BCU Bank Logo

Search www.bcu.com.au

Budget planner calculator

Use this handy calculator to help plan your budget.

Frequently asked questions

Even though the initial budget you create can easily be used as a guideline for all future budgets, you should consider reviewing your budget every few months, or updating it whenever your financial situation changes. If you have a fluctuating income, you should take this into account when planning your budget.

The 50/30/20 budgeting rule is an easy guide to show the percentage of your salary you should be spending or saving. With this rule you allocate:

  • 50% on needs - such as your rent or home loan repayments, transportation, your weekly shop, paying off any other debt, health and insurance payments, education and utility bills.
  • 30% on wants - such as your morning coffee, dining out, shopping, entertainment, hobbies, holidays etc.
  • 20% on financial goals - such as an emergency fund, savings accounts (e.g. saving for a holiday or a car), additional debt repayments etc.

Need assistance? We're here to help.