Has been beneficial
I was with Mybudget in 2009, when my income was 45k, with numerous debts, such as a car, CC, etc and was provided a solution of 'bankruptcy', which I accepted. I stopped using them approximately 12mths later-as I didn't find them all that helpful.
After getting back into financial strife in 2017, I chose to give them another go. Except this time, my income sat at 100k, with a company car.
Bankruptcy was again the solution, which I initially declined, but agreed to 6mths after commencement.
I can recommend Mybudget and say that overall my exp...
Amazing service easy to follow. Made the future look bright again for me.
Was referred by by financial advisor to give my money and all finances over to MyBuddget. Was the best advice given to me because from the moment I signed up I felt valued as not only a customer but as a human. I had too much going on and such little time to deal with my propertys I needed help. Everything was clearly explained to me the service was top level on every encounter and the budget has been the best. Words cannot describe the relief I have of money off my shoulders now.
Thank you MyBudget your staff and services are amazing.
Would recommend MyBudget to EVERYONE!
As a returning client I had already had an amazing and positive experience but coming back has just reiterated to me what wonderful service and staff My Budget have. My queries are always responded to on time and my financial situation was dealt with with great care and kindness. The staff are always friendly and approachable and I never feel silly asking for help or extra detail. After rejoining my account manager Tamara couldn’t have been more helpful or lovely. Thanks so much everyone keep up the amazing work!
My Budget's Solution - BANKRUPTCY
I did not find My Budget's solution for me. I rang My Budget because I was concerned about a number of new payments I had to make in the next 12 months and my income had dropped slightly, and admittedly I was panicking . I saw a commercial a while a go and decided to give it a go,
I initially rang and spoke to a gentleman who reassured me that my budget was a great solution. He did listen to my concerns and issues and told me that they would have a solution for me. He arranged a phone appointment as I live in a region centre with no My Bu...dget office close by. The next day I had a lovely chat with their budget consultant who took down my income and expenditures. She also asked my questions like is their anything you want. I said I guess a holiday, new car and computer would be nice in the future, but who wouldn't like that anyway. She ended our conversation and told me that they will call back with a budget solution for me. After a couple of hours she returned my call and the solution that she offered was to declare bankruptcy in three months if my financial situation wasn't going to improve. This would eliminate my loan and sever the contact with my Telco. I was shocked, I looked at the budget that they offered my and yes I would save a lot of money but some items where way over budgeted for myself, especially gifts for my children. I told her that I was not happy with even considering Bankruptcy but she continually reassured me that it was the best approach to gaining financial freedom. In fact I began to sound like a sell rather than I wonderful service that was advertised. I was constantly reminded of all the wonderful things I can have with this budget. After a while I did turn off a little as I was continually thinking about the Legal ramifications, Credit Score and long term implications of being Bankrupt. After we finished the phone call I rang an old school mate who is an accountant who told me that going for a Bankruptcy was the worst option for the debt I had. I chatted about what was happening to me with him and he suggested to take it easy, look at the budget yourself and "trim some fat" off of what you are spending. I then jumped on the Governments My Money web site and using most of the information that we spoke about with My Budget, worked out a budget. By doing it myself I won't be saving thousands as per My Budget budget but I won't be bankrupt either. I also rang my Telco renegotiated my phone and internet contract, stopped or modified some of my subscriptions. Things that you would be paying My Budget to do.
Helps me keep my money konger
Having mybudget means that I have money that I would otherwise carelessly spend. I need to think twice about spending money. I ring them and am reminded of the short fall in the budget so I think do I really want to spend this money
Excellent for anyone who struggles with good financial planning and budgeting.
MyBudget is great, try it. You’ll never regret. Customer service is superb. Financial distribution in you budget, excellent. Advise given by consultants, worthwhile. Thank you MyBudget. If I have anymore financial issues, I’ll be all too happy to be your client again.
- Budgeting Services
- Verified customer
Getting my finances back on track
Since being with my budget I’ve had to learn discipline with money and that it’s going to be journey not a race. But I know 2019 has been painful for us as a family money wise but 2020 I can see possible savings and a holiday or two which would be awesome.
High level of service delivery
There is a lot that goes into setting up a right budget, but even more in keeping it current. MyBudget's turn around times and dependability is great.
I consider myself a high demand customer and that the service delivery should match expectations.
With MyBudget, it does.
If you were considering using their service but mindful if it will make the difference you were intending... its likely it will, highly recommended.
Best decision ever
We signed up over a year ago and haven’t looked back - so great to see debts going down, no bills to worry about, it’s all done for you! Now have holidays booked and haven’t needed to worry about spending money - all planned by MyBudget!
This is perfect. Has changed my life!
The call I made to Mybudget was the best thing I could have done. Since the first call my seemingly insurmountable situation became manageable. Within weeks I went from financial stress and uncertainty to not just financial stability but a much better standard of living all round. The friendly and very helpful team talked through all options and looked at my situation without judgement. With one main person dealing with the set up, contact is easy and the service is on a personal level that builds a great trust in the company. Having been with...mybudget for a few weeks now I can honestly say the difference in my life is well worth that phone call. The changes are quick and beneficial. Couldn't recommend mybudget highly enough. Making that call will change your life!
Absolutely a life saving service
I have been with MyBudget for about 5 weeks now, and I can only say that I wish I had joined a LOT SOONER.
I have had nothing but pleasing experiences, and great advice. I have been able to flip my finances around with their help, and I am on a path to bigger and better things.
I can't stress enough how important it is to be on top of your finances. MyBudget literally have it in the bag. They know exactly what they're doing, and they do it all with a huge smile. They're intelligent, compassionate, empathetic and most of all extremely hard workers.
I haven't had any negative experiences at this point - so, it's a great journey so far.
My finances - from hopeless to brilliant
Before MyBudget - my finances were an endless cycle of maxing out credit cards followed by paying them off then maxing them out again. The crazy thing was I didn’t go shopping in fact I hated shopping I just didn’t seem to have enough income to cover my day to day expenses and by my mid fifties I realised that despite pretending to the world that I had a handle on my money I actually sucked at it. I was so stressed (and ashamed I will admit) at having to ring companies (gas, electricity etc) to ask for extensions and payment plans on a regular ...basis because I’d maxed out all my credit cards it was making my life a misery. After MyBudget- if ever there was a knight in shining armour it was MyBudget! Where to start - I have paid off so many of my credit cards ( and will have them all paid off I the next 18 months) - for good (cut up, goneski) all my bills are paid on time (automatically - no sitting at the computer after work with that sinking feeling deciding who gets paid and who doesn’t get paid this week) I have savings and I have enough money to live on (groceries etc) so much so that that I don’t even think about when pay day is anymore. I recently had to find an extra $1100 a month for my mortgage ( wasn’t expecting the increase for 6 months) and MyBudget helped me juggle things around so that all bills were paid including the increased mortgage payment and all out of the same old pay packet! People ask me why do I pay money to manage my money and I reply - I’m good at what I do and I’m better to keep doing what I do best and outsource for help with managing my budget to the experts (btw - MyBudget is worth every penny every single penny :) So there you have it - for me - before My Budget :/ after MyBudget :)))))
A life saver!
After struggling with our family budget and living pay day to pay day, despite both earning good salaries, finally we have savings and a life! MyBudget does care and genuinely treats you as an individual. They understand the difficulties of managing a complex household. I can sleep at night knowing we have financial security. Thank you.
My budget got me to that light at the end of the tunnel
I was in dire straights after leaving my partner with nothing & got into financial distress. After lots of convincing from my daughter I joined my budget, (which was very hard for me in the beginning). I didn't think I would EVER get out of debt but thanks to my budget i am 2 months away from being DEBT FREE.
This is not a made up review, I am truly amazed how my budget changed my life.
Such a relief!!
MyBudget helped my partner and I to organise our life and to finally be able to take time for ourselves! I recommend MyBudget to everyone I talk to! Although I’ve now left my budget I will continue to recommend people to join if they need financial support!!
Glad I called when I did!
After living the last 12 months with financial stress and not knowing what to do, I decided to make the call to My Budget. And boy, am I so glad that I did. From the initial phone call, to the office appointment, to the phone calls from the Welcome Team and communication from the Transitioning Team, I could not be happier with the assistance and service that I have experienced. I was so apprehensive at first mainly at being judged or made to feel bad about my situation but it was all the opposite. Lots of compassion, empathy and understanding. ...As well as reassurance. I've only been with My Budget for a few weeks now, and I can see how much this will work for me. After a minor hiccup, (these things happen!) That has since been resolved, I have quickly managed to understand how it all works and how best to utilize this awesome budgeting service. I love that within the app I can easily and quickly msg the My Budget team with any queries that I may have, and I know that I will receive a reply within an hour or so. Thanks My Budget I have recommended you to family and friends already!
Ive been with My Budget for a few months now. I have extreme frustration with it all. — It’s troublesome that I can’t walk into a branch to talk face to face with someone, I hate talking on the phone it gives me anxiety.
- it’s based in Adelaide with time difference
- it takes 24hrs to transfer money
- I don’t understand the app and have never been shown how to use it
- dealing with multiple people
- bill payments are late or overdue or missing
- I received inheritance and have paid off my debts which were not big at all, but my medical situa...
Our money stress has gone
My Budget helped us consolidate our credit card debts and have arranged our budget so that we are in a position to save some money rather than live from week to week. It has taken a lot of stress out of our lives and now we are saving money for our next family holiday. Their staff are very friendly, understanding and extremely helpful.
Fantastic Product, has helped heeps
My Budget got my family out of a debt situation. Created savings and credit card to zero. We had a massive credit card debt and I couldn't get through each month along with other bills coming in.
My Budget relieved the stress which made for a happy home life.
Wow. Just wow. The Cash Converters of financial ‘aid’
I’ll start by saying I feel really sorry for anyone desperate, uninformed and blind-sided enough to fall for this.
The company has done a remarkable job in development of their ‘we’re here to help’ marketing strategy - targeting those in dire need. I.e. praying on the under dog.
Yes, their fees are absolutely absurd! But let’s break this down a little further... minimum startup is $1447 and weekly admin fee of $44 - that’s $3735 pa. which is grossly more expensive than hiring a financial counsellor/advisor or even accountant (for basic domest...ic budgeting). Not to mention all the exorbitant fees and charges in addition to above. So, surely it’s safe to assume the people managing your budget/account have a minimum level of finance/accounting education/qualification and professional history - you’d be wrong. Most are simply administrative staff at best, trained to use the company’s well established script and spreadsheet templates. Also, what they fail to mention amidst their plethora of listed fees is, they’re also pooling everyone’s money together and pocketing the interest accrued ON TOP of the fees they’re charging you. Whoever thought up this business model is laughing all the way to the bank! And once you’re in, they’ve got you trapped by cancellation fee of approx $2000 - which obviously noone experiencing financial hardship can afford. It’s an absolute scam. One I will not be partaking in - and I am writing this review in hopes of sparing others from falling into the trap. If this is something you’re seriously considering, do yourself a MASSIVE favour and go see a financial counsellor! Better yet, charitable organisations like St Vincent’s offer financial counselling services for FREE to those under financial hardship - along with a range of other services to help you get back on your feet. Just don’t do it. No matter how bad it is, it’s just not worth it.
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Questions & Answers
What times is the bank transfer
We have six payment runs that occur throughout the day from Monday to Friday which I have listed these below for you. Please note that these are local South Australian times and may vary dependant on time zone.
- 7:45 am
- 10:15 am
- 11:45 am
- 2:15 pm
- 3:45 pm
- 4:45 pm
Once a payment is processed it may usually take up to one day to be received into your account.
I hope you have a great day!
Kind Regards, Peter - MyBudget
If I require an amount of $50 - $60K to cover my current finances would My Budget be able to help to find a company to finance the loan
My answer would be no. I asked them if they could recommend the best companies to save money when it comes to insurance, electricity, gas and so on...and they don’t do that. They only work with you to come up with a budget based on your take home pay so you are able to eliminate debt and pay bills on time.
Hi Financially free,
Thanks for your question. MyBudget may be able to assist you with a lending solution if required as we do have a lending team on board with us. This is something that we assess during our free no-obligation consultations with a personal budgeting specialist. If you are interested in speaking to us further about this and whether it may be an option for you, please give us a call on 1300 300 922 and select option 2.
I hope that helps - We look forward to speaking with you! Kind regards, Lauren - MyBudget
What are the cost up front and does the price differ if I live in Bunbury Western Australia
Well the cost depend on the service your after and i dont think it matters where in Australia you live
Fees are figured into your budget after they look at your income and expense. Fees are figured into budget once it is created. Once budget is created you will be able to look and see everything they are doing, what they are paying, what bills are on hold etc. Also, it does not matter where you are located in Australia as long as you are in Australia.
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