Budgeting and financial management software for Australians
Your bank balance shows how much money you have right now. It does not show where it is going, what is coming up or whether you are getting any closer to your goals.
TaxTank’s Money Tank brings your income, spending, bills, budgets and financial goals together so you can see the bigger picture throughout the year.
Now you can manage your everyday money while keeping it connected with your work, business, property, investment and tax information.
- No Credit Card Required
- Built for Australian Finances
More than a budget that looks good on payday
Money Tank helps you see what is actually happening with your money, not just what you planned to spend before life got involved.
With Money Tank, you can:
- Connect eligible bank accounts
- Track income and spending as transactions are imported
- Create personal, household, property, work and business budgets
- Set rules to allocate recurring transactions automatically
- Monitor upcoming bills and payments
- Compare budgeted amounts with actual results
- Set savings, debt, equity and LVR goals
- Store bills, receipts and supporting documents
- Connect your budgets with the other TaxTank tools you use
Add Work Tank, Sole Tank, Property Tank or Holdings Tank to manage those areas and include the relevant information in your estimated individual tax position.
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 eligible Australian bank accounts 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 include much more than household spending.
You might earn a salary, run a side business, own an investment property or manage several different income streams. Trying to understand everything through one general household budget can quickly turn into a very colourful spreadsheet.
Money Tank allows you to create budgets for the areas that apply to you, including:
- Personal and household spending
- Regular bills and subscriptions
- Employment-related expenses
- Sole trader income and expenses
- Investment property income and expenses
- Savings and debt repayments
- Multiple income streams
- Other financial commitments
You can view individual budgets when you need the detail or bring them together to understand your broader financial position.
When you add the relevant TaxTank Tanks, your budgets remain connected with the records used to manage your work, business, property and investment information.
Stay ahead of bills and keep your goals moving
A bill is much easier to deal with before the reminder email turns red. A financial goal is also easier to reach when you can see whether you are actually moving towards it.
Money Tank keeps your regular bills, upcoming payments and other financial commitments alongside your budgets and transactions. You can see what is due, compare expected costs with what was actually paid and understand how upcoming bills may affect your available cash.
At the same time, you can create and monitor goals for emergency savings, holidays, major purchases, home deposits and debt reduction. Property investors can also track equity and loan-to-value ratio targets alongside their other financial information.
This helps you plan for what needs to be paid now without losing sight of what you want your money to achieve next.
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 tells you what happened after takeaway, fuel, school costs and that subscription you forgot about had their say.
Money Tank compares your budgeted amounts with your actual income and expenses. You can quickly see which categories are over or under budget, where regular spending has changed and whether unexpected costs or lower income have affected your available cash.
Review the transactions behind each result, identify where the difference came from and adjust your budget when your circumstances change.
Your budget should work with your real life, not make you feel guilty for failing to predict it perfectly.
Connect budgeting with your tax and financial position
Most budgeting apps stop after showing where your money went.
TaxTank can connect your budgets with the other parts of your financial life, including your employment, sole trader activities, investment properties, shares and cryptocurrency.
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.
When you use the relevant Tanks, TaxTank automatically calculatesyour live individual tax position throughout the year.
Money Tank manages the budgeting and personal finance side. Your other Tanks manage the tax information that applies to your circumstances. Together, they give you a broader view than a standalone budgeting app.
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 $72 per year, 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 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.