Want to work out your current budget or start a budget? Our budget planning calculator gives you
the breakdown of different expenses so you can plan your budget better.
This is a handy step to take before applying for a new loan so that you can ensure you a
prepared for the new loan repayments in your budget. It also assists you in preparing for a loan
application as most lender will require last 3 months bank statements to confirm expenses.
By entering your expenses in each expense category, including any debt repayments etc. the
calculator will give you a summary of your current budget. You may then look at ways this can be
improved in preparation for a loan application.
Make sure you enter realistic figures so that you can give yourself a more accurate picture. This
can help you plan more effectively. To work out a savings plan for yourself you can pair this
calculator with a savings calculator.
“*The calculator has been provided in good faith as a guidance tool only. Results are not financial
advice, are a guide only, and are not a guaranteed outcome or quote. Borrowers should always
discuss their individual situation with an Australian Credit Licensee or authorised Credit
Representative”