Care inc. is a community organisation set up to ensure low income consumers are treated fairly and have support to overcome debt.


tools and resources

What is budgeting?

It can be difficult to manage on a low income, especially when unexpected expenses happen.  You may be going along Ok and suddenly the car packs it in.  If you haven't got control of your money and budget, it can be difficult to cope with this sort of thing.

It would be great to not have to think about budgeting at all and have all your finances taken care of without having to think about where the money is coming from or going to!  But reality says that if you're living on a low income, you're going to need to learn how to budget so you can be in charge of your money and your future.

Learning to budget can help you to:

  be prepared and get on track with your money

  get control of your spending

  show areas where there are problems

  help you plan for short, medium and long term goals

  help you develop a savings plan

  Show where the money really goes!


Some basic steps before you begin your budget:

  Know where your money comes from and what the correct wage or payment is.  This way you can check that you are being paid the right amount and that the correct tax or other deductions are being made.

  Keep all records of financial stuff.  Get a folder to keep things like shopping dockets, receipts, accounts and bills to help you work out your budget.

  Use a spending diary to record everything you spend for a week or a fortnight

  Make a budget plan with the information you have gathered.  Use the budget sheets.

  Review your budget regularly.

  Don't panic ! If your budget does not balance, call Care on 6257 1788 any weekday morning.


The Income and Expenses sheet helps you work out what your expenses are and is a good general budget sheet.

The Cashflow sheet is useful if your income varies. It can help you plan your budget, work out when you can pay bills and how much you can pay.

"Ensuring low income and vulnerable consumers are treated fairly and to support them to overcome debt"

Care Inc. Financial Counselling Service © 2012 Disclaimer: This site is not intended to replace direct financial counselling or legal advice. Every effort has been made to ensure the information on the site is accurate. Although we will update it regularly, there may be mistakes and things may change.