Managing your finances can be a challenging task, but with the right guidance, it can become much easier. At MOVE Bank, we want to support our members and provide ways for you to set your budget effectively, which is why we have put together a number of useful budgeting tips to help you take
control of your finances now and into the future.

Set Financial Goals

The first step to effective budgeting is to set financial goals. These goals can be short-term, such as saving for a vacation or a new phone, or long-term, such as saving for a deposit on a house or making additional contributions to your superannuation fund. Once you have established your financial goals, you can work towards achieving them.

Track Your Spending

The next step to effective budgeting involves keeping track of all your income and expenses and identifying areas where you can cut back. You can use a spreadsheet, a budgeting app, or even just a pen and paper to track your spending. As the saying goes, you can’t manage what you don’t measure!

Create a Budget

Once you have established your financial goals and tracked your spending, it's time to create a budget. A budget helps you plan and manage your finances, and ensures you are allocating your money towards your goals.

Use a Savings Account

A savings account is a great tool to help you save money and reach your financial goals faster. At MOVE Bank, we offer a Growth Saver account that rewards you with bonus interest on balances up to $25,000 when you meet the deposit requirements1. For more information on our Growth Saver and other savings accounts, visit

Avoid Unnecessary Debt

Avoiding unnecessary debt is crucial to achieving your financial goals. This involves being mindful of your spending habits and avoiding impulse purchases, particularly when made on a credit card. It's also important to only borrow money when it's necessary and ensure you can afford to repay the debt.

This blog post is for general information purposes only and is not intended as financial or professional advice. It does not have regard to the financial situation or needs of any reader and must not be relied upon as financial product or other professional advice. You should seek your own independent financial, legal and taxation advice before making any decision about any action in relation to the material in this article.