Do I Need a Financial Advisor?
Before hiring a financial advisor, see how MyBudget helps Australians take control of bills, debt and savings.
I do not want to receive free budgeting and money tips
Free appointment | No long-term, lock in contracts
Michelle & Phil
MyBudget clients
When MyBudget May Be the Right First Step
If managing bills, reducing debt or building savings is your immediate priority, you may not need a financial advisor first. MyBudget combines a personalised 12-month plan that fits your life, a client app that shows what is ahead and real Money Coaches to support you towards your goals.
Kim & Bob
MyBudget clients
Day-To-Day Money Management, Done for You
MyBudget puts your plan into action with practical, day-to-day money management.
- Bills Paid on Time
Avoid missed due dates and late fees
- Reduce Debt Faster
Structured repayments help reduce interest, fees and charges.
- Build Savings and Reach Goals
Set aside money for what matters most
Take control today and plan for your future with confidence.
Book Your Free Appointment
Erin & Adam
MyBudget clients
Is a Financial Advisor Right for You?
A financial adviser may be right if you need advice about investments, super or long-term wealth planning. If you need practical help with everyday money, MyBudget may be the right place to start.
- Still Living Pay to Pay? You earn a good income but struggle to get ahead
- Overwhelmed by Bills or Debt? You want a clearer way to manage repayments and expenses
- Unsure How to Reach Your Goals? You want a realistic plan for saving and the future
If this sounds familiar, MyBudget can help.
Book Your Free Appointment
MyBudget vs a Financial Advisor
MyBudget and financial advisers can both support longer-term goals, including retirement, but in different ways. MyBudget helps make room in your everyday budget to fund those goals, while a financial adviser can provide personal advice about super, investments and other financial products.
| Feature | MyBudget | Financial Adviser |
| Main Focus | Visibility, structure and hands-on support for cash flow, bills, debt and savings, so you can fund goals now and beyond the next 12 months. | Investments, super, insurance, retirement and long-term wealth planning, including market performance and tax considerations. |
| How It Works | We create a personalised 12-month budget, then Money Coaches help put it into action by managing bills, structuring debt repayments, growing savings and planning ahead. We can also speak with creditors. | They create a financial strategy and may recommend products. Managing your daily budget, cash flow and funding the strategy usually remains your responsibility. |
| Support and Control | Stay in control with visibility through the client app and support from real Money Coaches who understand your situation and want you to succeed. | One-off or ongoing reviews within a formal advice process, focused on keeping the strategy aligned with your goals. |
| When It May Suit You | You want a clear picture of your finances, relief from money stress and admin, and real support to make progress towards the life you want. | You want personal advice about financial products, retirement or building wealth. |
Not sure which type of support is right for you?
A free appointment can help you understand whether MyBudget fits your needs.
Book Your Free Appointment
Before MyBudget, I felt paralysed by debt. Now my bills are paid on time, I have savings and peace of mind.
Sarah | MyBudget client
What Sets MyBudget Apart
MyBudget combines practical money management, a personalised 12-month budget plan and real human support to help you take control now and plan ahead.
Practical Money Management
We help manage bills, debt repayments and savings, taking the stress and admin out of staying on track.
See 12 Months Ahead
Your personalised budget and client app show what is coming, what you can afford and how today’s choices support your goals.
Real Support as Life Changes
Money Coaches understand your situation and adjust your plan as life changes, so you feel supported every step of the way.
Book Your Free Appointment
Leah
MyBudget team member
Real People. Real Support.
You’re not doing this alone. MyBudget Money Coaches provide practical, ongoing support to keep your budget working as life changes.
- Ongoing guidance and accountability
- Help when income or expenses change
- Caring, judgement-free support
Start with a Free 12-Month Budget Plan
Not sure whether you need a financial advisor? Book a free, no-obligation appointment and get a personalised 12-month budget plan showing what is possible with your money. It’s yours to keep.
Book Your Free Appointment
Financial Advisor FAQs
Can’t find what you’re looking for?
See more FAQs…
Do I need a Financial Advisor or budgeting help from a Money Coach?
If your priority is managing bills, reducing debt and creating financial stability, budgeting help from a MyBudget Money Coach is often the right first step. Financial Advisors are typically better suited to complex investments and long‑term wealth planning.
Can I use MyBudget if I already have a Financial Advisor?
Yes. Many clients use both. MyBudget manages day‑to‑day cash flow and budgeting, making it easier to follow and implement long‑term strategies created by a Financial Advisor.
When should I speak to a licensed financial adviser?
Speak to a licensed financial adviser or financial planner when you need personal advice about investments, superannuation, insurance, retirement strategies or financial products. MyBudget can support the practical side by helping organise cash flow, bills, debt and savings, giving you a stronger foundation for longer-term decisions.
Could MyBudget help if I earn a good income but still feel financially stuck?
Yes. A good income does not always make money easier to manage. If bills, debt, irregular expenses or money admin keep absorbing what you earn, MyBudget can build a personalised budget, manage payments and help direct more of your income towards savings and goals.
Can MyBudget help me plan beyond the next 12 months?
Yes. Your initial 12-month budget plan shows what is ahead, while MyBudget’s budgeting system can project potential debt-free dates and when you could reach savings goals. It can also include retirement goals, helping you understand how contributions may fit within your budget.
In The Media
MyBudget has been featured in leading Australian media and trusted publications.
Not judged or treated badly the customer support every time have been amazing like nothing I’ve experienced. Speaking to real aussies on the phone who genuinely care for you. I cannot thank my financial advisor for recommending MyBudget as this has saved me. I was one payment away from defaulting and this has saved my houses.
Joseph
MyBudget client
One of the BEST things I’ve done is joining MyBudget (seriously). The staff are professional and really want to help you with any money issues you may have and try and help you to start saving money. Do you want to get bills paid early and on time, save money for now and the future plus emergencies? YES… Money is important and MyBudget seems to handle and control my money better. Friendly staff with great advice.
Brian
MyBudget client
I recently joined MyBudget and so far I’ve had one of the best experiences with MyBudget, everyone I’ve spoken to so far has made me feel so comfortable and tended to every need and question I’ve had! Going into such a new thing I was quite nervous and not sure how it would work out and had a lot of anxiety around the situation but overall it’s been such an amazing and positive experience and I would highly recommend this to all my family and friends!
Isabella
MyBudget client
Important information
This page provides general information only. It does not take your personal circumstances into account and is not personal financial advice. For the scope and licensing of a particular service, check the service provider's current disclosures or contact MyBudget.
To talk through your own situation, call MyBudget on 1300 300 922 for a free, confidential, no-obligation appointment.
Get budgeting support
Do I need a financial advisor or a budgeting service?
It depends on your immediate priority. A licensed financial adviser is needed for regulated personal advice about investments, superannuation, insurance, retirement strategies or financial products. A budgeting service like MyBudget may be the better first step if your immediate priority is managing bills, reducing debt or building savings, since that is about day-to-day money management rather than product selection. These are not competing options — many people need one now and the other later.
Is MyBudget a licensed financial adviser?
MyBudget's official FAQ says it holds an Australian Financial Services Licence (AFSL) and an Australian Credit Licence (ACL), and provides general rather than personal financial advice. Its website identifies MyBudget Pty Ltd with AFSL and Australian Credit Licence number 391759. Holding these licences should not be confused with offering personal financial advice. Check the current provider disclosures for the service you are considering. Sources checked 18 September 2026: https://www.mybudget.com.au/faqs/ and https://www.mybudget.com.au/.
What does MyBudget not do?
MyBudget's official FAQ describes budgeting, bills, debt and savings support, and says it does not recommend specific financial products, investments, superannuation or insurance. For personal financial advice or product recommendations, it directs readers to a financial adviser. Check the relevant provider's current disclosures for the scope of a particular service.
What does MyBudget actually offer?
MyBudget combines a personalised 12-month plan that fits your life, a client app that shows what is ahead, and real Money Coaches to support you towards your goals. It puts the plan into action with practical, day-to-day money management, including bills scheduled and paid, repayments kept on track, and savings built alongside.
Why might it make sense to work on budgeting before getting financial advice?
There is a sequencing argument: advice about investing is difficult to act on while cash flow is unstable and high-interest debt is outstanding. Getting the foundation working first with a budgeting service usually makes any later financial advice more useful.
How can I find a licensed financial adviser?
ASIC's MoneySmart website publishes free, government-backed guidance on choosing a financial adviser and on what questions to ask, including how advisers are paid.
Where can I get help if my situation is primarily debt-related?
Free and independent financial counselling is available from the National Debt Helpline on 1800 007 007.
How do I get started with MyBudget?
To see whether budgeting support is the right first step, you can call 1300 300 922 for a free, confidential, no-obligation appointment. The personalised 12-month budget is free and yours to keep either way.
Is the information on this page personal financial advice?
This page provides general information only and does not take your personal circumstances into account. For the scope and licensing of a particular service, check the relevant provider's current disclosures or contact MyBudget.