Budgeting and financial management software for real life
Your bank balance shows what you have. TaxTank’s Money Tank shows where it’s going, what’s coming up and how your goals are progressing.
Bring your income, spending, bills and budgets together, with a clearer view of your everyday money.
- No Credit Card Required
- Built for Australian Finances
More than a budget that looks good on payday
Money Tank helps you see what’s actually happening with your money, not just what you planned before life got involved.
Connect eligible accounts, organise income and spending, and create budgets for your household, work, business or properties. Keep bills and supporting documents with your records, compare the plan with actual results and track progress towards your savings and debt goals.
One account. All the moving parts. Far fewer mystery expenses.
Money Tank finally gave me a clear view of my spending and helped me stay on track with my savings. Paired with Property Tank, I also get real-time tax insights so that's awesome as well, especially with the upcoming tax changes for property investors!
As seen in
Manage more than your monthly budget
Money Tank includes the tools you need to understand your spending, plan ahead and keep your financial goals connected with what is actually happening in your accounts.
Personal and Household Budgets
Create budgets for everyday spending, household costs, bills and other areas of your personal finances.
Live Bank Feeds
Connect eligible Australian accounts through secure Open Banking feeds and import transactions ready to be reviewed and categorised.
Automatic Transaction Rules
Create rules for recurring income and expenses so regular transactions can be allocated to the right categories automatically.
Bills and Payments
Keep track of upcoming bills, payment dates and regular commitments before they become unpleasant surprises.
Financial Goals
Set savings, debt, equity and LVR goals, then monitor your progress using the information recorded in TaxTank.
Budget Variance
Compare your budget with your actual income and spending to see where you are ahead, where you are behind and where the plan may need adjusting.
See where your money actually goes
It is easy to create a budget. Sticking to one gets considerably more interesting once groceries, electricity, insurance and life in general get involved.
Money Tank connects to live bank feeds and imports transactions so you can see what you actually earned and spent.
You can categorise transactions, create allocation rules and group expenses in ways that reflect how you manage your money. Instead of relying on a budget that was created once and forgotten, you can compare your plan with your actual results throughout the month.
See which categories are running over budget, where you have room to move and what may be affecting your cash flow before the end of the month arrives.
Build budgets around your real financial life
Your finances may stretch beyond the household budget. A side business, rental property or several income streams can quickly turn one spreadsheet into a very colourful project.
Create separate budgets for personal spending, regular bills, work expenses, sole trader activity or investment properties. Include savings and debt repayments, then review each budget on its own or bring them together for the broader picture.
Stay ahead of bills and keep your goals moving
A bill is easier to deal with before the reminder email turns red. Keep regular commitments and upcoming payments alongside your budgets, so you can see what’s due and how it may affect your available cash.
At the same time, track goals for emergency savings, holidays, a home deposit or paying down debt. Property investors can also monitor equity and loan-to-value ratio targets.
Slow progress is still progress. At least now you can see it.
Compare the plan with what really happened
A budget tells you what you intended to do. Budget variance shows what happened after takeaway, fuel and school costs had their say.
Compare budgeted amounts with actual income and expenses, review the transactions behind the difference and adjust when costs or circumstances change. Your budget should work with real life, not punish you for failing to predict it perfectly.
Connect budgeting with your tax and financial position
Money Tank manages budgets, spending, bills and goals. Add the other Tanks that apply to you to connect that everyday view with your work, business, property, investments and calculated tax position.
Manage Australian and foreign rental income, expenses, loans, depreciation, ownership information, property performance and capital gains.
Manage Australian and foreign sole trader income, expenses, invoices, GST, BAS information, assets, loans and business deductions.
Manage all employment income, PAYG withholding, work-related deductions, home office records, vehicle expenses and HELP repayments.
Manage Australian and foreign shares, cryptocurrency, investment income, and all assets with automated CGT calculations.
Ready to take control of your money? Say goodbye to messy spreadsheets and stress, and hello to smarter budgeting and financial management.
One fixed price for Money Tank
Getting started with Money Tank is simple and affordable. For just $6 per month, you can unlock everything you need to budget smarter, stay on top of bills, and reach your financial goals.
- Free Trial
- No Credit Card Required
- Cancel Anytime
MONEY TANK
Simply add Money Tank so you can take control of your entire financial world with a smarter way to budget.
$6/month
Paid Annually
See why Australians use TaxTank
TaxTank helps Australians replace disconnected spreadsheets, budgeting apps and financial records with one organised view of their money, tax, properties, businesses and investments.
It's literally about 10 minutes a week to allocate transactions and I'm on top of my paperwork which means no more spreadsheets or tax time stress.”
Frequently asked questions
What is budgeting and financial management software?
Budgeting and financial management software helps you organise income, expenses, bills, budgets and financial goals through one platform.
Money Tank allows Australians to connect eligible bank accounts, categorise transactions, create budgets and compare planned spending with actual results.
What is the best budgeting software in Australia?
TaxTank is the best budgeting software if you’re looking to manage more than everyday spending. Money Tank brings budgets, bills, cash flow and financial goals together, including budgets for your household, work, business and investment properties.
Add the relevant Tanks to connect those budgets with your live calculated tax position. You can see where your money goes and what it means for the rest of your finances.
What does Money Tank do?
Money Tank helps you manage personal budgets, household spending, bills, income, transactions and financial goals.
It also allows you to create budgets for work, sole trader activities and investment properties, then connect those budgets with the relevant TaxTank tools when you add other Tanks.
How is Money Tank different from other budgeting apps?
Most budgeting apps focus on tracking personal income and spending.
Money Tank forms part of the TaxTank ecosystem so when used with the other relevant Tanks, you can get a complete view of your financial position.
This gives you a broader view of your finances than a standalone budgeting app.
Does Money Tank calculate my tax?
Money Tank manages budgets, spending, bills and financial goals. It does not calculate your tax by itself but it can track any goals you set for tax.
To include tax calculations, add the Tanks that apply to your circumstances. Work Tank manages employment tax information, Sole Tank manages sole trader activity, Property Tank manages investment properties and Holdings Tank manages supported share and cryptocurrency activity.
Can I connect my bank account?
Yes. You can connect eligible Australian accounts through secure Open Banking feeds.
Transactions are imported into TaxTank ready to be reviewed, categorised and allocated. Transactions can also be entered manually when required.
Can I create more than one budget?
Yes. You can create budgets for different parts of your financial life, including personal spending, household expenses, work, sole trader activities and investment properties.
You can review budgets separately or bring them together for a broader view.
Can I compare my budget with my actual spending?
Yes. Money Tank allows you to compare budgeted amounts with your actual income and expenses.
This helps you identify overspending, changes in regular costs and areas where your budget may need to be adjusted.
Can Money Tank track bills?
Yes. Money Tank allows you to record and monitor bills and upcoming payments alongside your budgets and transactions.
This can help you plan for regular commitments and reduce the risk of missed payments.
Can I set savings and debt goals?
Yes. You can set and monitor goals for savings, debt reduction and other financial priorities.
Money Tank also supports property-related goals such as equity and loan-to-value ratio targets.
Can I use Money Tank for an investment property?
You can use Money Tank to create and monitor a property budget.
Add Property Tank if you also want to manage rental income, deductible expenses, loans, depreciation, ownership information, property performance and supported tax calculations.
Can I use Money Tank for my sole trader business?
You can use Money Tank to budget for business income and expenses.
Add Sole Tank if you also want to manage invoices, business transactions, GST, BAS information, assets, depreciation, loans and sole trader tax calculations.
Can I use Money Tank with Work Tank?
Yes. Money Tank and Work Tank can be used together.
Money Tank manages your budgets, bills, spending and goals, while Work Tank manages your employment income, PAYG withholding, HELP repayments and work-related deductions.
Is my financial information secure?
TaxTank uses security measures to protect the information stored in your account.
Eligible Australian bank accounts are connected through secure Open Banking feeds, and multi-factor authentication can be enabled for additional account protection.
How much does Money Tank cost?
Money Tank costs $72 per year, equivalent to $6 per month paid annually.
Bundle discounts apply if you add other Tanks to manage your employment, business, properties or investments.
Is there a free trial?
Yes. You can try TaxTank free for 14 days without entering a credit card.
See where your money goes, flows and grows
Your finances are easier to manage when your budgets, spending, bills and goals are not scattered across different apps and spreadsheets.
Money Tank gives you one organised place to see what is happening with your money and how you are progressing throughout the year.
Add the other Tanks that match your circumstances to connect your budgeting with your work, business, property, investment and estimated tax information.
You don’t need another spreadsheet. You need a better view of your money.