+ Reply to Thread
Results 1 to 10 of 10
  1. #1
    Join Date
    Feb 2012
    Posts
    1,125
    Thanks
    298
    Thanked
    368
    Reviews
    0
    Achievements:Topaz Star - 500 posts

    Default Has anybody used MyBudget/online finance advisor?

    Just wondering if it's worth the money to have a professional look at our finances to see if that helps, as we are obviously doing something wrong!

    Thanks

  2. #2
    Join Date
    Feb 2012
    Posts
    1,125
    Thanks
    298
    Thanked
    368
    Reviews
    0
    Achievements:Topaz Star - 500 posts
    Or can anybody suggest any other options to help us stop living week to week?

  3. #3
    AdornedWithCats's Avatar
    AdornedWithCats is offline Winner 2013 - Spirit of BubHub Award
    Winner 2014 - Best Username

    Join Date
    May 2012
    Location
    Melbourne
    Posts
    7,950
    Thanks
    6,960
    Thanked
    3,501
    Reviews
    17
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 posts
    Awards:
    Busiest Member of the WeekBusiest Member of the Week - week ended 12/6/15Funniest Caption400 Posts in a week300 posts in a week
    I have an excel spread sheet of our income and all our expected expenses then. Any remaining goes either to savings or as "back up" for unexpected expenses. If you have trouble not spending whatever money you have available, each pay try transferring a certain amount to an account you can't readily access (ie. No atm card). Treat savings like its a bill you have to pay or set up for it to be transferred automatically.

    I've heard some people have found very useful recording everything they spend. I have done this before but now we're on top of it I don't record it (but I do keep a mental tallie of grocery and eating out expenditure for the week as if we are going to over spend it will usually be in these areas).

  4. The Following User Says Thank You to AdornedWithCats For This Useful Post:

    SpicyTurtle  (02-07-2015)

  5. #4
    Join Date
    Aug 2010
    Posts
    2,654
    Thanks
    736
    Thanked
    423
    Reviews
    1
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    If you have any form of self control, dont waste your money.

    Write down all your expenses and work out how much that is each pay cycle. Set up BPay payments for this amount on your pay day.

    Then set up a savings account, maybe 2. 1 for things like gifts, car maintenance etc. And one for long term goals.

    Look at which liability has the highest interest rate and pay as much extra as you can off it. Cancel any credit cards.

    Pm me if you want more info, I would be happy to discuss privately.

  6. The Following 2 Users Say Thank You to blissfulfairy For This Useful Post:

    BH-KatiesMum  (02-07-2015),SpicyTurtle  (02-07-2015)

  7. #5
    Join Date
    Sep 2014
    Posts
    1,786
    Thanks
    948
    Thanked
    544
    Reviews
    0
    Achievements:Topaz Star - 500 posts
    Awards:
    100 Posts in a week
    I've used my budget, feel free to pm

  8. The Following User Says Thank You to DizzyDaisy For This Useful Post:

    SpicyTurtle  (02-07-2015)

  9. #6
    Join Date
    Feb 2012
    Posts
    1,125
    Thanks
    298
    Thanked
    368
    Reviews
    0
    Achievements:Topaz Star - 500 posts
    Thanks everyone, I have decided against my budget after finding out their fees 😱

    Until now I've just been paying bills as they come in, and setting no limit to outgoings (although I obviously try and be careful to not spend too much)
    I have taken your advice and set up a spreadsheet with all my bills paid fortnightly, then transfer to a seperate account spending money for DH and I, and grocery/petrol money. Anything leftover in the original account is used for bills or (if it gains enough money) gifts and savings.

    Hopefully that works! See how I go, thank you both for your advise

  10. The Following 3 Users Say Thank You to SpicyTurtle For This Useful Post:

    blissfulfairy  (03-07-2015),DizzyDaisy  (02-07-2015),Msbowie  (02-07-2015)

  11. #7
    SpecialPatrolGroup's Avatar
    SpecialPatrolGroup is offline T-rex is cranky until she gets her coffee.
    Join Date
    Aug 2008
    Location
    In the messy house, Brisbane
    Posts
    9,481
    Thanks
    2,180
    Thanked
    5,405
    Reviews
    1
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 posts
    You could go to a financial counsellor. They are free and can help you to set a realistic budget. The Financial counselling assn will have links to a financial counsellor near you.

    Links here https://www.moneysmart.gov.au/managi...al-counselling
    Last edited by SpecialPatrolGroup; 02-07-2015 at 18:33.

  12. The Following 3 Users Say Thank You to SpecialPatrolGroup For This Useful Post:

    Janesmum123  (02-07-2015),Msbowie  (02-07-2015),TheGooch  (02-07-2015)

  13. #8
    TheGooch's Avatar
    TheGooch is online now Winner 2014 - Newbie of the Year
    Join Date
    Jan 2014
    Posts
    5,054
    Thanks
    8,840
    Thanked
    4,566
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 posts
    Awards:
    100 Posts in a week
    Quote Originally Posted by SpecialPatrolGroup View Post
    You could go to a financial counsellor. They are free and can help you to set a realistic budget. The Financial counselling assn will have links to a financial counsellor near you.

    Links here https://www.moneysmart.gov.au/managi...al-counselling
    This would be my suggestion too.

  14. #9
    Join Date
    Jul 2010
    Location
    on a sandy beach!
    Posts
    6,417
    Thanks
    337
    Thanked
    2,217
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 posts
    I just stopped giving gifts (apart from our kids). I saved so much money. I understand heaps of people wouldn't want to do that but we were getting in over our heads.

    We still have so much debt with hubby not working and only Centrelink but the financial counsellors are great and they can do lots of negotiating for you

  15. #10
    Join Date
    Aug 2010
    Posts
    2,654
    Thanks
    736
    Thanked
    423
    Reviews
    1
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    I may have worked for a company thats been mentioned on here....! I think you made the right call.

    Good luck :-) Don't give up!


 

Similar Threads

  1. For those in finance.....
    By Purple Poppy in forum Hubbers who are studying
    Replies: 5
    Last Post: 09-06-2015, 23:52
  2. Financial advisor or accountant?
    By NAT2561 in forum Family Finances
    Replies: 1
    Last Post: 17-01-2015, 22:19

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
free weekly newsletters | sign up now!
who are these people who write great posts? meet our hubbub authors!
Learn how you can contribute to the hubbub!

reviews
learn how you can become a reviewer!

competitions

forum - chatting now
sales & new stuffsee all
Carmel's Beauty Secrets
7 Day Nail Growth Boosting Method Carmel's Beauty Secrets
The Nail Growth Boosting Method, will help transform your nails in just 7 days. You will also notice a big difference in their strength. It's so easy and only needs to be performed once a month.
Get your Nail Growth Boosting Method at the link below.
featured supporter
Baby Monitors
Looking to buy a baby monitor? :: Read viewer reviews of baby monitors BEFORE you buy :: Buy at a local or online Baby Nursery Shop
gotcha
X

Pregnant for the first-time?

Not sure where to start? We can help!

Our Insider Programs for pregnancy first-timers will lead you step-by-step through the 14 Pregnancy Must Dos!