![]() Lifestyle – non-essential spending such as dining out, shopping or entertainment.Essentials – ongoing costs such as groceries, transport, pet care and health costs. ![]() Commitments – such as regular bills, debt repayments and rent/mortgage payments.It’s a helpful way to manage your spending and saving without complicated spreadsheets. 'Bucketing' involves splitting your regular income into accounts (or buckets), with a specific budget for each. Or, get a full picture of your finances with Cash Flow View. Need some help understanding and tracking your money? Track your spending with Spend Tracker in the CommBank app – it tracks your transactions so you know what you’re spending your money on and where you can cut back. Finding the plan that works for you will make it easier for you to maintain and stick to. ![]() You can track your budget in a spreadsheet or journal, or keep a mental record of your spending. Next, decide which kind of money plan works for you. Once you've got a good idea of your regular income and spending, you can tailor a budget to suit your needs. The first step to budgeting is knowing exactly where your money goes.
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