The 50-30-20 budgeting approach

4 mins read

Create your budget plan using the 50/30/20 budgeting approach

Once you have made the decision to create a budget, you might want to consider some of the more popular budget methods to help you get started. When you understand the importance of budgeting, you are on your way to improving your financial future. A simple but powerful budgeting approach is the 50-30-20 method which recommends spending 50% of your after-tax income on needs, 30% on wants, while saving the remaining 20% each month. 

The 50-30-20 technique is easy to follow and can help you achieve your financial goals by effectively managing your finances. Let’s take a closer look at the difference between needs and wants. 


Needs, Wants, and Savings

In the context of budgeting, needs are the items or expenses that are essential to your everyday life. The bills that you can legitimately categorise as ‘needs’ include food, healthcare, transport costs and power bills. Spending on these types of items is necessary for you to eat, get to work and keep the lights on.

Wants, on the other hand, are the expenses that make your life comfortable and more enjoyable but are not essential for survival. In other words, expenditure outside your basic needs. Enjoying a meal at a restaurant, taking a holiday or splashing out on the latest gadget may be things you like to spend money on, but you can certainly live without them.

The 20% savings is the contribution you are making to your future. The money you set aside could be for unexpected emergencies or for longer term investments, and either way, your future self will thank you for it.


Benefits of the 50/30/20 approach

One way to think about creating a budget is to consider it a plan for long term financial health. When looking after our physical health we aim to establish simple habits to build fitness and strength. Financial health works on a similar principle. Establishing good spending and saving habits through budgeting is a great way to build a healthier financial future. The beauty of the 50-30-20 budget lies in its simplicity.


Financial Discipline

The 50-30-20 rule defines spending thresholds and sets a savings target for each month. If too much is being spent on those nice-to-have items (the wants), the 50-30-20 plan will easily identify where to cut back. 

Humaniti can help by providing the details on where your money is going each month. When you securely connect your financial accounts, your spending is automatically categorised to help you better understand your spending, and learn where you can save. You’ll be able to quickly identify any areas where you’re spending too much. Our subscriptions feature is just one handy way Humaniti helps you review your ‘wants’ and decide if they stay or go.


Easy-to-follow Approach

Many people associate financial budgeting with complex calculations but the 50-30-20 approach is surprisingly simple. It’s also a great way to immediately tweak your spending habits to get your finances in better shape. When you securely link your accounts using Humaniti’s personal finance and budgeting app, you can easily monitor your spending and redirect funds into savings or expenses as needed.



The 50-30-20 budgeting approach acknowledges that we all have the desire to spend our hard-earned income on items and experiences that make us happy. Living a thrifty lifestyle may be a way to fast track better finances, but it’s important to have an element of flexibility with a budget. When a portion of a budget is allocated to ‘wants’, it can help maintain motivation by making room for fun and living life.


How to create a Budget using the 50/30/20 budgeting approach

There are four basic steps to create a budget based on the 50-30-20 budget approach: 


1. Determine your after-tax income

If you are an employee with a regular income, your take-home monthly salary will most probably be your net income, as taxes are deducted by your employer. If you draw income from additional sources, you should also factor in that income. If you are self-employed, your income may be variable. Deduct all business expenses and taxes from your gross income to calculate your after-tax income figure. By doing this for a broader period (quarterly or half-yearly), you can work out an average monthly amount.


2. Allocate your income using the 50/30/20 ratio

After calculating your monthly after-tax income, allocate 50% of that amount to meet your needs including groceries, utilities and rent. Next, allocate 30% on the things you enjoy such as eating out or having a holiday. Finally, put away 20% of your income each month into a savings account. Consider setting up automated transfers to dedicated accounts for needs, wants and savings, aligned to your pay date.


3. Track your expenses

Key to this budgeting method is ensuring you track your expenses so that you don’t breach the limits you set in the previous step. You can use the expense tracking features available in a budgeting app like Humaniti to make that process easier. By employing this method, you can identify areas where you are overspending and make necessary adjustments.

Humaniti offers a Link, Learn and Earn approach: Link your financial accounts so you can monitor your expenses in close to real-time, without relying on guesswork. Learn where you are spending by using the automated insights and dashboard. Earn by taking part in surveys, if you choose to do so, which can boost your income.


4. Ensure you meet your savings target

Another way you can keep your spending within the limit is to prioritise your savings target as soon as your salary is credited into your account. Consider setting up a dedicated savings account with an automatic withdrawal equivalent to 20% of your monthly salary into that account. The set and forget approach will help you avoid the temptation of dipping into your savings during the month, and shift your focus to managing your needs and wants.



Once you understand the 50-30-20 method of budgeting it’s easy to understand why it’s one of the most popular methods. There are no complex calculations and it’s simple to follow.

For anyone who has previously struggled with budgets, this approach may be the one that makes a difference. Consider combining this budgeting technique with a personal finance app like Humaniti to quickly understand your spending, and learn where you can save. Humaniti also offers a range of features that can help take the headache out of managing your finances. By being able to track your net worth, view your income summary, and better understand your super, you will soon be on track to a more informed and ideally brighter financial future.


* Disclaimer – the information in this post is general only and does not constitute financial advice. 

5 key steps to budgeting

3 mins read

Create a budget in five simple steps

No matter how modest your financial goals, reaching those key milestones will require discipline – and the easiest way to build discipline is to follow a plan. A budget is simply a plan to help you get a better handle on your finances, and you can create one that suits your personal situation with a few basic steps.


1. Determine your income

If you are an employee of a company, the chances are you are paid regularly and your take home salary (after tax) is around the same each month. This is your net monthly income, and the first piece of information you need to create a budget.

If you are self-employed or earning income from a variety of sources, add up all those sources to determine your cumulative income over a full year. If you own a business your income may vary from month to month, so calculate your average income over a full year and divide by 12 to create an average monthly income for budgeting purposes.

Before personal finance apps came along, determining this figure might involve gathering your financial documents, including bank statements, pay slips, investment account statements, and any other record that can help you accurately determine your monthly income. Humaniti can make this process a lot easier. Once you securely link your financial accounts to the app, we do the hard work for you to surface your incoming funds. With your average monthly income accurately calculated, you now have a starting point to budget for your expenses and savings in order to reach your financial objectives.

2. Calculate your expenses

The traditional way of calculating your monthly expenses is to prepare a list of goods and services you pay for to get a rough idea of how much you spend each month. This might include rent payments, mortgage repayments, fuel, insurance payments, utilities, groceries, clothes and dining out. Expenses such as insurance, mortgage and rent are likely to be a fixed amount each month, but you may have to estimate how much you are likely to spend on variable expenses including petrol, dining out and groceries.

When you’re signed up to Humaniti and have linked your savings, superannuation and other finance accounts, the calculations are done for you. The smart logic behind Humaniti’s personal finance app will categorise your spending, identify recurring expenses such as subscriptions, and present a view of spending that is easy to analyse at a detailed level. 

3. Subtract expenses from income

Now we get to the calculation side of planning. Once you have established your average monthly income and worked out your average monthly expenditure, deduct total expenses from total net income. This will immediately tell you if you’re earning enough to cover your expected costs. 

When your income exceeds your expenses, you have a budget surplus. This represents an opportunity to set some funds aside for longer term goals. When your expenses exceed your income, you have a budget deficit and will need to boost your income, reduce your outgoings, or both. With a budget deficit, use the 50-30-20 rule to test if your income is being appropriately allocated: 50% of your income goes towards essential expenses, 30% to your wants, with the remaining 20% of your income is set aside for savings. If you are able to lower your expenses, you will grow your budget surplus and potentially invest any excess savings.

4. Set spending limits

Once you have a clear view of your income and your monthly fixed and variable expenses, you could consider setting spending limits to each category of expenditure. This will prevent you from spending more than you’ve planned and help you build the discipline to keep you on track towards your financial goals.

5. Measure your progress

The last step in setting up your budget is to track your progress to make sure you are building your financial discipline and heading in the right direction. You may consider using a personal finance app like Humaniti to help you do this. Humaniti can help by providing a 360° view of your financial position, and by enabling a clear view of your spending in close to real time. This helps you stay focused in the short term with your budgeting plan and goals, as well as understanding the bigger picture of your personal finances.

If you don’t yet have a personal budget, now is the time to get started. You will quickly get a better understanding of your financial situation, will be set up to save as planned to finance significant purchases, and if needed, cut back on unnecessary debt. By following the five key steps to budgeting, you can create a successful budget for yourself that will help lead you to a brighter financial future.

* Disclaimer – the information in this post is general only and does not constitute financial advice. 

4 ways to stick to your budget

3 mins read

Budget tips to help you stay on track

Setting up a budget is the first important step towards better financial management – now all you need to do is stick to it! There are four specific actions that will help you stay within your budget and on track to achieving your financial goals.

As with any change of behaviour, the first weeks will require discipline until the new financial habits kick in. Humaniti is here to help you stick to your budget and stay on course to achieve financial wellbeing.


1. Track and trim your expenditure

One of the main reasons people struggle to keep their expenses under control is the failure to accurately track them. Reviewing your expenses on a regular basis provides a clear picture of the main categories of expenditure and better understanding your expenses.

Humaniti can help simplify this process by doing the work for you. When you securely link your bank accounts, the Humaniti app will automatically categorise your expenditure. Review the main categories of expenditure to understand your spending behaviour and habits and, if necessary, trim non-essential outgoings. Cutting back on small recurring expenses such as an extra coffee each day can add up to a decent saving each month.

2. Reduce your reliance on credit

Credit cards can be tempting to use on discretionary expenses, but it’s easy to overspend and rack up unnecessary debt. By paying in cash or using your debit card you have a better chance of staying within your budget as you can only spend what’s available. The process of paying in cash is also a visual reminder of how much an item actually costs and may act as a deterrent. The added bonus of using cash or debit card means you avoid paying interest on those nice-to-have items. 

When you link your debit and credit accounts with Humaniti, you will be able to track your spending and learn where you can save. The dashboard view of your monthly expenditure puts the numbers front and centre so you can easily monitor your credit card activity. Another benefit of linking all your accounts is the ability to monitor debt and interest charges. With a clear understanding of your debt, you make a critical step towards building a better financial future.

3. Consider automatic deposits

Personal finance experts recommend thinking ahead to help prepare for unexpected expenses, and to finance significant purchases. The idea of setting up emergency and sinking funds is all about keeping a steady balance of savings to avoid future financial shortfalls. 

A great way to ensure you’re saving a portion of your paycheck each month is to establish an automatic deposit into a dedicated emergency fund savings account. With an automated savings plan, your bank will deduct a specified amount on payday – as per your instructions – and divert the funds to your dedicated savings account. Doing this automatically and on a recurring basis removes the temptation to spend beyond your budget.

4. Minimise debt

With the proliferation of ‘buy now pay later’ services, it can be tempting to make purchases without thinking through the financial repercussions. If you need to borrow money to finance a purchase, a simple rule of financial discipline  is to stop and ask yourself if you really need the item right now. Delaying the decision to purchase can help prevent the problem of having to pay for the debt you’ve incurred down the track. Consider paying by cash or debit card and spending your own money rather than borrowing to spend.

Humaniti can help you stick to your budget by surfacing the key information you need to help keep your expenses in check and be more disciplined about unnecessary spending. The more money you can save and invest today, the better your chances of creating a brighter financial future.

* Disclaimer – the information in this post is general only and does not constitute financial advice. 

How much do you need to retire comfortably in Australia?

3 mins read

Setting yourself up for a comfortable retirement 

In the first few years of your career, retirement is probably the furthest thing from your mind – but it’s the best time to be thinking about it. If you want to live comfortably in retirement, planning well ahead is essential. So how much do you really need to retire in Australia? 

To work out the size of your nest egg, imagine the lifestyle you’d like to enjoy when your working days are over. Will you own your home? Drive a late model car? Enjoy an active social life and stay connected with family? The Association of Superannuation Funds of Australia (ASFA) would describe this as a comfortable lifestyle and provides a guide for your super balance at retirement for couples and singles.

The ASFA’s Retirement Standard takes into account a range of costs including the daily essentials of running a home, maintaining a car, private health insurance, social activities and regular travel.

Retirees with lower super balances will be able to cover their daily essentials but may need to trim back some of the ‘nice to have’ lifestyle options such as regular dining out, overseas travel or the latest model car. 

How much do you really need to retire in Australia?

So how much is enough to fund the retirement lifestyle you’re seeking? According to the latest ASFA estimates (March 2022), the minimum annual cost of a comfortable retirement is $46,494 for singles and $65,445 for couples. These estimates are for retirees aged 65-84 who own their homes. As a lump sum, this will mean a retirement nest egg of $545,000 for singles and $640,000 for couples.

Super Consumers of Australia have slightly lower figures, suggesting a lump sum of $301,000 for singles and $402,000 for couples will ensure enough annual income to fund a comfortable retirement. Both organisations base these estimates on the assumption the retiree owns their home.

Lump Sum



Lump Sum



Annual Cost



Annual Cost



ASFA $545,000 $640,000 $46,494 $65,445
Super Consumers Australia $301,000 $402,000 $44,000 $64,000

Know your financial position and net worth

In calculating your own lump sum requirements for retirement, you will need to factor in your current financial position and net worth. This means including any credit card debt, personal loans and the amount owing on your mortgage. Once you have a clear view of your current position you will be able to plan accordingly to ensure you’re on track to meet your desired post-retirement income.

Another consideration is how long you are likely to live after you’ve retired. According to the latest data from the Australian Bureau of Statistics (ABS Life Tables 2018-2020), the average Australian male aged 50 today is expected to live to at least 83 years of age and a female aged 50 today to at least 86 – or around twenty years after retirement age. 

Retirement calculators will estimate how you’re currently tracking based on age, income, current super balance, employer contributions and more. These estimates can be a handy guide to help you decide how you can adjust your contributions, but remember the calculations are a snapshot in time and your circumstances will no doubt change between now and retirement age. Good practice is to regularly check in on how your super is tracking as part of annual budget reviews.

How Humaniti can help

Humaniti’s mission is to help people to get more organised and plan a brighter financial future. By linking your banking, share trading, superannuation accounts and adding your property or any other assets or liabilities you have, Humaniti will provide an up to date view of your net worth. You will be able to see your current superannuation balance and understand your outstanding debt. Having a clearer view of your personal financial position is crucial to budgeting and planning for retirement. 

You will also be able to understand how your super balance compares to other Australians like you. You’ll be able to monitor your net worth and superannuation balance over time. This can help you understand whether making additional super contributions is appropriate to your circumstances. 

As an added benefit, once you have linked your accounts, Humaniti will categorise your spending to give you a clear view of your spending habits and identify any additional opportunities to save. When it comes to enjoying a more comfortable retirement, every additional investment in your super will make a real difference. 

The amount required for retirement is different for each individual and household as it depends on the current financial circumstances of those involved. Many factors determine how much you would need to save to ensure the retirement lifestyle you desire. 


* Disclaimer – the information in this post is general only and does not constitute financial advice. 

4 key benefits to saving money for the future

3 mins read

How saving today will brighten your financial future

Think of your savings plan as a roadmap to help you reach a specific financial goal. You may have a major purchase in mind or want to establish a financial contingency plan in the event of unforeseen expenses. Either way, knowing you have the choice of using part of your savings rather than incurring unexpected debt will mean less financial stress.  

When you’re ready to create a savings plan, consider using a well-established budget approach that has been tried and tested over the years, such as the 50-30-20 method. Whatever approach you take, having a savings plan in place has many positive benefits to help you achieve a brighter financial future. Here are four of our favourites:


1. Being prepared for irregular expenses

Just when you thought your finances were nicely on track, along comes a surprise expense that throws you off balance. Unexpected, irregular expenses can potentially create a financial headache if you don’t have a pool of savings to draw from. One way to avoid the stress of unanticipated expenses is to set up a sinking fund with a buffer which can be used to cover both planned and unplanned expenses. 

By categorising your transactions, Humaniti can help you understand your expenses in detail so you can discover areas of potential cost saving. One example is our subscription feature which helps to identify recurring payments for publications or entertainment services. You may decide to cancel one or two subscriptions and make some substantial cuts to your regular spending. Small, recurring payments add up to a surprising amount over a 12-month period. 

2. Funding major purchases

Savings plans are most commonly used to cover the cost of large purchases that would otherwise require taking out a loan. The obvious financial benefit is that by avoiding a personal loan, you also avoid paying significant amounts of interest. 

One common major purchase is buying a new car. If you think well ahead and set up a savings plan, you will have time to accumulate the necessary funds. With enough lead time, you may also be able to invest some of your savings short term and earn additional interest. You may even be able to negotiate a better deal by having the cash on hand. Even if you don’t save quite enough to purchase your dream car outright, having a substantially reduced personal loan will mean less interest to pay.

Humaniti can help by providing a clear view of your current financial position to ensure you’re on track with your savings plan and goals as well as understand the bigger picture of your personal finances. Our simple dashboard provides a 360° view of your financial situation which means if you stick to your financial plan, you can watch your savings grow, your debts reduce and your overall net worth increase. 

3. Boosting your retirement savings

A savings plan can help fund your superannuation and contribute to a more comfortable lifestyle in retirement. From time to time, you may consider supplementing your superannuation balance by making additional contributions, and there may be tax benefits for doing so. Start early in planning for a comfortable retirement and you will see a significant impact on the amount of funds you can accumulate over your working life.

By linking your superannuation account to Humaniti, you will gain insights into how your super balance compares to other Australians like you. By keeping a closer eye on your super balance and how it compares, you can decide if allocating additional savings to your superannuation is an appropriate financial decision for your circumstances.

4. Saving for your future home

When you buy a home you will need to make a significant payment up front as a deposit. If you have saved enough funds to cover the deposit, you will reduce the amount you need to borrow and may qualify for lower interest rates. A smaller mortgage will mean less interest over the term of your loan, and you will start your home ownership journey with more equity in your home.

When you securely link your transactional and savings accounts to the Humaniti personal finance app, you will better understand your spending and have a clear view of your savings over time. In addition, if you own a home and have a separate mortgage account which is also linked to Humaniti, you will have an accurate and up-to-date view of your overall net worth. 

There are many upsides to having a savings plan in place, and with your accounts linked to Humaniti, you will be able to track your financial activity against your savings plan. Humaniti will automatically categorise your transactions and provide a 360° view of your finances to help you manage your money and build a brighter financial future.


* Disclaimer – the information in this post is general only and does not constitute financial advice. 

Why budgeting is important

2 mins read

Top 5 reasons why personal budget planning is important

The most important step on the path to financial security is creating a budget. Put simply, a budget is a spending plan that will help you live financially within your means. It will put your income to work by allocating what you earn to expenses and savings. 

Most of us think we know where our money is going, but creating a budget takes out the guesswork.  Here are the top five reasons why you should start budgeting today.


1. Budgeting helps you manage and minimise debt

When you prepare a budget, allocate a portion of your income to finance the expenses you know are coming so you don’t take on new debt. You may also want to put some of your income to savings which can help you pay off any existing debt. One popular budgeting method is the 50-30-20 approach where 50% of your after-tax income is allocated to needs, 30% to wants, and 20% to savings. When you have the balance right you will start to see both your debt and your savings in better shape.


2. Budgeting helps prepare you for emergencies

With an appropriate budgeting plan, you can aim to contribute a certain portion of your income each month towards your emergency fund. In the event of a crisis, having enough money to cover your living expenses for three to six months will help keep you financially sound. Creating a budget and sticking to it will help you bolster your finances for unexpected situations. 


3. Budgeting helps you be more disciplined with your spending

It is often said that if you don’t track something, you can’t measure it – and the same is true with our spending. A budget helps you focus on how much you’re spending and in which areas. When you know your budget limits, you will be more disciplined at times when you are tempted to splurge. You may also discover ways to reduce outgoings each month which can bring you closer to achieving your financial goals.


4. Budgeting helps build your retirement savings

With your budget in place, you may choose to invest some of the extra funds you are saving into a longer term goal such as superannuation. The bigger your nest egg, the more likely you will enjoy a comfortable lifestyle during your retirement. When you contribute additional money each month to your super fund on top of your employer’s contribution, you can supplement your retirement income.


5. Budgeting helps you achieve your financial goals

Whatever your financial goals, your best chance of achieving them is by closely following your budget. Month by month you will see the savings build and before you know it you will have the necessary funds for that overseas holiday, the new car you’ve been dreaming about, or a solid starting point to fund your children’s education. A budget is simply a plan to achieve a brighter financial future and when you stick to the plan, the benefits will come. 



At Humaniti, we want to help you create a plan to get a handle on your spending and achieve your financial goals. Your financial health will see a significant improvement once you set a budget and stick to it. Humaniti’s personal finance and budgeting app can help with that first important step of budget planning as well as the ability to easily track where your money is going each month.



* Disclaimer – the information in this post is general only and does not constitute financial advice. 


Learn to Calculate Your Net Worth

4 mins read

Understand and learn to calculate your net worth

What is your net worth?

Simply put, your net worth is what you own less what you owe. Or, in other words, calculate your net worth by summing the value of all your assets and then subtracting the sum of any liabilities you have. E.g. The total value of your house, your car, any savings or funds in your bank account, shares you own and any other assets, LESS any debts – e.g. your credit card debt, mortgage debt, short term loans or any other liabilities.

Just because someone has a high net income, that doesn’t mean that they have a high net worth. They could have a number of liabilities that reduce their net worth.

Who should calculate their net worth

It’s never too early to take the reins of your finances. Figuring out your net worth and closely monitoring it can give you the leg up you need to improve your financial future. You could look at your net worth figure as a report card that helps you evaluate your financial progression and ensure you are trending upwards over time. Anyone committed to achieving their financial goal should regularly calculate their net worth, including:

  • Students
  • Young professionals
  • Parents
  • Middle-aged workers
  • High-income earners
  • Retirees

Why it can help to understand your net worth

To get a better understanding of your personal finances, it’s can be very beneficial to get a solid understanding of your financial position. With a view of your net worth, you’ll understand your baseline and be able to get a better gauge on your current financial position. Better still, once you have your baseline, you’ll be able to track your position over time. Knowing your net worth is vital to:

  • Understand your baseline and learn the true state of your finances.
  • Determine if you have enough savings to cover emergencies.
  • Better understand any debts you need to reduce.
  • Track how you’re progressing over time.
  • Inform your budgeting.

These are only some of the main benefits of calculating your net worth, but those alone  indicate why financial advisors and analysts consistently use this wealth indicator.

How to calculate your personal net worth

There’s no major rocket science to this one. Instead, it requires that you take an inventory of everything you own and everything you owe. Once you’ve collated your list, determine the values of each asset and liability and subtract total liabilities from total assets.

Total assets – total liabilities = Net worth


Assets and liabilities to consider when calculating your net worth

When creating an inventory to calculate your net worth, these are some assets and liabilities to include:


  • Your savings balance in your savings accounts.
  • The balance in your checking/current accounts.
  • Balances in any retirement accounts you have created.
  • Superannuation balance(s).
  • The market value of your home (if you own one).
  • If you own any investment properties, the market value of the property.
  • The balance of any share investment accounts.
  • The market value of any cryptocurrency, gold, art, jewelry, or any other alternative assets that you own.
  • The value of any transportation assets you own – cars, motor bikes, boats, etc.
  • Value of your ownership stake in any businesses you own, or part own.


  • The balance of any loan you have (mortgage, car loan, student loan, or any other loan).
  • The value of any cash debt you may have.
  • Any outstanding balance on credit cards.
  • Tax liabilities you may have incurred that are outstanding.
  • Any other debt you may have.

How often should you figure out your net worth?

Depending on your lifestyle, personal situation and financial goals, you might want to calculate your net worth monthly, quarterly or yearly. Both internal and external forces play a role in your net worth, so it is important to calculate your net worth consistently at a rate that suits your circumstances. Recalculating your net worth after incurring a big, once-in-a-lifetime expense that drastically affects this figure should also be considered.

If the process of how to calculate your personal net worth manually seems time-consuming and challenging, let us help you out. Humaniti can do it for you at the click of a finger!

How Humaniti can help

Humaniti’s personal finance and budgeting app can take the hassle out of calculating your net worth and tracking it over time. When you connect your financial accounts, the total values of your assets and liabilities will be automatically populated for you on your dashboard. If you have other assets or liabilities, you can add the values manually. Once all your assets and liabilities have been added, Humaniti will automatically calculate your net worth and track it over time.

Net worth calculator
Your net worth is automatically calculated.


Furthermore, Humaniti’s mission is to help you to build a brighter financial future by aiding you in:

  • Understanding how you are spending.
  • Discovering a 360° view of your finances. 
  • Comparing your Super to Australians like you so you can understand if you need to adjust your contributions to plan for a more comfortable retirement. 
  • Tracking your spending and subscriptions.
  • Effortlessly earning extra cash by taking surveys.

Check out this article to learn more about how Humaniti can help you manage your personal finances.

If you are ready to calculate your net worth with minimal effort and take control of your financial future, download Humaniti today and sign up for our services. Have some questions? Read through our FAQs or contact us, and we’ll get back to you as soon as possible.


Humaniti is a personal finance and budgeting app, not a financial advise solution.  This article is provided for general information purposes only. Consider seeking independent financial, taxation or other advice from a qualified advisor where you require assistance relating to your unique circumstances.


Track your spending to learn where you can save

2 mins read

Understand where you’re spending to spend less and save more

When it comes to managing your personal finances, it’s essential to have a clear view of where your hard-earned cash is going.

An easy way to review your outgoings is to safely link your bank accounts through the Humaniti app and let us do the tracking and sorting for you. Each time a transaction occurs, the amount will be allocated to a category so you can see how much is being spent on items like transport, groceries, bills and lifestyle. You can drill down further to see the detail of each transaction or the category over a certain timeframe. If you are trying to stick to a monthly budget, aligning your monthly spend in real transactions is a great way to keep things balanced.  

Transactions are automatically grouped into the most common categories and Humaniti’s smart tools also give you the option to manually create your own. To dig deeper into the detail, simply select the category you wish to review. For example, the Fees and Charges category will show you how much you’re paying in credit card interest and charges each month. Setting up your repayments to ensure they’re paid in time could save you hundreds of dollars in late fees over a 12-month period. 

spending categories chart


Another tip is to review the Subscriptions category to see if there are any recurring payments you may have forgotten about or services you no longer need. Eliminating just one magazine subscription or a fitness app you never use could free up extra cash to divert to your super account or another long term investment.


So what are you waiting for? Track your spending, grow your savings and get started on creating a brighter financial future.

Use a personal finance app to improve your financial position

6 mins read

Using a personal finance app can greatly help you understand and improve your financial position. This post introduces the topic of a personal finance app. It explains how using one can hugely assist you on your journey towards greater financial freedom.

Humaniti offers a free personal finance app

Getting a handle on your financial position so that you can improve it, has always been important. The challenges we’re experiencing right now make it even more important than ever. With the continued challenges posed to the Australian and global economy by the corona virus, understanding and improving your financial position is becoming a hot topic for a growing number of Australians.

Improving your personal financial position can give you greater security during challenging times. That’s truer again when the risk of a job loss, reduced hours, or a lay off is all too real. Even if you’re in a different stage of life, and are thinking ahead about retirement, understanding your financial position is also critical. A personal finance app can help!


Understand your financial position with a personal finance app

If you want to complete a jigsaw, you’ll need to piece together all the pieces to create the finished article. The same concept applies to understanding your financial position. Traditionally, getting an understanding of your net worth and financial position required a lot of manual effort. Piecing together your financial footprint in excel or with a financial advisor isn’t easy.


These days, many of us have more than one bank account. We may have a credit card (or cards) or a savings account with a different institution to our transaction bank account. Then there’s a mortgage or shorter term debt. More again with multiple superannuation accounts, share trading accounts, or other financial and non-financial assets or liabilities. We invest in different asset classes compared to ten years ago like cryptocurrencies. Our personal financial situation is no longer limited to one institution. This can make piecing together the pieces of the puzzle to create a holistic view of your financial situation very difficult….until now. Enter the personal finance app!


How a personal finance app can help

A personal finance app is exactly what it sounds like. It’s an application (iOS, Android or a website), that should help you get a better understanding of your financial position. It should ease understanding your spending, and help you manage your personal finances. Beware however, as not all apps are equal.


What you should expect

The ability to gain a holistic view of your net worth

Without a personal finance app that’s easy to use and facilitates a clear view of the entirety of your personal financial situation , it’s likely that you’d need to piece this together in excel. Or maybe on old school pen and paper! You’ll need to login to many different financial institutions to understand your assets and liabilities. Then you’ll need to capture the balance at that point in time. With an app, instead of doing that manually, you should expect to be able to easily collate a 360 view of your financial position, in a fast and easy manner.

An up-to-date view of your financial position

The problem with manually collating a view of your financial position, or apps that require manually inputting your assets and liabilities, is that it’ll be out of date the second you close that excel sheet and head for a coffee. An app with connections to your financial institutions however, will always have an up to date view of your position, without requiring manual input.

Transparency on your spending

Understanding where you’re spending, and what you’re spending your hard earned cash on is important. While your banking website or app may show you the transactions, it probably won’t help you easily understand exactly how and where you’re spending. Remember that subscription service you signed up for a few years ago that’s deducting quarterly fees? Maybe you don’t. You should be able to see a summary and the detail of your spending. That will ensure you’re crystal clear on your expenses and ongoing subscriptions.

A coherent summary of your income and expenses

Managing your personal cash flow can be difficult. Without a logical and uncomplicated summary of your cash flow situation, you’re likely to be flying blind. The best personal finance apps should help you by summarising your income streams and your  expenses.

A secure and safe solution

As with any situation that involves your financial information, you should expect extremely high security standards, similar to that of a bank. A secure solution will ensure any prying eyes can’t gain access to view your financial position.

Free or paid solutions

Last but not least, expect most services to offer a free or paid service. Those that offer free solutions will likely try up-sell alternative products to you. Paid services will require an ongoing subscription for access to their ‘premium’ add-ons.

 Humaniti is free, safe and secure and will never try to sell you anything.


Build a brighter financial future with Humaniti!

Humaniti offers a personal finance app that is free, safe and secure, and can help you get a greater understanding of your financial position within minutes. With greater insights on your spending, you can stick to your budget. Unlike other financial products, Humaniti will never try to sell you anything.

Humaniti can help you to..

  Easily discover your net worth and track it over time
  Quickly compare your Super to other Australians like you
  Track your spending and learn where you can save
  Earn extra cash every week by completing surveys that are relevant to you
  Get a clear and comprehensible picture of your financial position


How does Humaniti’s personal finance app work?

Once you’ve registered an account, you’ll then be prompted to link with your financial institutions. This will help you get a holistic view of your net worth and spending, Link your bank accounts, super accounts, and any share trading accounts you use to create a 360 degree view of your net worth. Furthermore, you’ll also get a view of  where and how you’re spending in minutes. If you were to try to do this manually, it would probably take a few hours. You’d need to log into multiple different accounts. Even then, you’d never get the clear view and comprehensible insights on your spending and superannuation that Humaniti offers from it’s dashboard immediately after you link your accounts.


What about security? 

When you link your financial institution accounts with Humaniti, your login details are never saved. No transactions can ever take place using your Humaniti login details. In addition, Humaniti uses bank level encryption technology, and partners with security experts to ensure your information is safe and secure at all times. Humaniti is also compliant with the Australian privacy act. 

Humaniti is a secure, safe and compliant personal finance app



What Humaniti’s members are saying

This is a fantastic secure tool where it’s possible to track bank balances, superannuation balances loyalty balances and much more with one login. I wasn’t aware anything like this existed and everyone should have access to this one stop shop. I love it.

Kevin (WA)

“Initially I was attracted by the earning of rewards but after exploring the site I was very impressed with the tracking and analysis of my spending, which has provided me with great help in that area. After more research I also feel very good about the charitable aspect of the site.”

Lisa (NSW)


81% of our members would recommend Humaniti to their family and friends! 

Join the community of over 13,000 Australians who are loving Humaniti’s personal finanace app

The Humaniti app is available on iOS, Android and web platforms.  Become more organised. Plan a brighter future. Earn cash rewards for completing surveys, and help make the world a better place.



One in four drinking less

< 1 min read

Humaniti’s personal finance app users recently completed a survey regarding their consumption of alcohol during the lockdown. The survey results were published in The Courier Mail. The article is re-published below.

Courier Mail article image featuring Humaniti survey results concerning alcohol consumption during lockdown.