Ready, Set, Save with Sortli’s New Budget Calculator
Ready to start budgeting? Part of being independent means managing your cash so you spend less than you earn. This gives you spare cash so you can cover surprise expenses and save for something you want.
Following feedback from young people in Queensland, we have added a budget calculator to Sortli to help you work out where your money is going and how you can save more!
How Does it Work?
By entering your income and your different expenses in the app, you can work out what you’re spending your money on and whether your income covers your expenses. The different categories include:
Home and utilities
Personal and medical
Entertainment and dining
Health and fitness
Finance and insurance
- You are able to nominate the payment frequency for each item – weekly, fortnightly, monthly, quarterly or annually. Best of all, your data is saved safely online so you can access your information later! You can also see a full summary of your expenses and what percentage of your income goes to what expenses!
Why Prepare a Budget?
Having a budget that details your income and expenditure will help you to maintain control of your finances and, if necessary, help to illustrate the problems you may be having with your creditors. It’s true that your debt problems won’t be solved by the fact that you have a budget alone. But beginning with this basic information about the reality of your current situation is essential.
Want to know more about all things money? CREATE Your Future has a section dedicated to money and finance.
Sortli is a pocket guide companion to services and support. It provides a step-by-step guide for all the important areas of a young person’s life, such as finding a place to live, looking after their health, managing their budget, finding a job, doing training or education and general life skills. Sortli can be downloaded from Apple, Android and Windows stores. Notifications will be sent to app users each time the app is improved or updated.
Tell us what you think
We are always looking for suggestions for how we can make sortli better! Whether you’re a young person leaving care, or a support worker please email firstname.lastname@example.org with any wonderful suggestions you may have.