Top Articles by MoneyFormula: Australia's Best Mortgage and Personal Budget App for the Australian Household!
Why "Pay Yourself First" Works When Every Other Budget You've Tried Has Failed.
It's Sunday night. You're looking at your bank balance, wondering where your money went.
You've tried budgeting apps. You've tried spreadsheets. You've even tried the envelope budget method.
Yet here you are again. Mortgage due, credit card creeping up, less than you had last month.
Never getting ahead financially.
The System Is Rigged Against You
The bank has structured your mortgage to maximise their profit over 30 years. Not to help you get ahead.
Supermarkets, buy-now-pay-later, subscriptions - everything's designed to separate you from your money (and they are good at it!)
Traditional budgets? They make you track every coffee and feel guilty about every purchase.
They don't work.
Why Every Budget You've Tried Has Failed
Tracking expenses is exhausting. It makes you feel like a failure every time you buy something.
By the time you see where your money went, it's too late - it's already gone.
And just when you think you have your budget in order - life happens. Unexpected bills. Kids' stuff. Car repairs. You go on holiday. And your perfect budget falls apart.
Every. Single. Time.
These budgets fail because they're fixing the wrong thing.
Why a Pay Yourself First Budget Works
Here's what changes: instead of saving what's left over (which is often "nothing"), you save first and spend what's left.
You prioritise a small amount of income to the important things in life and then automatically move the money before you spend it.
No tracking. No guilt. No complicated categories. Just automatic progress.
MoneyFormula is the personal finance app for Australian households that makes this easy in Four Simple Steps: 1.Pay yourself first, 2. Create a budget, 3. Choose your debt strategy and 4. Review your spending.
You use simple money flows and buckets, move a small amount of income BEFORE it goes on expenses, then automate it (so that it is guaranteed to happen - even when life gets busy).
Simple as that.
Pay Yourself First Example
Bob and Jill had a mortgage, credit cards, a personal loan. Spending everything they earned. Nothing left over. Never moving forward.
Within 10 minutes of using MoneyFormula, they discovered $73,477 in savings.
That's it. Ten minutes.
Then they went on to find $199,234 in total savings by the time they completed the Four Simple Steps.
From stressed to in control.
Try MoneyFormula Today
The best thing about MoneyFormula is you don't need to a perfect plan and you don't need to be perfect.
Just see what's possible with your money right now and take that first step forward, then follow it with another step, then another...
The MoneyFormula personal finance app shows you exactly how to pay yourself first no matter where you are starting from, giving you a clear path forward so you can take that first step, then another.
Give MoneyFormula a go today and see what you think.
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PLEASE NOTE: The information in this article is general in nature. It does not take into account your personal objectives, financial situation or needs. Please speak to a qualified financial adviser if you need specific advice on your finances.