Practical information to help you budget.

Getting started

Calculate how much money you have coming in by using any of these:

Work out how much you’re spending. To do this, look at any of these:

  • bills
  • bank statements including direct debits
  • credit card statements
  • receipts and shopping dockets
  • annual and one-off costs, like insurance and car registration
  • Centrelink Deduction Statements.

Use the simple money manager to do your budget.

You can then see if you have money left over. You could use this for your savings. You don’t need to have a large savings goal. Small goals are just as good. Setting a savings goal means you’ll know how much you need to save regularly to reach your goal.

Remember to review your budget often to make sure it’s still working for you. A change in your income or costs can impact your budget.

Simple money manager

More services we offer

There are services to help you manage your money and set yourself up for success.


Centrepay is a free and voluntary service you can use to pay bills as regular deductions from your Centrelink payments.

Rent Deduction Scheme

Our Rent Deduction Scheme is a convenient, secure and free service. It allows you to pay your state or territory housing authority rent through regular deductions from your Centrelink payments.

Centrelink Deduction Statements

Centrelink Deduction Statements help you track your deductions. The statements show the deductions you have set up to come straight out of your payment from us. They also show your upcoming payments from us.

Weekly payment options

The weekly payment option can allow you to get your income support payment weekly. This can help you if you find it hard to budget a fortnightly payment.

Offset your payments

To help you manage your money, you can ask for your Family Tax Benefit or Carer Allowance payment to be offset. This means your Family Tax Benefit or Carer Allowance can be paid on a different week to your income support payment. You can call your regular payment line to find out if you’re eligible.

Tips to build savings

We have tips to help you build savings. You don’t need to have a large savings goal. Small goals like saving for new furniture or school supplies can be useful.

Talk to someone

You can talk to one of our Financial Information Service (FIS) Officers for free. Our FIS Officers can share tools, resources and information that can help you make more informed financial decisions.

The National Debt Helpline offers free financial counselling. A financial counsellor gives free advice and support to people who are going through financial hardship.

Find a financial counsellor in your area on the National Debt Helpline website.

Page last updated: 31 January 2024.
QC 60276