The tool is provided by Money Smart. It is available both online and offline, and it is compatible with iPad. Yes, from the countries I know, Australia is probably one of the most advanced in Personal Finance resources provided by the own government.
The budget planner features:
- Answer to the question: “Where your money is going?”
- Tell if you are spending more than you can afford
- If your money is going towards your priorities
I have done this experience some years ago when I was in Portugal. With a simple spread sheet. The result is fabulous. You can know exactly where your money is going to.
I have concluded that my money was been spent mostly in my car, with fuel and maintenance over the year (about 30%).
This is a very good exercise, you can see where you can cut to save more money over the year. Try it and leave your feedback about this tool ;)
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