If you looking for the best Australian personal finance app to help you take the stress out of your budget and put you in control of your money, then check out the latest release of the MoneyFormula App.

Try it free today and see just how easy it is to crush bad debt, set up your first budget using money flows and buckets, manage all your accounts in the one convenient personal finance app and plan for the future as you instantly see when all your wealth goals will finish.

100% Australian made, owned and supported with everything the Australian homeowner needs to get the most out of their money and beat the cost of living pressures.

We start with the basics of setting up accounts in the MoneyFormula personal finance app, discovering your net worth and reviewing your debt profile.

We also look at setting up your first budget with your income and the importance of money flows and allocating a realistic amount towards your wealth goals bucket.

We'll look at just how easy it is to pick wealth goals, including crushing debt and beating your mortgage, and see how MoneyFormula personal budget app instantly maps out the future in real-time showing you when you will complete each goal and how much you will save.

Learn what an Emergency Fund is and how it can act as a safety net to save you reaching for the credit card or getting into debt at a time when you are most vulnerable.

We'll see just how easy it is to set up and manage an Emergency Fund using the MoneyFormula personal budget app and how it automatically links to your wealth goals (covered in PART 2) keeping you on track every step of the way.

Discover how to set up a budget in under five minutes using the MoneyFormula personal budget app, to help you tackle the cost of living and to stretch your dollar further.

We'll also look at how to set up your three money flows & buckets so that you can achieve your goals, save for fun things and protect your budget from overspending.

Having the right tools can make all the difference when it comes to achieving your savings goals and when using the MoneyFormula personal budget app, it is as simple as setting the target amount you want to save.

For each goal you will then instantly see what it will take and when you will achieve it and your goals will automatically be updated each time the account balances change.

The MoneyFormula personal budget app provides you with three great summary views of your accounts, assets and debts and this article we'll go through each and see how they will help you manage your personal finances.

Discover your Net Worth, Debt Profile and Wealth View today to see what you are worth, what your owe and how your investment are tracking.

Dealing with bad debt is a really important step to get on top of, because the result can make a huge difference to your finances as you crush the high interest repayments on bad debt (credit cards, store cards, personal loans, etc.).

In this article we will look at the different debt strategies you can try in the personal budget app, along with the power of customising your debt snowball amounts, so you can discover what works for you.

Once you have cleared your bad debts and your emergency fund is topped up, it is time to move on to one of your biggest financial goals, crushing your mortgage.

There are two very important facts you need to know about the banks as well as the different ways the MoneyFormula personal budget app will help you beat your mortgage.

If you are one of the million+ readers who have picked up a copy of The Barefoot Investor, then like me, you probably enjoyed the down to earth approach that Scott Pape has towards finances.

With his focus on date nights, serviette strategy, unique bucket names and simple barefoot steps, it makes for an entertaining read that also claims to be the only money guide you'll ever need.

If you are looking to set yourself up using the barefoot investor approach and the MoneyFormula app then you come to the right place, as this article series has everything your need.

If you have been using MoneyFormula and want to know how it will help you on your Barefoot Investor journey then this is a great place to start. You will learn how to: Get your quick overview of what you can do with MoneyFormula from setting up your barefoot investor buckets, picking your barefoot steps and seeing your fire extinguisher results in real-time, through to managing all of you assets, debts and bank accounts, boosting your mojo, tracking your grow bucket and so much more.

Ready to start? We jump straight in with the easiest way to set up your Barefoot Investor buckets within the MoneyFormula App, where you get to choose the bucket names you would like to use and start flowing your income to your goals.

Check out the cheat-sheet to help you set up your own bucket names (e.g. fire extinguisher, smile, splurge, mojo, grow) or customise to any names that suit your needs.

These buckets are like the poor cousins of the Blow bucket and often get overlooked, but they play an important part in protecting and growing your finances.

MoneyFormula does all the hard work to keep your Mojo and Grow Buckets up to date and this article shows you how easy it is to give them the attention they deserve.

With 60% (or more) of your income going to your Daily Expenses we'll look at the easiest way to budget your expenses using the MoneyFormula app budgeting tools!

A simple budget and recent spending review are great tools in helping you work out how much of your income is currently going on your Daily Expenses and therefore how much of your Blow Bucket you can afford to put towards your Fire Extinguisher, Splurge and Smile accounts.

At the heart of your financial freedom lies your Fire Extinguisher. After setting up your buckets this is one of the most important tools to your financial success. Choose your Barefoot Steps (fire extinguisher goals) and MoneyFormula will line them up and show you exactly when each goal will finish based on your current settings.

You can even tweak the debt strategies as you Domino Your Debts to see which ones work for you; and you can pick from the different payout options to really crush your mortgage and get the bank off your back.