Calculate your bills
Once you know how much your bills and essential expenses are, you can work out how much to set aside for them. You might like to use our Budget Planner to tally up these costs and split them into fortnightly payments, so you know how much you need.
Plan for the unexpected
If you’re not sure how much your bills might be, estimate the costs then add a bit extra. When you set your budget, make sure you account for your annual, monthly and quarterly bills so large bills don’t come as an unexpected shock. Don’t forget to factor in your annual car registration and services, visits to the dentist as well as events such as weddings and birthdays.
Automate your bill payments
It can be difficult to remember which bills have been paid and when the next ones are due, then when you miss them you are charged late fees. You can take some of the mental load out of bill payments by using BPAY, setting up a direct debit or scheduling a bill to be paid automatically.
You may find planning ahead easier if you can see all your bills in one place. If you’re with CommBank, you can do this with BPAY view, so you can see and track your bills together.
If you use the CommBank app, you might like to try Bill Sense, which predicts what bills you have coming up, based on your transaction history. You can add bills to your timeline so you can see what is due and when for the next 12 months. This can help you to set money aside for your bills.
Talk to your utility providers
If you find paying quarterly utilities bills difficult, It’s possible your utility provider other options. Get in contact with them to see if you can make fortnightly or monthly payments.