Budgeting is an essential part of managing your own finances effectively, and of eliminating debt. Smart budgeting can help you pay off debts sooner, protect your credit rating, and even help you save. It’s is an important part of getting your finances in order. If you want financial freedom, budgeting is the first step towards that brighter future.

How It Works

The first step to an effective budget involves tallying up all of your debts. This will help you get a clear picture of just how much you owe and how much you need to repay each month. Then, you’ll need to set a realistic budget that you can actually stick to. Lastly, you need to prioritise your debts. This means paying off the highest interest debt first, usually credit card debt. Depending on your situation, you might want to consider refinancing or another debt solution to help manage your debt repayment more effectively.

At Debt Busters, we can help by providing expert services in regard to:

  • Tracking your spending – track incoming and outgoing funds with a spreadsheet or money-tracking app on your phone
  • Prioritising – always prioritise paying off bills first, then your debts
  • Talking to your lenders – we can negotiate interest rates or payment plans with your creditors to help you pay off debts faster
  • Hardship – we can help apply for financial hardship with all of your creditors if you feel yourself falling behind on payments



In order to apply for budgeting, you will need to:

Be 18 or over
Be an Australian resident
Provide documentation
(ID, passport, driver’s license)
Share some information
about your financial situation

How Debt Busters Can Help

You don’t have to face your debt alone. Having a financial expert in your corner who can help you achieve your goals is the only way to take the guesswork out of budgeting and debt payoff. Talk to our specialists today to create a debt payoff plan and get back on the path to financial freedom.

Contact us today or call a member of our team on 1300 368 332 for a confidential discussion regarding your financial situation and how we can help.