expenses equals zero.

So, whether you are giving, saving or spending your money, the amount should add up to your monthly pay. This is just one example of how to create a budget.

To explore others, check out our tips on how to make a budget you can stick to.

What is the best way to create a budget?

Much like Goldlilocks and her porridge, you may have to try a few different budgeting methods until you find the one that's just right for you.

There's the bucketing method, the zero-based budgeting method, a yearly budget or a weekly budget. The secret sauce? Use the budgeting method that you can comfortably stick to for the foreseeable future.

For advice on how to write a budget that works for your personal situation, have a gander at the 'Making a budget that works' video.

What are the types of budgets?

One of the most common methods of budgeting is bucketing method. This is where you stash your cash in different buckets for different categories including savings and an emergency fund.

If you like numbers, you may find the zero-based budgeting method works for you. Or, you could smell like teen spirit and give yourself a weekly allowance.

Whichever method you choose, our video series can give you tips and tricks for smashing your budgeting goals.

What should I include in a budget?

A budget is made up of a few components. The breakdown of your budget might look like:

  • Bills
  • Everyday expenses
  • Spending (from emergencies to date night)
  • Savings

You can learn more about how to budget and smash your money saving goals in our budgeting video series.

What is the 50 30 20 rule for budgeting?

In the 50-30-20 budgeting method, your income is split into three chunks. 50% goes into your expenses that are unavoidable 'needs'. Then, 20% is squirreled away into your savings and the rest (20%) is yours to spend on your 'wants' which are...whatever you want!

You can read more about this method, and other budgeting tips, in our bucket budgeting article.