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Setting a budget

One of the best ways to take control of your money and plan for your financial future is to work out a budget.

Start today by downloading our budget planner and follow our six easy steps:

  1. Use the budget planner to work out how you currently spend the money you earn. It’s a great way to find out whether you need to cut your spending, or how much you could put aside for savings, investments or debt repayments.

  2. Make sure your budget is realistic, so life isn’t a financial struggle.

  3. Look for ways to cut your spending but keep it realistic, so you can increase the amount you can put aside for saving or repaying debts. This could include: 
  • only going shopping when you have the money to spend
  • buying things second-hand
  • making your own lunches rather than buying them, or forgoing that daily bought coffee.
  1. Set yourself at least one financial goal, such as saving for a holiday, buying a house or paying off your credit card. Write down your goal where you can see it often to help you stay focused on it. 

  2. Make saving easy by setting up a separate savings account, and setting up an automatic payment from your everyday account. You should be able to set up automatic payments quickly and easily through your mobile banking app or Internet Banking. 

  3. Plan for unexpected expenses like car repairs by setting aside money in an ‘emergency fund’.

This material is for information purposes only. Its content is intended to be of a general nature, does not take into account your financial situation or goals, and is not a personalised financial adviser service under the Financial Advisers Act 2008. It is recommended you seek advice from a financial adviser which takes into account your individual circumstances before you acquire a financial product. An ANZ Authorised Financial Adviser will, on request and free of charge, provide you with his or her disclosure statement prepared under the Financial Advisers Act 2008. If you wish to consult one of ANZ's financial advisers, please contact us on 0800 269 296.