Quickly and easily build a budget online to understand what you can afford

If you're experiencing technical difficulties, please contact our support team by emailing [email protected].

Open Wrks My Budget Consumer Mobile Hero

How to get started with MyBudget

1. Get an invite from your lender or supplier

If you're applying for finance or setting-up payment arrangements, you might be asked to create a budget with MyBudget. We work with your lender or provider so that you can get an outcome that's affordable for you.

If you haven't been sent to MyBudget by your lender or supplier...

Join our wait list.

Join others just like you who are taking control of their budget by registering to join our MyBudget wait list today.

Join the wait list
Product image about 1. Get an invite from your lender or supplier

2. Create your MyBudget account

Create your account so that we can save your progress, then tell us a little bit about you and your household.

Product image about 2. Create your MyBudget account

3. Share your online bank statements

So that you can build your budget online, at your own pace, we'll ask you to share your online bank statements using Open Banking, so that you can build your budget online, without having to guess what you spend, search for paperwork, or get the calculator out.

It's a quick, simple and secure way to share your financial information with the businesses you trust - and it's what we do best.

Product image about 3. Share your online bank statements

4. Build your budget

Using the information from your online bank statements, our friendly robot Sadie does the hard work sorting out your income and spending. Then, Sadie will ask you a few questions to make sure your budget is right.

Product image about 4. Build your budget

Once you're ready, click the link your lender or provider sent you to get started.


What is Open Banking?

Open Banking is a secure and convenient way to access the information from your online bank statements. It has been developed by the UK’s largest banks so that consumers can get access to a wider range of personalised financial service experiences. OpenWrks can only ever view your account information, we never change the information or move money. All we do is use the information within your online bank statements to build your budget.

To use Open Banking, you need to provide explicit consent for OpenWrks to access your information. This consent lasts for 90 days and can be revoked by you at any time. When required to continue to provide the service, OpenWrks will ask you to renew your consent.

You can check out our more detailed Open Banking info page here.

My bank account won’t connect, what should I do?

Sometimes problems can occur when you try to connect your bank account via Open Banking. This could be because there are technical problems with your bank provider or OpenWrks. If this happens we will work to correct the problem as soon as possible.

The best thing to do is refresh the page or try to connect your account again. It's also helpful to collect as much information as possible about the problem you are experiencing. If you still can’t connect, contact the company that referred you, and tell them the issue you experienced.

It may also be that your bank isn’t supported in our network. Check the list below, is yours on it?

  • Allied Irish Consumer
  • Bank of Scotland Personal
  • Danske Personal
  • First Direct
  • Halifax
  • HSBC Personal
  • Lloyds Personal
  • M&S Bank
  • Nationwide
  • NatWest
  • RBS
  • Santander
  • Ulster Bank
  • TBS
  • Barclays Personal
  • Barclaycard UK
  • Monzo
  • MBNA

Can I leave the journey and come back later?

Yes. MyBudget will save your progress so you can pick back up where you left off.

I’m worried about my finances, what should I do?

If you are worried about your money or debts, we recommend that you contact Step Change who offer free, independent advice.

If you are concerned as a result of building a budget with us, please take some time to review the categories in your budget and check whether the right items have been included. If you can still make changes, you can go ahead and move or take out items that do not belong. If you have made changes but you are still worried, contact the provider that referred you to us for their help or Step Change for broader help with your finances.

If you have already clicked to say the budget looks like you, we suggest contacting the provider that referred you to us, they will be able to help you.

What should I do if my budget doesn’t look right?

You can change the category a cost has been assigned to or remove costs if they shouldn’t be included in your budget.

Once you've confirmed your budget you can't go back and change it. This is why we ask you to confirm the budget and check it is correct before submitting it.

We will also ask you questions as you build your budget to make sure it is representative of your actual circumstances and adjust to any recent changes to your circumstances which may not be reflected in your financial information.

If you want to change any of your budget after you've submitted, please contact the lender of provider that referred you.

Why are the figures in my budget different to what I thought they would be?

If you have categorised a partner's income in your banking data, it will only be used for calculating your household costs. If any joint benefits are identified in your budget, half will be assigned to your income and the other half to your partner’s income.

MyBudget collects both you and your partner’s income so that it can work out what percent you each contribute to the total household income. It then uses the same percentage to calculate how much is fair for you each to put towards your shared household costs. For example, if your partner earns more than you, it is reasonable that they would contribute more towards shared costs like food, bills, or insurance.

The monthly bills and costs you see in your budget are averages of payments into/out of your accounts over a period of up to twelve months. Household bills will be averaged over 12 months, but non-essential categories like shopping or entertainment are averaged over the last 3 months, since we tend to change these habits more frequently.

What counts as "personal costs"?

Personal costs includes things like:

  • Clothing, footwear and accessories
  • Hairdressing and beauty treatments
  • Toiletries and cosmetics
  • Electrical appliances for personal care
  • Eating out and takeaways
  • Pubs and bars
  • Presents for friends and family
  • Pet care
  • Gym and exercise classes
  • Holiday costs
  • Gambling
  • Entertainment and leisure

For more questions about OpenWrks, our services, data permission, or complaints, click "Let's Go".

Need help with MyBudget?

If you're struggling to access your account or have any issues, please fill out the form below and we'll reach out to you as soon as possible.