How BudgetPlan works.
Five minutes to set up. Then a score each morning, a check-in each Sunday and a straight answer whenever something changes.
1. Set a goal
Pick what matters most right now: an emergency fund, a house deposit, a credit card paid off, a holiday, or simply reaching pay day with money left.
Enter the amount and the date. BudgetPlan works out the weekly figure you need, for example $85 a week to reach $4,000 by July.
2. Connect your bank
You connect through the Consumer Data Right, the Australian Government's Open Banking system. You choose which accounts to share and for how long, and you can stop sharing at any time from BudgetPlan or from your bank.
Access is read-only. BudgetPlan can see transactions and balances. It can't move money, make payments or open accounts.
3. See your household P&L
Every transaction is sorted into three groups:
- Money in: wages, Centrelink payments and any other income.
- Fixed costs: rent or mortgage, loans, insurance, energy, phone and internet.
- Flexible spending: fuel and car costs, groceries, eating out, takeaway, subscriptions and shopping.
You see what came in, what went out and what was left. Then the gap between that and what your goal needs.
4. Get a daily score
Each morning you get a score from 0 to 100. It compares your flexible spending so far this pay cycle with the pace your goal needs, allowing for bills still to come.
Green shows what's safe to spend today. Amber names the category that's drifting. Red gives you one fix for this week.
5. Act on the next saving
When a category jumps, BudgetPlan tells you the same day, with the dollar figure and one thing to do. Fuel prices come from state government sources such as NSW FuelCheck. Energy plans come from the Australian Energy Regulator's published plan data.
On Sunday you get a two-minute check-in: last week's result, one win, one fix for the week ahead.
Be first in line.
We're opening to a small group of Australian households first.