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  4. Help with Your Finances and Budget

Help with Your Finances and Budget

If you’re not sure where your money goes every week, it might be good to know that plenty of people feel the same way.

A budget helps you live within your means. It keeps track of the money you regularly earn and spend (rent, food, bills) and your disposable income – the money you spend on things you like.

Budgeting tips

  • Start with small, achievable goals that will keep you motivated
  • Pay your rent and other bills first before spending money on anything else
  • Make a list of what needs to be paid for on payday and stick to it
  • Before you buy, shop around and compare prices
  • Allow for unexpected expenses
  • Learn to say ‘no’ if you can’t afford it

Set realistic goals

A budget shows you exactly where your money’s coming from and where you’re spending it. Your budget may also show you where you might be able to cut your spending and save more.

Working out the right budget takes fine-tuning. Sometimes you’ll underestimate what things cost or have to allow for an emergency. It’s all about finding the right balance.

You also don’t have to go without. In fact, if you want your budget to be successful, make sure you give yourself the occasional treat, such as buying lunch on Fridays

Getting help

Once you’ve created your budget, monitor it for a few months to see if you’re on track. You may need to make some changes if you discover your real world expenses are more or less than expected.

The MoneySmart website  offers tips on budgeting, managing bills, getting out of debt, saving money, and living on a low income.

You can also call their free counselling service on 1800 149 689.

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This document outlines the direct debit arrangements between Master Builders Association of NSW Pty Ltd, ABN 11 074 397 532 (MBANSW) and you.

MBANSW is the registered Group Training Organisation and Apprenticeship Services arm of Master Builders Association of New South Wales, ABN 96 550 042 906 (Master Builders)

“You”, “your” and “Training Employer” refer to you, your company and business nominated in the table below.

This document outlines the direct debit arrangements between MBANSW and you.

Direct Debit Terms and Conditions

  • Your nominated account or credit card will be debited weekly for hosting a MBAS or MBAS+ apprentice or trainee.
  • The first debit to your account will occur within 7 working days of the MBAS or MBAS+ apprentice or trainee commencing their placement with your business.
  • If an invoice payment is due on a non-business day, it will be debited from your account on the following business day.
  • Training Employer account information held by MBANSW will be kept confidential. Please note that some information is provided to the MBANSW financial institution to initiate the debit to your nominated account.
  • MBANSW will give you a minimum of 14 days’ notice in writing of changes to these Terms and Conditions.
  • If you wish to make changes to this arrangement, please contact MBANSW on (02) 8586 3533.

Your responsibility in this arrangement

  • Ensure that your nominated account can accept direct debits (your financial institution can confirm this).
  • Ensure there are sufficient cleared funds in the nominated account on the drawing date.
  • Advise MBANSW in writing if the nominated account is transferred or closed.

Please note that if your payment is dishonoured by your financial institution, a re-draw will take place within 7 days.

Any transaction fees payable by MBANSW in respect to a dishonoured payment will be added to your account.


Please direct all enquiries to MBAS (02) 8586 3533 or apprenticeship@mbansw.asn.au;

Please include your phone and email address.

I/We authorise MBANSW to arrange for funds to be debited from my/our nominated account at the financial institution identified below.

This authority to direct debit will remain in place in accordance with these Terms and Conditions.