Category: MyKNOWLEDGE

The Property Couch Playbook Resources All the free tools, charts and links from the book—right here. Vanguard 30-Year Index Chart (1994–2024) A powerful snapshot of long-term market performance across major asset classes. Referenced on page 56 of the book.Click the image to view in high resolution or download the PDF inside the MyKnowledge section of Moorr.🔗 vanguard.com.au Median Dwelling Values – 30 Years of Property Trends See how property values have shifted across Australia’s capital cities over the past three decades. Referenced in page 52 of the book. Click the image to view in high resolution or download the PDF inside the MyKnowledge section of Moorr.🔗 cotality.com.au 18 Property Investment Strategies – Bonus Chapter Discover the 18 strategies everyday Aussies use to build wealth—and find the ones that suit you best.👉 Available exclusively in MyKnowledge inside Moorr. Create your free Moorr account here to access the download. Tax Links & Land Tax Table – In One Handy Place From stamp duty to capital gains tax, deductions, and land tax thresholds—we’ve pulled together the key tax resources to help you plan smarter.👉 Available exclusively in MyKnowledge inside Moorr. Create your free Moorr account here to access the full list and bonus tax hacks. DISCOVER MOORR Keep Learning with MyKNOWLEDGE Enjoyed these resources? There’s more where that came from.Inside Moorr, the MyKNOWLEDGE hub is home to bonus videos, downloadable tools, past webinars, and short courses to help you on your journey. But that's not all it offers! Track Your Net WorthStay on top of your financial position with tools like WealthTRACKER, Assets & Liabilities Dashboard—so you can make smarter decisions with clarity. Forecast Future CashflowUse our property and personal finance tools to forecast cash flow, model different scenarios, and stay in control of your money. Offset Benefits & Tax SavingsSee how much interest you’re saving with our Offset Benefits Calculator, estimate your tax position, and uncover ways to boost your surplus. Unlock 50+ Tools & ResourcesAccess video series, free reports, infographics, courses, calculators, and more—everything you need to grow your money and property portfolio. MoneySMARTS like a PROLet Moorr’s budgeting system and reminders keep your money goals in check—without spreadsheets or stress. Create Your Free Moorr Account Today DESKTOP MOBILE DESKTOP STEP 1Create your free account So much to realise & gain, nothing to lose. STEP 2You’re In! Once you log in, you’ll land directly in MyKNOWLEDGE—your hub for bonus chapters, videos, tax links and more. STEP 3Achieve more, with Moorr Click “Unlock Full Access” in the sidebar to explore Moorr’s full suite of property, money and tax tools! GET STARTED NOW *It’s 100% free. No Strings Attached. MOBILE STEP 1Create your free account Scan the QR code below to get started. It’s quick, easy and totally free—with so much to gain, and nothing to lose. STEP 2Input Your Info Enter your details to activate Full Access, giving you the ability to explore Moorr’s complete suite of property, money and tax tools from the very start! STEP 3Access MyKNOWLEDGE Tap the menu icon and select MyKNOWLEDGE to find your free reports, bonus videos, tax links and more Scan Me or download IN: What Moorr Users Say… Excellent budget app I have used the Moorr platform since the early days and I think the structure behind it is excellent. It has been the first time I have implemented a budget idea that I could ‘sell’ to my family; it also helps spot the areas you are spending subconsciously while allowing freedom to splurge. The underpinning approach is not dissimilar to barefoot (also very sound), but I have found the app / website helps me manage bills and competing priorities really well. debnzeron iOS Really love the new Moorr platform My partner and I are really enjoying the functionality of the Moorr platform and find it incredibly impressive. Previously we’ve worked off spreadsheets and struggled to predict our financial position into the future or see areas of opportunity where we can do better. The Moorr platform really helps to paint a clear picture in easy to understand graphs which helps us to digest the information. AbbeyW21on iOS Heaps better compared to tracking money thru spreadsheets!!! Onboarding is a litte involved but I guess that's what you get if you want an advanced app that can truely provide "useful" insights on your finances. Its not only a money app but a whole lot money concepts and principles at your disposal, I highly recommend this app and ohhhh, it's all free. Ronnel Santiagoon Android The app is absolutely amazing. It is very comprehensive, as it includes all the financial inputs you can think of, income, expenses, assets etc. Plus pretty amazing interface and tools to see how you are tracking, setting and achieving goals. It is property orientated of course. And FREE. Adamon Android A free app worth thousands This is a brilliant app that I couldn’t recommend more. It facilitates clear money management with the aim of simplifying the users’ financial life. The real world outcome of using this app is not just the financial benefits, but the peace of mind that comes with financial clarity. Understanding exactly where you are heading and the monetary impact of one’s decisions provides a control and freedom. It’s an amazing social gift to provide this platform free of charge. Tmob19374929on iOS Massive game changer Once you’ve dealt with a few mortgage brokers and property advisers you get to see a wide variety of tools that collects your financial information. I have no hesitation in saying that Moorr is light years ahead of the rest. I find the best thing is the benefit it gives me on an ongoing basis to keep track of my wealth journey through actionable financial data presented via dashboards. Griggsy_G3on iOS Frequently Asked Questions What exactly is MyKNOWLEDGE? MyKNOWLEDGE is your free learning hub inside Moorr—packed with video series, reports, podcasts, charts, short courses, infographics, and more. It’s designed to help you go from knowing to doing, one resource at a time.✨ AND we’re always adding new content!Once you’ve created a free account, you’ll get email and in-app notifications whenever fresh resources are released—so you’ll never miss a new insight, bonus or tool.🎯 But wait… are you thinking:“What is Moorr, and how does it connect to the book?”Moorr is the free money and property platform developed by the same company behind The Property Couch. In fact, Ben Kingsley—co-host of the podcast and co-author of this book—is one of Moorr’s founding creators and the driving force behind its vision.Moorr brings the book’s ideas to life—helping you budget smarter, forecast your property cash flow, estimate tax, and build your wealth with confidence.Get to Know Moorr Do I need to pay to access these resources? Nope! All the tools and downloads mentioned in the book are completely free. Just create a free Moorr account to access the full set, including bonus chapters and tax tools.And the best bit?It’s free on both desktop and mobile—so whether you’re on the couch with a laptop or on the go with your phone, you’re good to go. I’ve created a Moorr account—where do I find the 18 Investment Strategies chapter? Great! Once you’ve created your free Moorr account, you’ll land in MyKNOWLEDGE.Look for “The $3k a Week Playbook Toolkit”—it’s right at the top of the slider on the MyKNOWLEDGE Dashboard. That’s where you’ll find the bonus 18 Investment Strategies chapter.Or you can also just scroll down to the book section, and you’ll spot it there too. Can I Create a Login for My Partner? You certainly can! Once you’ve logged in, just head to the Personal Info section and add your partner’s details from there.We recommend setting it up this way too because household finances are usually tied together—so when you unlock the full capability of Moorr, the tools and insights will be way more useful for both of you! Can I use Moorr if I’m not ready to invest yet? Absolutely! Moorr isn’t just for property investors—it’s for anyone who wants to take control of their money.Even if you’re still working toward your first investment, you can use tools like:MoneySMARTS – our simple yet powerful money management systemMoneyFIT – a personal finance health check to see how you’re trackingGoal Setting – to plan and track your progress with purposeWhether you’re just getting started or refining your strategy, Moorr helps you build strong financial habits and get investment-ready—at your own pace. What are the most useful tools in Moorr for property investors? It’s like asking us to pick our favourite child! 😅And it’s extra tough because we release new tools and insights every month.But if we had to choose (as of right now), some of the most popular tools include:• Property Cashflow Projection Tool• Offset Benefits Calculator• Depreciation Insights• Rental Estimate ToolThese are all designed to help you make smarter, data-driven decisions on your property journey Is Moorr for Australians Only? Yes—Moorr’s tax calculations and settings are built specifically for the Australian system and are regularly updated to reflect local laws.But! If you’re not too fussed about the tax side of things, you’re still welcome to use the platform. Many of the tools—like budgeting, goal tracking, and property insights—can still be super helpful no matter where you are. Everything you Need (and nothing you don't) in One, Easy-to-Use Financial Platform. All the tools you need to live your best life are here in Moorr. 90% of Australians say they’re good at managing money. Yet less than 5% of Australians retire wealthy. A little extra cash at the end of each month can feel like a win, but it isn’t the same as financial wellbeing.It’s easy to think you’re on top of your money management now, but can you confidently say you know exactly what your future will look like down to the last dollar? Now you can… GET STARTED NOW *It’s 100% free. No strings attached.

MyKNOWLEDGE > Core Contents > Downloadables core contents core MyKNOWLEDGE > Core Contents > Downloadable Downloadables: eBooks, Case Studies, Reports, Infographics & Calculators These resources are designed to make things simpler, clearer, and more doable — so you can stop guessing and start moving forward with confidence.All Posts | Case Studies | Report & Fact Sheet | Spreadsheet & Calculator | eBooks All Post Back Up Case Studies Back Up Report & Fact Sheet Back Up Spreadsheet & Calculator Back Up eBooks Back Up

Event & Webinar Welcome to Moorr's Webinar Hub! Here, you'll find information on our upcoming and past webinars, all designed to empower you with the knowledge and tools needed for successful property investment. Latest Update (7:30pm AEDT, 21 Jan 2025)MoneySMARTS: How to Turn Your Goals Into Results in 2025Join us for an exclusive webinar where we show you how to turn your New Year’s goals into real results with the proven MoneySMARTS system. This session will provide practical steps, expert insights, and strategies to help you master your money, stick to your financial resolutions, and make 2025 your most successful year yet! Got a Question? Send it in here for our LIVE Q&A Session > Want to be notified for our next event? Click on the button below. Keep me in the Loop! Related Topics Explore our upcoming events and catch up on previous sessions to stay ahead in the property market. Educational Webinar Replay | Discover Moorr’s Brand New MoneySMARTS 2.0! Join us LIVE on Tuesday, 26th November at 7:30pm AEDT for a special event as we launch our most popular money management tool’s latest update! Read More → Educational Webinar | Data to Decisions: Moorr’s Tools for Savvy Property Investors Don’t miss out on this invaluable opportunity to enhance your Moorr experience! Check out our replay here. Read More → Educational Webinar Replay | Moorr’s Best Tools for the Job: What to Use When Watch the replay of this webinar and learn how to get more out of Moorr! Read More → Educational Webinar | Moorr’s Best Tools for the Job: What to Use When Don’t miss out on this invaluable opportunity to enhance your Moorr experience! Join us at 7:30pm AEDT, Tuesday, 19th March for a LIVE Webinar. Read More → Get Notified for Our Next Event Wanna stay in the loop whenever we’re LIVE? Too easy! Just leave your details below, and we’ll make sure you’re the first to know. No FOMO here, just good vibes and great insights. Chuck your info in and we’ll see you at the next one! Count me in!

What's New? Check out our latest major releases and features in Moorr below! For the release notes changelog, click here. Latest Product Overviews Product Overview New Release – Budgeted Expense Change Over Time Managing expenses just got a whole lot easier with our latest features – Bulk Add and Bulk Edit for Expenses. Read More → Product Overview New Release – Income Change Over Time Managing expenses just got a whole lot easier with our latest features – Bulk Add and Bulk Edit for Expenses. Read More → Educational Monthly Wrap | March 2024 Welcome back to the latest Moorr Monthly Update! This month brings a wave of enhancements, introducing you to a new Moorr Ambassador, empowering you with historical tracking capabilities, and diving into granular insights with card-level analysis. We’ve also got tips for refining your Home Dashboard calculations. But that’s not all – peek into what’s on the horizon with our upcoming live webinar and exciting features planned for April and beyond. Let’s dive in and discover how Moorr is evolving to supercharge your financial journey! What’s New This Month? 1. New Moorr Ambassador: At Moorr, our focus is on motivating you … Read More → Release Notes Income & Expense Frequency Headers – New Release We’re thrilled to announce a new and exciting feature – “Income & Expense Frequency Headers”! Read More → Product Overview Historical Tracking and Card Insights – New Release The #1 key improvement our users have repeatedly asked for is the ability to track their financial performance. Read More → Product Overview Search, Filter & Sort – New Release We’ve just released our ‘Search, Filter & Sort’ options on MyFINANCIALS, making it easy for you to find what you’re looking for in an instant! Read More → Load More Need more help? Had enough of trying everything else? Just keen to have a yarn with a real, living, most likely human being? No worries! We're here to lend a hand with any questions, concerns, or issues you've got. Our Support Team is stoked to tackle any queries you've got about Moorr. Whether you're battling to sort out tricky expenses, reckon you've found a bug, or perhaps you've got a great idea for the app, we're all ears! Contact Support

Insights & Historical Tracking Your guide to historical tracking and insights What are Insights? Moorr’s powerful built-in tracking functionality, including back-dating of historical data, is now here! This functionality will allow unprecedented insights, giving you the ability to finally retire any old static spreadsheets to update and centralise your financial world in one cloud-based tool like no other.MyFINANCIALS is the personal money management solution built into the Moorr platform that can accommodate everyday Australians, right up to the most discerning of households that take their financial management duties seriously.  https://www.youtube.com/watch?v=CuYsSmB7Km4 Rich Financial Insights are now available in Moorr! These are insights derived from the financial data you have entered, which results in a clearer and deeper understanding of:How to plan, organise and use your money.A full picture of the money flowing in and out of your household.How you and your household have performed financially over time.  Opportunities for improvement.Insights are a graphical representation of your financial data, and as the name suggests, provides you insight into your household's financial situation in a way no other platform does.How does Moorr do this? As a refresher, Moorr is aiming to build insights on each of the following structure tiers: Financial Classifications: This top tier has your traditional fundamental classes – Income, Expenditure, Assets & Borrowings. Financial Items: Most item names will be familiar to most who have been exposed to some form of personal budgeting, money management, or banking apps, except in Moorr’s case, we go deeper in the number of item categories we offer, to allow for richer & deeper insights. Insights may include breakdowns of these classifications and as examples could show you how your Assets are distributed, what you spend the most on etc.Financial Cards: A stand-out and signature feature of MyFINANCIALS is Moorr’s Financial card tier.  Too often most tools stop at the Item tier and in doing so they limit the scope and functionality, which again limits the ability for richer and deeper insights at the granular level. Insights may include historical values of the card, and how the card is weighted in your overall classification.There are hundreds, if not thousands, of examples where the Financial Card tier becomes a valuable knowledge source for a Moorr user.  Here’s a couple of quick examples:You have two cars and you want to track costs like petrol & maintenance for each car – easy!You have two or more children and you want to be fair to each child in terms of what you spend on their recreation & hobby activities – easy again!Given you have the Financial Card tier and the Financial Item tier, you get the best of both worlds.  Easy to follow insights at the card level, but also the sum of what’s being spent at the aggregate Item level as well.  And not forgetting you get also get totals at the Financial Classification tier as well 😊.You can review the previous detailed information about MyFINANCIALS here. Historical Tracking and the Historical Changelog The ability to back-date and edit your historical financial data is now here!This functionality allows you to track and edit the details of your financial performance at the card level not only into the future, but also into the past. This truly gives you the ability to retire old spreadsheets and to centralise your financial world accurately in one cloud-based tool.Editing and storing historical records of your information allows detailed insights to be presented to you, enabling you to better analyse not only your household's overall performance, but even the performance of individual assets, borrowings, expenses and income. This gives you the power to visualise and understand the opportunities that may be available to you and your household.  Frequently Asked Questions How do I access the Historical Changelog? As with all financial information, the accuracy of the insights are only as good as the inputs provided.With accurate historical entries in the historical changelog, you’ll be able to accurately visualise your financial performance.A historical changelog is available on most fields that are values or used in calculations.To access the historical changelog for a field:Hover over the field until the ‘As At [Date]’ is displayed below the field.Click on the clock icon to the right of the As At Date.This opens the historical changelog via a slider to the right.Add, edit and delete your historical data for the field via the changelog, which are organised by reverse chronological order. After editing, updating or deleting data, click on the ‘tick’ to validate and save the data.A couple of quick tips:The value displayed on your card will always be the latest value in your historical changelog.When historical values are added or updated, these get reflected automatically in your insight graphs. You can only store one value per day.  What is an "as at" date? You’ll start noticing that each historically tracked field now shows an ‘As At’ date when you hover over it.  This field represents the value recorded for the field at the specific point in time, and is shown so you can see, at a glance, the last time you updated that field.For example, if the Current Value of the Property Asset ‘123 Smith’ below was last recorded as $500,000 on 17 Jan 2023. In other words, the latest value recorded for the field, and the most up-to-date or current value, was $500,000 as at 17 Jan 2023. You can quickly edit the latest value in the field through the card as you’ve always done, and the ‘as at’ date shown will automatically be preset to today’s date. You are able to update this in the as at field directly, or via historical changelog later.  When editing data in the Card directly, be mindful that:Values are not able to be stored into the future.Past values are not able to be edited/added directly in the field within the Card itself.This As At date field and latest value reference is shown to give you the latest information at a glance.If you want to edit past historical data, please click into the clock icon next to the As At reference to edit this. Can I edit my historical information on archived cards? Yes you can!When archiving a card, you are effectively treating the card, and any historical values, as $0 from the archived date onwards.This means that you can edit, add, or delete any historical data up until the archived date.When editing archived information via the historical changelog, you’ll see a notification at the top letting you know the archived date and restrictions as per the below.  What Insights are currently available? Initially, only a few select card insights are available.However, we’re constantly improving and adding to Moorr, so expect to see a lot more, by way of item level insights and dashboards to allow you to better digest your data (such as the expense dashboard currently seen on the mobile app!)Available card insights on release (January 2024):Value over time for Assets and Borrowings.Breakdown of the Card as a portion of overall Assets, Expenses, Borrowings or Income. I have previous historical information showing in the Wealth Dashboard. Will this be editable? The Wealth Dashboard is currently being upgraded! (as of 30 January 2024)Prior to the release of MyFINANCIALS on 28 November 2023, data shown on the Wealth Dashboard charts was created based on changes to the data that was automatically tracked. As these changes were tracking automatically, there are instances where the data may show inaccuracies due to timing variances. For instance, if you purchased a house in January 2023, but only entered it into Moorr in June 2023, the increase in total Asset Position would have only shown on the graph from June 2023, not January 2023.With the introduction of the Historical Changelog, the Wealth Dashboard will soon be upgraded to use the data contained within the Historical Changelog, to give you full control over your numbers and your insights. These values will already be automatically loaded into the historical changelog of the respective fields. You’ll be able to edit these fields by accessing the changelog. See “How do I access the Historical Changelog” above. Will my MoneySMARTS activities be impacted? The short answer is no, not yet.Currently, MoneySMARTS still records the Checkup balances independently, and historical MoneySMARTS data is also recorded in an independent way.A significant update will be coming soon that will intergrate MoneySMARTS more completely with historical tracking and MyFINANCIALS including an update that will:Allow bi-directional updates to Checkup data and account balances.Allow the more accurate recording of tweaks within the 12 month period, such as a change to the expected surplus when you have a change in your loan’s interest rates.Plus much, much more! Need more help? Had enough of trying everything else? Just keen to have a yarn with a real, living, most likely human being? No worries! We're here to lend a hand with any questions, concerns, or issues you've got. Our Support Team is stoked to tackle any queries you've got about Moorr. Whether you're battling to sort out tricky expenses, reckon you've found a bug, or perhaps you've got a great idea for the app, we're all ears! Contact Support

Moorr Release Notes Release notes for major releases, minor updates and bug fixes. 25 April 2025 New Updates:MyKNOWLEDGE is now live in Moorr!Your all-in-one learning hub is here — bringing together free courses, premium workshops, videos, tools, case studies and book bonuses. Learn at your own pace and apply what you’ve learnt using Moorr’s smart money tools. It’s everything you need to level up your property and finance game — all in one place.Learn more here > 28 Feb 2025 New Updates:Added Value Over Time insights to the Mobile App, so you can now view your historical progress directly on your phone! Learn more here >Added the Professional Services Page, so that you can book an appointment directly with a professional and qualified advisor. 20 Jan 2025 New Updates:We’ve simplified the onboarding process to make it more guided and focused on what matters most to you. It’s now easier than ever to set up your Moorr account and capture your priorities!Managing cashflow is a key part of financial success, and we’re making it even easier with the introduction of Next Dates in Moorr. This new feature helps predict when key financial events—like income payments, expenses, loan repayments, and super contributions—are expected to occur, giving you better visibility and control over your cashflow. Learn more here >We’re improving how you track your financial position in Moorr! With upcoming features like transactions in cards and Open Banking, we’ve updated key terms to make budgeting and tracking even clearer. Learn more here > 13 Jan 2025 New Updates:Property Auto Attributes –When a user enters the address of a property, Moorr will check our Property Database for the attributes such as Bed, bath, carpark count, size etc. The user has the ability to confirm the detail or edit as they need to.This will increase the properties in Moorr with completed attributes to help with ordering valuations, analytics and future insights & segmenting. 21 Nov 2024 New Updates:MoneySMARTS 2.0 is now LIVE on all our platform – both mobile and web! Below is a summary list of our key updates. To learn more, check out the MoneySMARTS page here.Simplified Checkups: Update balances in one place—no more double entries! Now supports tracking multiple bank accounts and credit cards, saving time and paving the way for future automation.Historical Tracking: Changes to card values are recorded from the exact date they happen, ensuring accurate tracking and better insights.Flexible Start Dates: Adjust the start date of your current MoneySMARTS period whenever needed.Flexible Period Rollovers: Start a new period anytime within 12 months for more flexible financial tracking. The rollover tool is available on webapp only.Clearer Checkup Tables: Monthly intervals now show precise opening and closing balances, with updated charts for easier understanding.Helpful Tooltips: Instant explanations added to the checkup table to guide you as you go.Custom Tracking Options: Choose which accounts to include in MoneySMARTS and ignore the rest. A setup guide is included for extra support.Improved Provisions Chart: Fixes to the “Yearly Remaining Provisions” chart to match the intended view from Make Money Simple Again. 17 Sept 2024 Minor Updates:(Mobile) Optimised Data Entry and Offset Linkage Logic: Enjoy faster, more intuitive data entry and smarter linkage between your offsets and loans.(Mobile) Improved View of Net Worth/Asset Position & Debt Position: Get a clearer, more detailed perspective of your financial standing with enhanced visuals and breakdowns. Sort by month or year to see how past choices impact your money, whether you’re saving for a holiday or planning for retirement.(Webapp) Added the livechat on Onboarding pages to assist users journey 16 August 2024 New Updates:We’re excited to introduce Rental Analysis, the newest addition to the Moorr web app. This powerful tool provides comprehensive rental data for properties in your Moorr account. Learn more here >Offset Benefits Insight is now available on your Loan card as well! Learn more here >Minor UpdatesOffset Benefit Insight Loan card – Icon and calculationsUnlock offsets when loans are archived 15 July 2024 New UpdatesNet Worth, Asset and Debt Position is now available on Moorr Mobile! Learn more hereEver wanted to know how much your property is costing you? Check out our brand new Property Cashflow Projection Tool! Learn all about it here > 25 June 2024 New UpdatesProperty Depreciation fields are now available on Moorr! Check out one of our highly requested feature hereAn upgrade on the Offset Tracker chart, we’ve just released a new Offset Benefit Projection Insights. Learn all about it here > 14 May 2024 New UpdateNEW Mobile Insight! Cash Position Chart – read more hereBulk Add & Bulk Edit Income (Our LAST Instalment of the Bulk add/Edit Series!) – Read more here. 26 April 2024 New UpdateNEW insight Alert! Offset Balance Vs Loan Balance – read more hereMinor UpdatesAdded additional card view on MyFINANCIALS you can now view cards horizontally and grouped under headings.Non-Taxable Income is now included in the Annual Income tile at the top of the Home Dashboard Summary 23 April 2024 New UpdateBulk add/edit of Assets – read more here 27 March 2024 New UpdateBulk add/edit of Borrowings – read more hereMinor UpdatesAdded additional information under ‘Purpose’ on borrowings cards.Added some small explanatory text to Card Creation for Income and Assets.Added a ‘Release Notes’ button to the bottom left of Moorr. Added historical tax rates and implemented future tax rates from July 2024 in preparation for implementation of Stage 3 Tax cut calculations.Bug FixesFixed an issue where the historical changelog column for ‘discretionary’ was not showing for property expenses.Fixed a bug where the Info icon under Expenses classification in MyFINANCIALS was not showing, therefore not showing a summary of monthly expenditure totals 12 March 2024 UpdatesNew Insight: Income Change Over Time – Read More HereNew Insight: Budgeted Expense Change Over Time – Read More Here  6 March 2024 Minor UpdatesRearranging the Card Tray board – we now show the card groups in Assets, Borrowings, Income & Expenses.Enhancement to Overtime charts within the cards – will show last value all the way to today to show the current value on the chart.We are now allowing users to delete new expenses within the bulk add/edit dialogsNew guidance message on home dashboard if a property has no linked loans.Additional Guidance on adding Offsets, payment accounts, purposes of loan and security – if  there is nothing to show on the drop down, we ask the user to create a bank account or asset.  15 February 2024 Minor UpdatesThe single add of expense dialog is now sorted into the expense groups with a search barYou can now archive expense cards on the bulk edit dialogFor ease of your interaction with bulk add of expenses, when you click create and are taken to the expense edit – the dialog will scroll to the first newly created expense for you to start editing.We have introduced an ‘are you sure’ warning IF you move away from the bulk add dialog that has expense items selected BUT you have not created them yetYou can now paste from calculators, in the past we had issues accepting , and . if you pasted 400,000.35 into a currency input. We have updated Homeloans Ltd to homeloans.com.au in the bank institutions list to be in line with current naming conventionWe now showing the ownership value and the full value of the property on the home dashboard IF the ownership is less than 100%We have introduced labels on cards that will not be counted as part of the current position. For example if the income start date is in three months time, it will not change your current income calculation, there will be guidance labels on the card when this does occur.  30 January 2024 Major ReleasesWe’ve added the functionality to view and edit your past data! This is viewable and editable via the historical changelog, which you can read more about here.This update includes the import of your past historical changes into your historical changelogs so that you can now view and edit your past data in Moorr.We’ve implemented the first of our Card Insights release! This release provides the framework for us to continue to release even more insights on a broader scale to give you more value in Moorr. Read more about this here.Minor UpdatesWe’ve added navigation buttons to the top of Financial Cards. You can use these to navigate to your next and previous cards.We’ve added in a ‘back’ button on Cards, designed to navigate you back to a previously linked Card (such as from an Asset to a linked Expense Card).Added the ability to archive/restore/delete linked cards (such as property expenses), a previously restricted feature. 18 January 2024 Major ReleasesBulk Edit/Add and Highlighting Unused Cards functionality has been added for Expenses. Read more about this release here.Added Search, Sorting and Filter functions to the MyFINANCIALS Card Tray. Get the full details here.Income and expense frequency headers – Quickly see your income and expenses by different frequencies. Learn more here.Minor UpdatesMoved Credit History above professional Team on the personal info pageDefault ownership to person 1 if there is no partner active.Increasing the usability of the multi-select input – the clickable area is now largerMoving the address field higher in the Details list on the property cardSwapping the Expense Item and Expense Name field in the Ongoing Property Costs section on the property card – makes the fields more usable. 16 December 2023 Bug FixesThe button to Knowledge Centre.Net Worth Calculation in MoneyFIT.Borrowing cards occasionally not opening.Saving property income values when entered via the quick-edit feature within an Asset Card.Expense cards display.Onboarding expenses (best guess) diplay.UI issue with pre-tax deductions not allowing a user to edit after the first save. 7 December 2023 Bug FixesHome dashboard’s annual household income calculation to use ‘total income’ rather than ‘gross income’.Dropdown filter for mandatory fields in Financial CardsThe display of interest rate under the property portfolio breakdown on the home dashboard’s summary.Displaying Property attributes relating to bedrooms/bathrooms/living rooms/car spaces 29 November 2023 Minor UpdatesChanged the name of button when creating a property costs under an Asset Card from ‘Save’ to ‘Create’.Changed the Ownership Headers to accommodate ‘other’ ownerships.Added a restriction to prevent Archived Assets from being selectable as a Purpose or Security in a Loan.Bug FixesRemoved special character restriction preventing certain cards from being created. (Mobile) Cards’s filter option Calculation on the Home Dashboard’s Summary of Income & Expenditure where a user held an SMSF Jointly and the Super Salary Sacrifice was being applied to both persons rather than just the selected.SMSF’s display when ‘other’ ownership was selectedPreviously held and unclassified additional bill payments display 28 November 2023 Major ReleaseReleased the Card Tray and MyFINANCIALS.Minor UpdatesAdjusted the calculation for interest on loans within the Investment Property Deductions on Home Dashboard to correctly be determined by a loan’s use of funds (as an investment type) rather than the borrowing selected.Adjusted home dashboard to show only the current position of the user, taking into account start and end dates of Income Cards and excluding Archived Cards.Colour coded loans and securities on home dashboard under the portfolio summary.Removed boolean yes/no on super contributions to future proof field for historical tracking. Assumes no contributions if blank.Added Other Ownership on certain Assets with Splits (property, investments, SMSF Superannuation). Need more help? Had enough of trying everything else? Just keen to have a yarn with a real, living, most likely human being? No worries! We're here to lend a hand with any questions, concerns, or issues you've got. Our Support Team is stoked to tackle any queries you've got about Moorr. Whether you're battling to sort out tricky expenses, reckon you've found a bug, or perhaps you've got a great idea for the app, we're all ears! Contact Support

MoneySTRETCH Overview A Tool for Financial Confidence in Uncertain Times What is MoneySTRETCH? https://youtu.be/ol0vocKqcr0 The pivotal question is, "Do you have a clear picture of how long your funds will last?" In the current climate of heightened uncertainty, understanding your financial standing is more crucial than ever. To make well-informed decisions, especially in matters of money management, we need certainty. That's precisely why we've dedicated ourselves to creating MoneySTRETCH —an interactive self-assessment tool meticulously crafted to assist you in projecting the impact on cash flow and available funds based on potential future financial decisions, whether within or beyond your control. Are you anticipating changes in income or expenses? Your loan rate has gone up from 2% to 7% - Can you afford to hold your property? Considering a sabbatical? Planning for parenthood, Or contemplating a career shift? Through the utilisation of this tool, you not only acquire invaluable insights but also identify necessary actions and, ideally, attain peace of mind in the realm of financial management. CHECK OUT THE RELEASE NOTE HERE LEARN MORE Overview What is MoneyStretch? In the ever-evolving landscape of personal finance, the importance of understanding how long your money will last has never been more crucial. At Moorrs, we’ve recognized this need, and we’re thrilled to introduce you to MoneySTRETCH, an interactive self-assessment tool housed within the Moorrs Portal. This tool is designed to provide you with a clear understanding of your financial standing, especially in the face of potential income changes. To summarise, here’s what MoneySTRETCH is all about: MoneySTRETCH is a money management tool within the Moorr platform. It’s an interactive tool accessible through the web or desktop version, recommended for use with Chrome. The primary problem it addresses is understanding how changes in circumstances impact available funds. What is the purpose of MoneySTRETCH? In the face of uncertainties, Moorr’s MoneySTRETCH empowers you to strategically manage your finances. Analyse your spending patterns, review expenses, and identify areas where adjustments can be made. The tool’s sandbox feature ensures a risk-free environment for exploration, allowing you to build financial resilience without affecting your LIVE data. It aims to provide a tool for making informed financial decisions rather than emotional or irrational ones. How to Use this Tool? Import Your LIVE Data Once you’ve created your Free Moorr Account, here’s what you do next: Step 1 : Go to the MoneySTRETCH page in Moorr. Import your current financial position data, using the Import Live Data button. A copy of your live financial Position data has been created within this interactive sandpit, allowing you to input various changes to these figures and explore different scenarios that will impact your monthly cashflow and savings buffers (cash on hand). Step 2 : Start playing: You can adjust incomes, by way of example – reducing income when starting a family. You can adjust Essential and Discretionary Spending for individual expense items within the Bills and Spending titles. You can adjust Total Loan Repayments, Investment Property and or Other Property costs to gauge their impacts. Finally, if you want to make these adjusted figures your new Live Financial Position figures you can export via the publish changes button. How to create a Moorr Account? It’s free to create an account on Moorr! Simply go to www.my.moorr.com.au/signup and follow the prompts. If you would like to access MoneySTRETCH, we recommend you create a free account on your computer. The experience will be smoother for you with a bigger screen size 😊 Frequently Asked Questions What will happen to my existing data? Once you have imported your data into MoneySTRETCH, you are in a “sandpit” environment. This means, no mater how much changes you make, it won’t affect your existing data. However, if you like to “apply” that changes that you’ve made, simply click on the “Publish Changes” button on the MoneySTRETCH page and it’ll update the changes that you’ve done. What scenarios does MoneySTRETCH address? Pretty much everything you can think of! It addresses scenarios like changes in income (e.g., going down to one income, pay cut etc) and expenses (the impact of interest rate changes on financial flows, additional kid etc.) It’s all down to your unique scenario. How does it help with decision-making? By visualizing different scenarios, it helps users make informed decisions, avoiding irrational or emotional choices. So let’s say for example, if your interest rate has gone from 2% to 7% and you’re wondering if you can afford to hold that property with your current spending levels. Just go to MoneySTRETCH, import your data, change your interest rate level and voila! It’ll show you a trend line on your cashflow position and how many months will it take till you hit zero. How would this help with your decision? Well, you can then go ahead and adjust your spending pattern. Reduce your spend on eating out or spend less on holiday. Or perhaps, get a second part time job instead? Punch in the numbers and you’ll know if your cashflow can sustain it or not. This works with other scenarios too! For example, going for a sabbatical or a maternity leave. But of course, it does not substitute professional advice.  It’s important to always consult an experienced professional before making any financial decisions. Can changes made in MoneySTRETCH affect the overall budget? Only if you want to! Once you’ve played around with your expenses and income and is keen to adopt the new spending pattern, just click on the “Publish Changes” button to reflect in the overall budget. Are there other tools in the Moorr platform? Certainly! We’ve got over 60 tools in the Moorr Platform. Check out all our tools and features here: www.moorr.com.au/features How much time does it take to use MoneySTRETCH? It’s really up to you but we’re excited to let you know that there is no limit to your Free Moorr Account 😊 It can be used for as little as 10 minutes or as much as 10 hours, depending on your preference for scenario analysis. Need more help? Had enough of trying everything else? Just keen to have a yarn with a real, living, most likely human being? No worries! We're here to lend a hand with any questions, concerns, or issues you've got. Our Support Team is stoked to tackle any queries you've got about Moorr. Whether you're battling to sort out tricky expenses, reckon you've found a bug, or perhaps you've got a great idea for the app, we're all ears! Contact Support

MyFINANCIALS Overview And an Introduction to the Financial Card View What is MyFINANCIALS? https://youtu.be/cR-cGSQT0JU The MyFINANCIALS tool is the engine room for your money management within the Moorr Platform, accessible via the mobile app or web (desktop) browser version.Unlike most simple budgeting and tracking options in the market, MyFINANCIALS has been built from the ground up, by money management professionals who have years of experience & a deep understanding of the many ways in which individuals or households go about managing their personal finances.No longer are you trapped in operating within a basic and restricted budgeting and money management environment with limited features and functionality, and no ability to design your money your way.With MyFINANCIALS, you can know choose to operate with a simple, yet productive set-up or given we have designed MyFINANCIALS with a tiered insights approach, you can choose to operate your finances like a money pro.By taking full advantage of creating multiple Financial Cards, under the Financial Items tier, you know have an out-of-the-box solution, enabling you to create your own tailored set-up.https://www.youtube.com/watch?v=_m70dkYMLoA The benefits are far richer financial insights, which results in a clearer and deeper understanding of:How you plan to organise & use your moneyA full picture of what income & money is coming into your householdsA clearer understanding of all your committed money (& where it’s going?)An improved Asset management environment, which links related income, debt and expenses relationships to each assetPlus coming really soon is Moorr’s powerful built-in tracking functionality, including back-dating of historical data, at the financial card level. This functionality will allow unprecedented insights, giving you the ability to finally retire any old static spreadsheets to update and centralise your financial world in one cloud-based tool like no other.MyFINANCIALS is the personal money management solution built into the Moorr platform at can accommodate everyday Australians, right up to the most discerning of households that take their financial management duties seriously. CHECK OUT THE RELEASE NOTE HERE LEARN MORE Summary of Tiered Relationships The MyFINANCIALS tool is built and operates with the following structured tiers:Financial Classifications:  This top tier has your traditional fundamental classes – Income, Expenditure, Assets & Borrowings.  Users create Financial Card starting here.Financial Items:  Most item names will be familiar to most who have been exposed to some form of personal budgeting, money management, or banking apps, except in Moorr’s case, we go deeper in the number of item categories we offer, to allow for richer & deeper insights. When creating a Financial Card, users select an item from the pick list conveniently providedFinancial Cards:  A stand-out and signature feature of MyFINANCIALS is Moorr’s Financial card tier.  Too often most tools stop at the Item tier and in doing so they limit the scope and functionality, which again limits the ability for richer and deeper insights at the granular level. Users will name each Financial Card, in the knowledge that the card’s structural relationship with the Financial Item and classification remains in placeThere are hundreds, if not thousands, of examples where the Financial Card tier becomes a valuable knowledge source for a Moorr user.  Here’s a couple of quick examples:You have two cars and you want to track costs like petrol & maintenance for each car – easy!You have two or more children and you want to be fair to each child in terms of what you spend on their recreation & hobby activities – easy again!Given you have the Financial Card tier and the Financial Item tier, you get the best of both worlds.  Easy to follow insights at the card level, but also the sum of what’s being spent at the aggregate Item level as well.  And not forgetting you get also get totals at the Financial Classification tier as well 😊. General What is a Financial Item? A Financial Item is the second tier of a particular Income, Expense, Asset or Borrowing Financial Classification under the MyFINANCIALS tool within Moorr.The list of Financial Item names have been pre-determined for you  ease & convenience.  They have their origin story based on their successful use in the best-selling money management book – Make Money Simple Again, (Access your free copy here).  Furthermore, this book has introduced tens of thousands of readers to the very popular MoneySMARTS money management system – which is also freely available to implement and use within Moorr.What separate our list of Financial Items, is the extensive number of options available to Moorr users, especially when it comes to the list of Expense Items, as many of our competitors have limited lists which means very limited insights.Here is a helpful look at each of our Financial Item lists:Income Items:Expense Items:Asset Items:Borrowing Items:Using the data you provide with MyFINANCIALS, Moorr will gather and provide you with meaningful and detailed insights.For example, if you want to view your key expense insights, such as gaining a breakdown and understanding on out what category of expense you spend most of your money you can find this out at the Financial Item tier.Another powerful example below, illustrates cashflow allocations and how the flow of money works within your household set up and the relationship at the Financial Classification and Card tiers.When you are able to break your financial situation down into Financial Items (and then further customise your financial situation via Financial Cards), you are able to gain insights at all levels of your financial position.  What is a Financial Item? A Financial Item is the second tier of a particular Income, Expense, Asset or Borrowing Financial Classification under the MyFINANCIALS tool within Moorr.The list of Financial Item names have been pre-determined for you  ease & convenience.  They have their origin story based on their successful use in the best-selling money management book – Make Money Simple Again, (Access your free copy here).  Furthermore, this book has introduced tens of thousands of readers to the very popular MoneySMARTS money management system – which is also freely available to implement and use within Moorr.What separate our list of Financial Items, is the extensive number of options available to Moorr users, especially when it comes to the list of Expense Items, as many of our competitors have limited lists which means very limited insights.Here is a helpful look at each of our Financial Item lists:Income Items:Expense Items:Asset Items:Borrowing Items:Using the data you provide with MyFINANCIALS, Moorr will gather and provide you with meaningful and detailed insights.For example, if you want to view your key expense insights, such as gaining a breakdown and understanding on out what category of expense you spend most of your money you can find this out at the Financial Item tier.Another powerful example below, illustrates cashflow allocations and how the flow of money works within your household set up and the relationship at the Financial Classification and Card tiers.When you are able to break your financial situation down into Financial Items (and then further customise your financial situation via Financial Cards), you are able to gain insights at all levels of your financial position.  What is a Financial Card? Financial Cards are the new way to organise and manage your financial information easily and set the foundation for the Moorr platform in providing you with improved insights and tracking.Financial ‘Cards’ are an independent record of financial information. This allows for multiple Financial Cards of a particular Item Type to be created. The organisation of this data into individual Cards allows for better organisation and subsequently will allow for better insights and tracking, at both the Item Level and the individual Card Level.A Financial Card can be located and edited within the Card Tray.A summary of the card details can be seen in the top header, showing you a key summary such as the Card’s Name,  Item Category, Ownership and Value.Within the Card itself, you’ll be able to:Edit the Details of the financial informationView individual Card insights (coming soon)Assign documents to the card to keep your information in one place (coming soon)Assign transactions to the Card to be able to track your actual performance  (coming soon)Under ‘More Options’ you’ll also be able to Archive a Card, ensuring that you maintain an accurate historical record of your past information without impacting your current financial position. Additional options will be presented to users in the future. What is the Financial Card Tray? The Card Tray is an area you can view, sort and manage all of your financial information. The Tray is accessible on all pages of the Moorr Platform, allowing you to quickly access, view and edit your Financial Cards.To access the Card Tray, click either the ‘My Financial Cards’ tab on the left side menu, or the ‘Cards’ tab at the bottom of every page.A summary of each Financial Card is presented as a tile within the Card Tray, succinctly displaying key information.  In the future, additional functionality will be added to sort, search and filter your Cards. 👉 How to Use the Card Tray How to Create a Card Our Product Team has made sure to keep this process as simple as possible. 😊To learn how to create a new Card, check out this article here. How to Archive, Delete or Restore a Card When your financial circumstances change, you’ll want to record these changes accurately to ensure a historical record is maintained and historical insights can be displayed.As such, we’ve now given you the capability to Archive a card so that it can be treated as a past, editable record. This ensures that the historical financial performance of your Cards can be maintained and managed. Data from your Financial Cards can now be archived or deleted.To learn how to Archive, Delete or Restore a Card, check out the article here. How to View Expense Summaries Open Card TrayClick the (i) icon next to the monthly expense value How to Filter the Card Tray Currently, you’ll be able to filter the card tray to view all cards that have missing information.These are classed by two classifications: MB Required – These are fields required by Mortgage Broking and are shown by the blue border around the card and blue exclamation mark on the field.Mandatory Fields – These are fields required to show the minimum level of insights on the Moorr Platform and are marked by the red asterisk *. To activate these filters:Click on the dropdown menu in the top right of the card tray and select from the options.  Note that additional card filtering and search functionality will be available in the near future, such as by value, A-Z and more.  For additional advisor functions such as FLEX summaries read the article here. Note that these are only available as an advisor. More How-To's Keen to learn more on how to best use this tool in Moorr? Or is simply interested in other tools such as MoneySTRETCH and MoneySMARTS?That’s great! Check out our How To section on the blog page! You’ll find hundreds of posts that will help you master the platform in no time.Click here to go to our Blog Page > Frequently Asked Questions What will happen to my existing data? Good news is none of your existing data is affected or lost. All we have done is enhance your user experience with more features and functionality with this upgrade and it now allows us to build the new functionality that we’ve mentioned is going to be coming soon in 2024. Will my MoneySMARTS activities be impacted? If you are taking advantage of the MoneySMARTS money management system built into Moorr, then more good news – the upgrade to MyFINANCIALS doesn’t impact you running your MoneySMARTS program.And in further good news, given MyFINANCIALS is the central home of all financial record keeping and activities, any changes made in MyFINANCIALS will also integrate with MoneySMARTS going forward, as it has done since the release of the first release of our platform. What is the Card Tray designed to do? Card tray is the first fundamental release of our exciting new tool, MyFINANCIALS. In order to unlock the unlimited potential of the Moorr platform in providing useful and insightful information to our users, we needed to improve our way of capturing them. And this card tray is part of that improvement.Here’s what you can expect from Card Tray:Improve the platform’s functionality for locating, managing, sorting and updating your information, including the future capability to search and filter (coming soon) your information from one central location.Cards have been designed to allow independent and rich insights on each self-contained ‘Card’ so that you can better track and see progress on certain aspects of your financial position. These insights may not be immediately available upon release, though will be added to progressively after release.When you click and open a Card, the information and inputs within provide the building blocks for editable historical tracking and insights on key figures within your household finances. (This is still being completed).The new Card View serves to contain and manage your base-level information for future tracking dashboards similar to what was introduced with Wealth Dashboard earlier this year.  What's Next for this Feature? Search and filter Cards As Moorr users ourselves, we know how tricky it can be when you’re trying to look for a single irregular expenses. Especially when you don’t quite remember if it was linked to an asset or a borrowing! So in a couple of months time, we will be releasing search and filter options on Moorr. All you need to do is enter a part of the expenses title and “voila” there it is. 😊 Bulk Add Cards When you’re filling in Moorr for the first time (or any money management app for that matter), it can take some time. You’ll need to go through the different expenses that you’ve got, find out how much you’ve spent on them, link them to different people in the household, link them with a specific asset, and much more!Can you imagine how many clicks or taps that would take?A LOT.That’s why we’ve rolled out updates to MyFINANCIALS in stages, and the first one is Financial Cards. There was a significant amount of “replumbing” that we needed to do in the background to ensure that MyFINANCIALS evolves to its true potential. This first step is fundamental and involves making sure that the data is collected and structured in a sustainable manner. The best part is that by doing this replumbing, we’re able to build an almost endless number of insights based on your financial data with ease!Once Financial Cards are rolled out, our next target is to allow our users to “Bulk Add Cards” and potentially even import them! And of course, Opti will be there to guide users and offer recommendations as well. This feature is definitely on the short-term horizon, so keep your eyes peeled, folks.Curious about what else is coming? Check out our Blog page here > Individual Card Insights With the introduction of Financial Cards, we’ve gained a lot more flexibility and ‘digital real estate’ to showcase even more insights within each card!The possibilities are vast regarding the graphs, widgets, trends, and useful data that our users might desire for each card.Our team of superstar Product Managers already has a substantial wishlist of insights they would like to incorporate into the cards. If you’re interested in seeing some mockups (these are just drafts at this stage), please check out the blog below:Read more about this Individual Card Insights here > Historical Tracking The next release for this feature is Historical Tracking!For months, our users have asked for a way to see how their household’s finances have changed over time. We wanted it ourselves too! So that’s why we’ve made changes to our system to make this possible.Although you can’t add or change historical info just yet, we’ll add this feature in the coming months. Once it’s ready, we’ll also provide graphs and charts to show you how your finances have performed.Read more about this Historical Tracking here > Historical Side Tray With the introduction of historical tracking, the importance of having the capability to edit previous data becomes increasingly evident. And team of Product Managers know this which is why, our next feature of MyFINANCIALS will be the “Historical Side Tray”!When you edit these fields, you can ensure that the insights we provide accurately reflect your financial performance.Read more about this Historical Tracking here > Need more help? Had enough of trying everything else? Just keen to have a yarn with a real, living, most likely human being? No worries! We're here to lend a hand with any questions, concerns, or issues you've got. Our Support Team is stoked to tackle any queries you've got about Moorr. Whether you're battling to sort out tricky expenses, reckon you've found a bug, or perhaps you've got a great idea for the app, we're all ears! Contact Support

Home > How It Works > Journeys Sections in this guide Intro Step by Step Process What's Next? Welcome to Moorr! Hello there! Welcome to Moorr, your ultimate money management platform, designed to work seamlessly on both mobile and web. You're here, which means you're ready to embark on an exciting journey to set up your brand new Moorr account on your trusty phone. Fantastic! Buckle up because we're about to dive into a world of financial empowerment and convenience. Let's kickstart this thrilling journey! Setting Up your Account At Moorr, we take pride in ensuring that your onboarding experience is as smooth as a summer breeze. To give you a sneak peek into what awaits you, we've got some helpful screenshots lined up. Before you start, remember this: Don’t worry if you need to close the app in the middle. Your progress will be saved. You also get to choice to skip this whole process by clicking on “Finish” but we recommend you take the time to finish the onboarding so that you can optimise all the insights and dashboards later. Ready to take a peek? Just click on the arrow icon, patiently waiting on the right side of each screenshot, and let's embark on this visual journey through the onboarding process together! Step 1: Once you’ve downloaded the Moorr app, open it and you’ll see the sign up page. Create a new password. We also strongly recommend using high-level and complex passwords to enhance security. Step 2: Read through the Terms & Condition policy. Once you’re done and agree with it, tick on the checkbox for “I accept the Terms & Conditions policy” and click on the “Sign Up” button. Step 3: A pop up will appear. You have the option to turn on your Biometric Authentication here. If it’s turned on, you’ll get the option to log in via your phone’s biometric authentication instead of your password. If you’d like to turn this on, click “Yes” and follow the prompts. If not, “click “No”. Step 4: And your initial sign up is done! The next steps are to fill in some basic information to get you started. Step 5: Read through the Terms & Conditions on the page. Once you’re done, click “Accept”. Step 6: The rest of your onboarding will be guided by Opti. Let’s start with your name. Step 7: Select the household that relates to you the most. Step 8: (If applicable) Enter your partner’s name. Step 9: And we’re now in the numbers side of things! Let’s start with “Assets”. Step 10: Select “Properties”. Step 11: Enter the number of properties. If you don’t own any properties, click on “Skip”. Step 12: Follow the prompts and enter the details of your properties. A rough figure will do since you’ll be able to update this later. Click on “Next”. Step 13: Select “Bank Accounts”. Follow the prompts and enter the details of your accounts. A rough figure will do since you’ll be able to update this later. Click on “Next”. Step 14: Select “Investments”. Follow the prompts and enter the details of your investments. A rough figure will do since you’ll be able to update this later. Click on “Next”. Step 15: And you’re done with Assets! Click “Next”. Step 16: Alrightey, let’s go with Borrowings next. Click on “Borrowings”. Step 17: Enter the number of borrowings. If you don’t own any, click on “Skip”. Step 18: If you do have borrowings (credit card, home loan, HECS etc.), follow the prompts and enter the details of your borrowings. A rough figure will do since you’ll be able to update this later. Click on “Next”. Step 19: And you’re done with Borrowings! Click “Income”. Step 20: Click on “Add an income” Step 21: Follow the prompts and enter your income details. Once you’re done, click “Save”. Step 22: Repeat the same steps if you have a partner. Otherwise, click “Next”. Step 23: And you’re done with Income! Click on “Expenses”. Step 24: Select the items that you spend your money on and click “Next”. Step 25: You’ll now see the list of expenses items. Click on “Set Up” to enter the amount. Step 26: Now, let’s enter a rough amount for each of the expenses category! Essential means it is a mandatory amount while discretionary are expenses that you can choose to not spend if you have to. If you don’t know the amount for each expenses, that’s ok! Click “Next” to skip it. You can add them later. Step 27: Once you’ve gone through the expenses, click on “Completed”. Step 28: Did you see al the tick marks? You’re very close! Click on “Finish”. Step 29: AND THAT’S IT! You have now finished your onboarding for Moorr. Feel free to explore around and update those numbers so you optimise the reporting in this platform. 😊 Step 1: Sign Up to your Free Moorr Account. We also strongly recommend using high-level and complex passwords to enhance security. Simple text, numbers, and birthdays of yourself, partners, or family members should be avoided. We recommend passwords to include: At least 1 Upper Case alphabet At least 1 Lower Case alphabet Include Numbers Include characters like: !,@%$ Step 2: Read through the Terms & Condition policy. Once you’re done and agree with it, tick on the checkbox for “I accept the Terms & Conditions policy” and click on the “Sign Up” button. Step 3: A pop up will appear. You have the option to turn on your Biometric Authentication here. If it’s turned on, you’ll get the option to log in via your phone’s biometric authentication instead of your password. If you’d like to turn this on, click “Yes” and follow the prompts. If not, “click “No”. Step 4: And your initial sign up is done! The next steps are to fill in some basic information to get you started. Step 5: Read through the Terms & Conditions on the page. Once you’re done, click “Accept”. Step 6: The rest of your onboarding will be guided by Opti. Let’s start with your name. Step 7: Select the household that relates to you the most. Step 8: (If applicable) Enter your partner’s name. Step 9: And we’re now in the numbers side of things! Once we’ve started, don’t worry if you need to close the app in the middle. Your progress will be saved. You also get to choice to skip this whole process by clicking on “Finish” but we recommend you take the time to finish the onboarding so that you can optimise all the insights and dashboards later. Now, let’s start with “Assets”. Step 10: Select “Properties”. Step 11: Enter the number of properties. If you don’t own any properties, click on “Skip”. Step 12: Follow the prompts and enter the details of your properties. A rough figure will do since you’ll be able to update this later. Click on “Next”. Step 13: Select “Bank Accounts”. Follow the prompts and enter the details of your accounts. A rough figure will do since you’ll be able to update this later. Click on “Next”. Step 14: Select “Investments”. Follow the prompts and enter the details of your investments. A rough figure will do since you’ll be able to update this later. Click on “Next”. Step 15: And you’re done with Assets! Click “Next”. Step 16: Alrightey, let’s go with Borrowings next. Click on “Borrowings”. Step 17: Enter the number of borrowings. If you don’t own any, click on “Skip”. Step 18: If you do have borrowings (credit card, home loan, HECS etc.), follow the prompts and enter the details of your borrowings. A rough figure will do since you’ll be able to update this later. Click on “Next”. Step 19: And you’re done with Borrowings! Click “Income”. Step 20: Click on “Add an income” Step 21: Follow the prompts and enter your income details. Once you’re done, click “Save”. Step 22: Repeat the same steps if you have a partner. Otherwise, click “Next”. Step 23: And you’re done with Income! Click on “Expenses”. Step 24: Select the items that you spend your money on and click “Next”. Step 25: You’ll now see the list of expenses items. Click on “Set Up” to enter the amount. Step 26: Now, let’s enter a rough amount for each of the expenses category! Essential means it is a mandatory amount while discretionary are expenses that you can choose to not spend if you have to. If you don’t know the amount for each expenses, that’s ok! Click “Next” to skip it. You can add them later. Step 27: Once you’ve gone through the expenses, click on “Completed”. Step 28: Did you see al the tick marks? You’re very close! Click on “Finish”. Step 29: AND THAT’S IT! You have now finished your onboarding for Moorr. Feel free to explore around and update those numbers so you optimise the reporting in this platform. 😊 What's Next After That? Congratulations on completing your onboarding journey! 🎉 Now, you've unlocked a treasure trove of insights and features, all at your fingertips. Now, let's practice what you learn! Download our mobile app and supercharge your financial prowess. To make it even easier for you, just scan the QR code below with your smartphone, and voilà, the app is yours. Now, what's next? Here's a roadmap for your financial adventure: Download the mobile app if you haven't already down so (scan the QR Code above with your phone) Check out the Wealth Dashboards, MoneySTRETCH & MoneyFIT Enter your aspirations in the MyGOALS section Update your income, expenses, asset and liabilities with more accurate number And of course... Use Moorr like a pro and implement Money SMARTS! Click here to find out how > Try Moorr For Free Today Spend money on the things you want without guilt and save for the future with confidence. You can have the best of both worlds. Achieve more, with Moorr DESKTOP MOBILE DESKTOP STEP 1 Create your free account So much to realise & gain, nothing to lose. STEP 2 Input Your Info Onboard with your hopes, dreams & finances. STEP 3 Achieve more, with Moorr Start planning & living your Lifestyle-by-Design. GET STARTED NOW *It’s 100% free. No Strings Attached.MOBILE STEP 1 Create your free account So much to realise & gain, nothing to lose. STEP 2 Input Your Info Onboard with your hopes, dreams & finances. STEP 3 Moorr on the go! Start planning & living your Lifestyle-by-Design. Scan Me or download IN: MOBILE WEB APP MOBILE STEP 1 Create your free account So much to realise & gain, nothing to lose. STEP 2 Input Your Info Onboard with your hopes, dreams & finances. STEP 3 Moorr on the go! Start planning & living your Lifestyle-by-Design. Scan Me or download IN: WEB APP STEP 1 Create your free account So much to realise & gain, nothing to lose. STEP 2 Input Your Info Onboard with your hopes, dreams & finances. STEP 3 Achieve more, with Moorr Start planning & living your Lifestyle-by-Design. GET STARTED NOW *It’s 100% free. No Strings Attached.

Home > How It Works > Journeys Sections in this guide Intro Step by Step Process What's Next? Welcome to Moorr! Hello there! Welcome to Moorr, your ultimate money management platform, designed to work seamlessly on both mobile and web. You're here, which means you're ready to embark on an exciting journey to set up your brand new Moorr account on your trusty laptop or desktop. Fantastic! Buckle up because we're about to dive into a world of financial empowerment and convenience. Let's kickstart this thrilling journey! Setting Up your Account At Moorr, we take pride in ensuring that your onboarding experience is as smooth as a summer breeze. To give you a sneak peek into what awaits you, we've got some helpful screenshots lined up. Ready to take a peek? Just click on the arrow icon, patiently waiting on the right side of each screenshot, and let's embark on this visual journey through the onboarding process together! Step 1: Sign Up to your Free Moorr Account. We also strongly recommend using high-level and complex passwords to enhance security. Step 2: Open your Authenticator App on your smartphone and scan the QR Code. Once you’ve scanned it, you should see a new line appears on your app that says “moorr (your email)”. Click “I have scanned, Next Step” button on your laptop. Step 3: A pop up will appear to confirm that you’ve scanned the QR code. Click “Yes”. Step 4: Enter the 6-digit code from the Authenticator App on your smartphone. Step 5: Read through the Terms & Conditions on the page. Once you’re done, tick the checkbox that says “Agree with Terms & Conditions”. Step 6: And your account is now activated! The next steps are to fill in some basic information to get you started. Step 7: Let’s start with your first name and if applicable, your partner’s first name too. Once you’re done, click “Start”. Step 8: You’ll see a list of checkboxes. It’s simply a list that gives you guidance on how to gather your income and expenses as per MoneySMARTS. You do not need to complete these checkboxes. Step 9: Scroll further down and you’ll see a simple quiz on your future goals. We strongly recommend you fill in this quiz as it’ll help you focus on what matters to you. Step 10: Once you’re done with the quiz, click “Next Step”. Step 11: Now, it’s time to enter some basic numbers. Enter your Income (a rough number will do since you’ll be able to update this later). Step 12: Scroll down and you’ll see some common Expenses categories that applies to an average Australian household. Next to the expenses, you’ll see the recommended bank account for each of them as per Money SMARTS system. You don’t need to do anything here and you can always change the recommended bank account later. Step 13: Scroll further down and you’ll see “Other Expenses”. If there are any categories that were missing earlier, feel free to add it here. You can also add these later. If you’ve got any loans i.e. home loans, car loan, credit cards etc., please add the details here such as the amount owing and interest rate. A very rough figure will do since you’ll be able to update this figure later as well. Once you’re done, click “Next Step”. Step 14: Now, let’s enter a rough amount for each of the expenses category! Essential means it is a mandatory amount while discretionary are expenses that you can choose to not spend if you have to. If you don’t know the amount for each expenses, that’s ok! You can add them later. Step 15: If you’d like to skip this section or you’re done, click “Next”. Step 16: On this page, you’ll see some suggestions from our best seller book, Make Money Simple Again, on how to best implement MoneySMARTS later on. Step 17: Have a read but don’t worry if you’re keen to get started and wants to open up the platform, just scroll all the way down and click “Got it! Open Up MoneySMARTS!”. Step 18: AND THAT’S IT! You have now finished your onboarding for Moorr. Feel free to explore around and update those numbers so you optimise the reporting in this platform. 😊 Step 1: Sign Up to your Free Moorr Account. We also strongly recommend using high-level and complex passwords to enhance security. Simple text, numbers, and birthdays of yourself, partners, or family members should be avoided. We recommend passwords to include: At least 1 Upper Case alphabet At least 1 Lower Case alphabet Include Numbers Include characters like: !,@%$ Step 2: Open your Authenticator App on your smartphone and scan the QR Code. Once you’ve scanned it, you should see a new line appears on your app that says “moorr (your email)”. Click “I have scanned, Next Step” button on your laptop. Step 3: A pop up will appear to confirm that you’ve scanned the QR code. Click “Yes”. Step 4: Enter the 6-digit code from the Authenticator App on your smartphone. Step 5: Read through the Terms & Conditions on the page. Once you’re done, tick the checkbox that says “Agree with Terms & Conditions”. Step 6: And your account is now activated! The next steps are to fill in some basic information to get you started. Step 7: Let’s start with your first name and if applicable, your partner’s first name too. Once you’re done, click “Start”. Step 8: You’ll see a list of checkboxes. It’s simply a list that gives you guidance on how to gather your income and expenses as per MoneySMARTS. You do not need to complete these checkboxes. Step 9: Scroll further down and you’ll see a simple quiz on your future goals. We strongly recommend you fill in this quiz as it’ll help you focus on what matters to you. Step 10: Once you’re done with the quiz, click “Next Step”. Step 11: Now, it’s time to enter some basic numbers. Enter your Income (a rough number will do since you’ll be able to update this later). Step 12: Scroll down and you’ll see some common Expenses categories that applies to an average Australian household. Next to the expenses, you’ll see the recommended bank account for each of them as per Money SMARTS system. You don’t need to do anything here and you can always change the recommended bank account later. Step 13: Scroll further down and you’ll see “Other Expenses”. If there are any categories that were missing earlier, feel free to add it here. You can also add these later. If you’ve got any loans i.e. home loans, car loan, credit cards etc., please add the details here such as the amount owing and interest rate. A very rough figure will do since you’ll be able to update this figure later as well. Once you’re done, click “Next Step”. Step 14: Now, let’s enter a rough amount for each of the expenses category! Essential means it is a mandatory amount while discretionary are expenses that you can choose to not spend if you have to. If you don’t know the amount for each expenses, that’s ok! You can add them later. Step 15: If you’d like to skip this section or you’re done, click “Next”. Step 16: On this page, you’ll see some suggestions from our best seller book, Make Money Simple Again, on how to best implement MoneySMARTS later on. Step 17: Have a read but don’t worry if you’re keen to get started and wants to open up the platform, just scroll all the way down and click “Got it! Open Up MoneySMARTS!”. Step 18: AND THAT’S IT! You have now finished your onboarding for Moorr. Feel free to explore around and update those numbers so you optimise the reporting in this platform. 😊   What's Next After That? Congratulations on completing your onboarding journey! 🎉 Now, you've unlocked a treasure trove of insights and features, all at your fingertips. But wait, there's more – you can take Moorr with you on your mobile device! Simply download our mobile app and supercharge your financial prowess. To make it even easier for you, just scan the QR code below with your smartphone, and voilà, the app is yours. Now, what's next? Here's a roadmap for your financial adventure: Check out the Wealth Dashboards, MoneySTRETCH & MoneyFIT Enter your aspirations in the MyGOALS section Update your income, expenses, asset and liabilities with more accurate number Use Moorr like a pro and implement Money SMARTS! Click here to find out how > And of course... Download the mobile app! (scan the QR Code above with your phone) Try Moorr For Free Today Spend money on the things you want without guilt and save for the future with confidence. You can have the best of both worlds. Achieve more, with Moorr DESKTOP MOBILE DESKTOP STEP 1 Create your free account So much to realise & gain, nothing to lose. STEP 2 Input Your Info Onboard with your hopes, dreams & finances. STEP 3 Achieve more, with Moorr Start planning & living your Lifestyle-by-Design. GET STARTED NOW *It’s 100% free. No Strings Attached.MOBILE STEP 1 Create your free account So much to realise & gain, nothing to lose. STEP 2 Input Your Info Onboard with your hopes, dreams & finances. STEP 3 Moorr on the go! Start planning & living your Lifestyle-by-Design. Scan Me or download IN: MOBILE WEB APP MOBILE STEP 1 Create your free account So much to realise & gain, nothing to lose. STEP 2 Input Your Info Onboard with your hopes, dreams & finances. STEP 3 Moorr on the go! Start planning & living your Lifestyle-by-Design. Scan Me or download IN: WEB APP STEP 1 Create your free account So much to realise & gain, nothing to lose. STEP 2 Input Your Info Onboard with your hopes, dreams & finances. STEP 3 Achieve more, with Moorr Start planning & living your Lifestyle-by-Design. GET STARTED NOW *It’s 100% free. No Strings Attached.

Free & No-Obligation Mortgage Review Free & No-Obligation Mortgage Reviewhttps://www.youtube.com/watch?v=9jBqRofUqVsReady to Get Started?  First Name Last Name Email Mobile CommentsThis field is for validation purposes and should be left unchanged. Keen to know what to expect? Click here.And if you're wondering... What's the Next Step? https://www.youtube.com/watch?v=NiFeaHbCTK4Cameron O.Client since July 2006https://www.youtube.com/watch?v=92vKffiDfH4Matt & Emma B.Client since June 2015https://www.youtube.com/watch?v=3nIeuGg6Vw0Damon D.Client since March 2021But wait, there's more! Check out our Google Reviews... © Moorr. All Rights Reserved

Having Trouble Logging In? Don't worry! We're here to help. You'll have the most common FAQ below to help you step by step. You'll be able to access your account in no time! Not sure how to use Google Authenticator? Google Authenticator is an extra layer of protection we use to ensure the security of your account beyond just an email and password. We are on a crusade to help you manage your money, yes, but we’re also on a crusade to keep this financial information safe! We’ve prepared two articles that will help you in this: Logging in for the first time: Click here Returning User logging in: Click here Can I reset my password? Certainly! If you’ve forgotten your password and need to reset it, it’s simple. Just click on the button below. Forgot Password Steps My Google Authenticator codes aren’t working? There could be two reasons why this is not working: You’ve entered a space in between the 6 digits. On the app, it can be confusing because there seems to be a space. But when entering the code in the portal, please remove the space. Or it could be because the time on your Google Authenticator app is not synced correctly. If that’s the case, click on the button below to find out the steps to correct the times and fix the problem. Click here I see multiple tokens in my phone like below? If you’re seeing multiple tokens in your phone, this means you’ve scanned the QR code more than once. Not a worry at all, click on the button below and we’ll step through the process on how to sort this out with you. Click here I've got a new phone/accidentally deleted my Authenticator code. All good! You can actually reset it yourself with a couple of steps. Log in to Moorr and when asked for the authenticator, enable your email as an authenticator method (Click here to find out how) You’ll receive the authentication code via email instead Once you’ve successfully logged all the way in, you might want to reset your authentication method back to the Authentication app. Click here to find out how. I keep getting asked for a code, but I haven’t scanned the barcode or used the App on my phone yet? Not a worry at all. You might have accidentally clicked “next” without scanning the Google Authenticator barcode. Basically, you are stuck on this page and can’t go back to scan your code OR move forward to the Moorr Platform! It’s a very simple fix though. Log in to Moorr and when asked for the authenticator, enable your email as an authenticator method (Click here to find out how) You’ll receive the authentication code via email instead Once you’ve successfully logged all the way in, you might want to reset your authentication method back to the Authentication app. Click here to find out how. I didn’t receive a verification code? Please open up the Google authenticator App on your smart phone. The 6-digit code to login will be found there. If you can’t see any codes in there, it could be that you haven’t scanned it previously or it got accidentally deleted. If that’s the case, don’t worry! It’s an easy fix. Just follow the steps below: Log in to Moorr and when asked for the authenticator, enable your email as an authenticator method (Click here to find out how) You’ll receive the authentication code via email instead Once you’ve successfully logged all the way in, you might want to reset your authentication method back to the Authentication app. Click here to find out how. Which Journey Are You On? Moorr is like having a high-speed, personal financial advisor in the palm of your hand. Here’s how you can start taking complete control of your money and go from “I think I’m good with money” to “I know I’m moving towards financial wellbeing”. Implementing Money SMARTS via Moorr Find out about our 7 Steps Process here and how to best use Moorr for Money SMARTS! Supercharge Your Surplus Money How would you set up Moorr to trap your every dollar and build wealth Rapid Home Deposit Saver Tips on how you can save for a home deposit as quickly as possible! Credit Card Survivor Step-by-step through the process of recovering from credit card debt and regaining control of your finances. Slash & Burn your Mortgage Keen to pay off your mortgage as quickly as possible and become debt-free? Check this one out! Need more help? Had enough of trying everything else? Just keen to have a yarn with a real, living, most likely human being? No worries! We're here to lend a hand with any questions, concerns, or issues you've got. Our Support Team is stoked to tackle any queries you've got about Moorr. Whether you're battling to sort out tricky expenses, reckon you've found a bug, or perhaps you've got a great idea for the app, we're all ears! Contact Support

WealthSPEED® & WealthCLOCK® And how they are going to change the way you look at your Financial World? Setting up for Financial Success In my formative years of learning about money and investing, there were two pivotal concepts that really stood out. These two concepts set me on a learning journey that I’m still living out today. They have greatly impacted and influenced many of my decisions and ultimate actions over the decades, allowing me and my family the ability to achieve the financial security of never having to worry about money again. Complete Financial Peace.  Accordion Title Accordion Content Read more of Ben's message Compound Interest – I remember the first time I learnt about the power of compounding interest, described by Albert Einstein as the eighth wonder of the world. As a 16-year-old discovering this concept, this was initially met with a few sceptic reactions, as the scale of such accumulating values, compounding like they did, quickly to numbers that were hard to comprehend. Well let’s just say it took a little time to sink in, but it did and with that, it changed my life.Borrowing Leverage – I discovered this concept in my early twenties. Whilst being mindful of the risk /reward equation, having the ability to control an asset of higher value to achieve a superior cash-out on cash-in return was instrumental in my investment thinking, my cashflow management and my actions in those formative years.As I reflect on these two foundational concepts, I think about the learning gifts they gave me, not just in the numbers sense, but in how they triggered a behavioural response in me to learn more, and to understand more of the moving parts that make up mastering one’s finances. This built my confidence to then put that knowledge into action.It’s now my turn to pay it forward, by sharing this new learning gift with you.It is a new concept, developed by my team and I, via working with thousands of clients. I believe it will be a true game changer for you.These financial indicator tools take away the pain of not knowing where you truly stand right now. They are the best ‘current state of play’ indicators you can have. And best of all, they are so simple to use, and just as impossible, so simple to help you understand what’s going on.Your financials have never been presented to you in this way before.Once you see them this way, I strongly believe you won’t go back to looking at them in a static fashion ever again. Furthermore, when it comes your time for you to reflect on what concepts drove your motivation and behaviours, to help you achieve your financial peace story, maybe WealthSPEED® and WealthCLOCK® might get a mention from you 😊.In closing I want to acknowledge that I started early on my journey to financial peace. I realise you might be reading this, and your twenties might be just or well behind you. Right at this moment, that’s not relevant, nor can anyone change what’s in the past, anyway.Hmm, let me tweak my statement just a little.If you take a moment to learn about – WealthSPEED® and WealthCLOCK® and put this knowledge into action to calculate your own WealthSPEED® and WealthCLOCK® results, that’s when I can honestly say – that’s all that matters for you right now.Remember, Knowledge is Empowering, but only if you act on it.All the best on your journey to financial peace.Ben Kingsley,Co-Creator of Moorr WealthSPEED Tree General Accordion Title Accordion Content What exactly is WealthSPEED®?: Technically Speaking: It’s a calculation that measures the speed of wealth being generated and turns this calculation into an hourly rate. It does this by calculating income (NetIncomeSPEED™) versus spending (SavingSPEED™), asset value change (AssetSPEED™), and principal payments of loans (DebtReductionSPEED™). It’s calculated using a 24hour, hourly rate. Whilst that is its technical definition – its true purpose and its ultimate magical power lies in its ability to drill one’s total financial story down into one single and easy to understand financial indicator. And by doing so, it brings awareness and motivates one into action. More What exactly is WealthCLOCK®?: Technically Speaking: It is a running calculation that starts by summing up your Total Net Worth, and then using the WealthSPEED®’s hourly rate value, it moves your Wealth, in the direction of your WealthSPEED® in real time.Very Cool, right!More Why did we produce the concept of WealthSPEED® and WealthCLOCK®? Traditional Financial reporting tools are often static insights – Here is your income, expenses, liabilities and a sum of your assets. Whoop-de-do, they don’t really give you any clues on what is working for you or not, nor any clues on how to move forward. As professional advisors in the financial, property and wealth creation space, it became strikingly clear to us that many households had limited insights into how their wealth and future retirement plans were tracking. This meant many were surprisingly disappointed, even shocked, when presented with their current forecasts or projections. For us, we couldn’t let this just happen on our watch. This presented us with a huge challenge which has transformed into a mission to help more Australians achieve financial independence. Creating and building WealthSPEED® and WealthCLOCK® into the Moorr® platform is an essential part of that mission. For us, we are now driven on this mission to play a helping hand. These ‘Next Generation’ financial instruments are forward-looking and help you to see where you are at right now and the pathway ahead.   More Who can benefit from using the WealthSPEED® & WealthCLOCK® indicator tools? These tools were built for anyone who is planning to retire one day. Yes, that really does mean everyone could benefit from having this their current state of financial play assessed, because that’s what it does. When combined with the other Speed Gauges, which makes up WealthSPEED®, Moorr® users will see a truly clear and easy to digest picture of their current ‘forward-looking’ summary.   More When should I start using WealthSPEED® and WealthCLOCK® Well, given yesterday is gone, today is as good a time as any. Seriously though, both tools have been built with historical tracking features, meaning as soon as you have added in your financial information into Moorr®, we are already tracking and recording your results for you. Remember your starting goal is to make your WealthSPEED® go faster! So, get started today if you haven’t already done so.  Learning about the Speed Indicators & Gauges: Before we unpack them, it is important to first understand that a hierarchical relationship exists between some of the Speed Indicators and Gauges with all roads eventually leading to WealthSPEED® and then implementing this value, runs your WealthCLOCK®. Watch Video here  How does it all fit together? Explore the WealthSPEED Tree: So how does it all fit together?As you can see from the illustration, all roads lead to WealthSPEED as a single tracking metric you can use to track your performance in building wealth. Additionally, in seeing the big picture relationship, you can utilise these insights to help identify potential areas for improvement & opportunities to make your WealthSPEED go faster.For example, changes to your NetIncomeSPEED through a pay rise will have a positive effect on your overall WealthSPEED, as will  increases in acquisition of investment assets, through a faster AssetSPEED.A high SavingSPEED yet low PassiveIncomeSPEED or low AssetSPEED might indicate to you that your money isn’t working as hard as it could be for you and as such there might be missed investment opportunities currently for you. Or an AssetSPEED that is geared heavily towards SuperSPEED might indicate a need to seek some advice about diversify your investment portfolio.The key takeaways here is, if you want to retirement financially free, your PassiveIncomeSPEED needs to be healthy, otherwise you could be working longer and harder to reach your retirement goals.WealthSPEED and it’s supporting speed gauges are here to make sure you have the clear financial picture from which to build on. Cashflow Cashflow is your fuel that drives your car. I talked earlier about how leverage has been instrumental in helping me accelerate my path to financial peace, but given it also increases one’s risk, you cannot play the game of investing without sensible risk mitigation. The foundations of this can only be found in sound cashflow management and forward modelling. In this section you are going to learn about the financial indicators that reveal your current financial story. It is calculated by deducting your total income flowing in (NetIncomeSPEED™) from the total spending (SpendingSPEED™) flowing out of your household, with whatever left over being represented as one’s SavingSPEED™.  Accordion Title Accordion Content NetIncomeSPEED™ Is calculated by adding your WorkingIncomeSPEED™ with PassiveIncomeSPEED™ and adjusting for any tax payable. When you think about NetIncomeSPEED™, think about it as net income that is available to you as part of your cashflow planning.Let’s now breakdown the WorkingIncomeSPEED™ and PassiveIncomeSPEED™.Let’s now breakdown the WorkingIncomeSPEED™ and PassiveIncomeSPEED™. WorkingIncomeSPEED™ Is calculated as gross income (before tax) created via exertion of your effort and your time.The diagram, explains the sources of WorkingIncomeSPEED™.Noting that any Super Salary Sacrifice or Other Salary Sacrifice is subtracted from within the Speed calculation, as this money is committed elsewhere, and as such isn’t available to you currently.Gross income is used because we need to understand the impact of passive income and tax deductions on total taxable income before we can assess and adjust for any potential tax liability to ultimately calculate your NetIncomeSPEED™.  PassiveIncomeSPEED™ As the name suggests is calculated by the income you are generating passively, from your investments.  The diagram above explains the sources of PassiveIncomeSPEED™, which is made up of RentalIncomeSPEED™; which is all income generated from the investment property assets you own, and InvestmentIncomeSPEED™; which captures all the other investment income being generated from these investments.That completes the ‘money in’ income side of the cashflow equation, now let’s look at the ‘money out’ – expenses side of the equation. SpendingSPEED™ Is calculated by capturing all your expenses. Money flowing out of your household impacts what cashflow (savings) is left over. (If I were to use the wealth creation car analogy here, this gauge would be referred to as the brakes that slow the car down).The diagram on the right, explains the sources of SpendingSPEED™. It captures the total expenditure right across your household at this moment in time, based on the financial information you have input. It’s then summarised neatly into an hourly rate of money flowing out.You have now learnt about both sides of the cashflow equation and what is left over is hopefully a surplus of household money. So, let’s now learn about this surplus, most commonly referred to as household or personal savings. SavingSPEED™ Is the calculated hourly rate at which you are forecast to accumulate surplus cashflow or ‘money’. Put simply, income less expenditure. (This is our proxy for surplus cashflow – the fuel in our wealth creation car)Let us now take a moment to bring this cashflow story board together with the below diagram, which does an excellent job in illustrating the source and sequential flow, to help us best understand their moving parts and calculations.  Debt Management Is the next logical learning step, as it has its origins in the cashflow story you just learnt about. The reason for this is, you have choices with how you use your surplus cashflow, one of which is to pay down debt. So, in this section you are learning about the treatment and impact of how we account for you paying down debt, as it relates to these financial indicator tools in Moorr and its impact on your overall WealthSPEED® result. Furthermore, whilst debt management has its origins in surplus cashflow, when you pay down certain debt like mortgage debt, you are in fact increasing your net equity (asset) and overall net worth position.You can understand why I refer to debt as the radiator in our wealth creation car. The hotter the radiator gets, the greater the risk of a breakdown which could cause damage the engine. Too much debt can, and will, put your car at risk of a breakdown or at the very least, force you to slow the speed of your car down if it gets too hot. A true high performing car is designed to run hotter, but in our case, running hotter means the right type of debt, being asset building ‘productive’ debt and NOT personal use debt.Let’s learn more about to application of DebtReductionSPEED™  Accordion Title Accordion Content DebtReductionSPEED™ Is the hourly rate at which the total sum of any principal debt is decreasing. Therefore, with any principal and interest loan repayments, it’s only calculating the principal value/s repayment and not the interest costs value payment.If you had an interest only loan, then the calculation would be zero, as no principal amount is being reduced. It factors in the principal value movement, excluding any interest costs payable. It’s treated positively because it’s using surplus cashflow to reduce any principal debt and this is building your wealth position. Furthermore, the reason it excludes interest costs is because they are already accounted for within SpendingSPEED™ calculation, which you learnt earlier.It looks simple in nature, but again you have a choice with what you do with surplus cashflow, if you are using it to pay down debt, then we need to account for it within the calculation of these financial indicators. Whilst this debt management section was short and sweet to illustrate how these tools work, you must never forget that as you travel through life, you are going to be tempted with many different forms of debt from credit cards and store cards to personal loans, car loans, and the biggest debts of them all, mortgage debt. That means, understanding debt management, what it’s costing you and how to best manage it, from within your cashflow base, is going to make you a better money manager and more wealth if you get it right.  Investments Now I get to teach you about the power of compounding returns over time as we turn your learning attention to measuring the value price movements of assets. And whilst I’m not going to be able to showcase the full power of year-on-year compounding returns in this page, you will start to appreciate the importance of knowing just how these assets are going to play a big and vital role in your wealth creation journey. (And why I refer to this as the ‘turbocharger’ of our wealth creation car).In this section, you are going to learn about the projected total value change in your assets over an annual period. We have broken them down into four separate sub-gauges (PersonalPropertyValueSPEED™, InvestmentPropertyValueSPEED™, OtherInvestmentValueSPEED™ and SuperSPEED™), with the combination of these gauges summing up to calculate the total AssetSPEED™ indicator.Oh, and apologies for the ‘extended’ naming convention, but at the end of the day we decided to use them, because they really do make it easy to understand what each gauge represents. Accordion Title Accordion Content PersonalPropertyValueSPEED™ Is calculated as the sum total of all projected annual growth for all personal properties, brought back to an hourly rate. The growth figure used to help calculate this value, is the Projected Capital Growth (%) figure taken from what has been inputted within your Property Card entry, where the primary purpose is selected as Home or Personal Use.The diagram above shows the total of one’s personal property, which would include holiday homes, or any personal vacant land held by you/your household. InvestmentPropertyValueSPEED™ Is calculated as the sum total of all projected annual growth for all investment properties, brought back to an hourly rate. The growth figure used to help calculate this value is the Projected Capital Growth (%) figure taken from the Properties section within the Financials main menu of the Moorr platform, where the primary purpose is selected as an investment property asset in the desktop version or on the mobile version within the Financial Cards section of the app.(My favourite of course, but I’m biased, as property has made a lot of money for me and my family over the years)The diagram above shows the total of one’s investment property/ies, held by you/your household, which is personally owned (not owned in any other entity, which I talk about more in the ‘Other important stuff & FAQ’ below). OtherInvestmentValueSPEED™ Is calculated as the total sum of all projected annual growth, and other increases in value including contributions and/or dividend reinvestments (but it excludes interest on savings, because we treat this as income). This calculation relates to all other investments, outside of property and superannuation. The growth figure used to help calculate this value is the Projected Capital Growth (%) figure taken from within the Investments profile area, under Other Assets sub-menu, which lives within the Financials main menu of the Moorr platform in the desktop version or on the mobile version within the Financial Cards section of the app.The diagram shows the total value of all the potential different investment sources, ensuring the calculation captures any other asset believed to have appreciating potential and of which is personally owned, not owned in any other entity, because we are measuring household or personal wealth in these calculations.  SuperSPEED™ Is calculated as the total of your household superannuation balance growth at an hourly rate and includes employer contributions received while working, as well as any salary sacrifice or post-tax contributions to your superannuation.Going a little deeper now. The growth of your super balance includes the Super’s Balance Earnings, your employer contributions and other contributions you make to your Super via salary sacrifice or post tax contributions.Balance Earnings is calculated as the sum total of existing Super multiplied by the Superannuation Earnings Rate. We set a default rate for this at 5.5% which is net of all Superannuation fund fees and charges, but you can adjust the value by locating the Projected Superannuation Earnings Rate (%) within the Superannuation profile area under the Other Assets sub-menu, within the web/desktop version, or in the mobile app version within the Financial Cards section of Moorr®Following the rules of superannuation, when you are working, you receive contributions paid into your Super, referred to as Employer Contributions – which are calculated based on your salary, after deducting any salary sacrifice into Superannuation, or other salary sacrifice, multiplied by the current minimum employer contribution rate, set by the government and adjusted for tax payable within the super fund (not your individual marginal tax rate).The diagram shows the source of contributions that make up the total value of your SuperSPEED money you have tucked away in your Super. Note: For couples, the calculations in Moorr® are performed individually, before being added together to make up the household hourly rate value.The brings us the AssetSPEED™. AssetSPEED™ Is the sum of each of the four-investment asset sub-gauges, making up the total asset growth indicator.The diagram above shows these asset values adding up to make the AssetSPEED™ indicator hourly rate value.Before we move on to the relationship diagram for AssetSPEED™ it’s important to circle back to the compounding growth story and to highlight the distorted SPEED results one might get if they use unrealistic and potentially misleading Projected Capital Growth annual percentage values, or in the case of SuperSPEED™, the Projected Superannuation Earnings Rate (%). It’s prudent to be realistic about any compounding growth rate being forecast, so I hope you apply a cautious estimate when inputting these values to give you the most realistic picture of your current position.The diagram below best illustrates how we summarise and bring all the gauges of the AssetSPEED™ side of the WealthSPEED® equation together, as it measures the projected total value movements of assets over an annual period.Now let’s bring the full relationship picture together to display all the gauges and indicators that make up our WealthSPEED® result.This should be your quick reference guide going forward, to help you gain greater understanding of all the gauges and indicators that make up WealthSPEED™. As you build up your understanding and confidence, you start to realise what impact and benefit this tool will have on helping you to take action.   Need more help? Had enough of trying everything else? Just keen to have a yarn with a real, living, most likely human being? No worries! We're here to lend a hand with any questions, concerns, or issues you've got. Our Support Team is stoked to tackle any queries you've got about Moorr. Whether you're battling to sort out tricky expenses, reckon you've found a bug, or perhaps you've got a great idea for the app, we're all ears! Contact Support

Home > How It Works > Journeys Sections in this guide Introduction 7-Step MoneySMARTS System Free Download Conclusion Introduction to MoneySMARTS MoneySMARTS is a powerful money management system designed to help you save more and gain better control over your finances. It goes beyond mere budgeting or banking setups, offering a structured and rules-based solution. The system is user-friendly, time-efficient, and adaptable to various household configurations. It works throughout different life stages, from adolescence to post-retirement. MoneySMARTS empowers you to plan, organise, and manage your money with certainty and confidence. It fills the gap in financial literacy education and has garnered positive feedback from users. In our best selling book, Make Money Simple Again, you'll learn the fundamentals and components of the system before diving into the 7-step implementation process. This book is free for download! Check it out here. If you’re already familiar with the 7-Step process, then buckle up and get ready to experience the incredible benefits of implementing MoneySMARTS via Moorr! The 7-Step MoneySMARTS System The first step toward building wealth is believing in the goal. You must want to achieve this and believe in your ability to achieve financial discipline and self-control. Once you’re clear with your motivation, you’ll be ready to embrace this change. Step 1: Gather If possible, combine your finances by setting up a joint bank account. This will allow your combined money to work harder for you, improving your overall outcome. If you prefer separate accounts, you can still use the MoneySMARTS system with virtual jars to track your surplus amounts. At this stage, gather all your financial documents including payslips, bank statements, and credit card statements. Familiarise yourself on where to look for this information. Is it on an online banking platform? What are your login details? Or is it a paper trail? Do you know where you’ve stored them? Or are they in your email inbox? By gathering your financial documents, you’ll start to understand your income, savings, assets, and outstanding debts. Identifying your surplus money will be crucial in creating a plan for building wealth. Checklist for information required to start MoneySMARTS: Bank Statements Credit Card Statements Helpful tips in gathering income: PAYG – If your income is made up of an hourly rate, commissions, allowances etc., gather up about 3-6 months of payslips Self-Employed or Business Owners – Your last 2 tax returns Rental Income – Last couple of rental statements Investment Income – Last couple of years of share dividend records, managed fund statements, or refer to your tax returns Government Income – Child allowance, personal carer statement, etc. A quick scan of recent Bank Account statements may reveal other sources of income Helpful tips in gathering expenses: General Spending – Ideally it’s best to go back and look over your past 6 months of bank and credit card statements to get a clearer picture of ‘where it all goes’ Provisioning Spending – Think about the big things you plan to spend your money on over the next year. It could be anything from replacing your couch to spending on gifts. Document what these planned expenses are for the coming year. How can Moorr Help?: Create your free account, log in, and follow the prompts. You’ll be asked to enter some numbers. Don’t worry if you don’t know it off the top of your head. Just put in a rough figure, and you can update it once you know for certain. Step 2: Sort Organise your financial documents and sort through the numbers. Record your income, savings, assets, and outstanding debts. Having a clear understanding of your finances is essential in crafting a successful money management plan. How can Moorr Help?: Now that you have the financial documents, update each section in Moorr, particularly the income, assets, and borrowings sections. We’ll work on the expenses next. Step 3: Determine Your Financial Picture - Calculate Break down your spending into essential living expenses and discretionary items. Identify and calculate your surplus money, which will be crucial in building your own lifestyle by design. Knowing how much you can allocate to your financial goals is the key to success. How can Moorr Help?: Let’s track your spending! Get a copy of your bank statement for the last 12 months and get your calculator ready! Once you’ve got your bank statement, start categorising. You can find all the common bill and spending expenses on Moorr. Start there! If you're wondering how to categorise from a statement, it might be best to have it in an Excel spreadsheet first, and then transfer it to Moorr. Break your spending into: Regular spending – Ideally it’s best to go back and look over bank statements and credit card statements from the past 12 months to get a clear picture of where all your money goes. (Getting your numbers as accurate as you can might take a bit of effort now, but you will be glad when you’ve done it, because it will mean a lot less work when you have MoneySMARTS up and running.) Note the monthly average in your Excel sheet. We’ll transfer it to Moorr soon. Provisioning spending – Think about the big things you plan to spend your money on over the next year. Some of you could be planning on replacing your couch. Others could be spending big on gifts. You need to document what these planned expenses are for the coming year. Go to the MyFinancials section in Moorr and enter what you have recorded as Expenses Cards. Next, go to the MoneySMARTS Dashboard and enter the provisions. Once you've completed all this, check out your Dashboard on Moorr! This is the coolest part because it tells you how much surplus you have and more. It's like a profit and loss statement. If the dashboard shows that you should have a surplus in place, but you don’t, it means you may have overestimated your income or underestimated your expenses/repayments. Make sure to check and update accordingly. And here’s a heads up. The dashboard can means different things depending on your unique financial circumstances. For some, it could look amazing and this means you just need to continue doing what you’re doing and make sure you don’t deviate from this path. For others, this could be a cold harsh reality check but please don’t let it get you down. Use it as a source of motivation to change and to do better. Financial freedom is a journey and just because you are in a tight spot now, it does not mean you’re at a disadvantage. The journey to wealth-building is ongoing, and you’ve got plenty of opportunities for renewal and improvement. As we mentioned earlier, “The first step toward building wealth is believing in the goal. You must want to achieve this and believe in your ability to achieve financial discipline and self-control. “   Step 4: Set Up the System - Banking To run MoneySMARTS successfully, you will need to ensure you have the banking set up properly. If you own the book – refer to the extensive instructions in Chapter 3, pages 30-46 and Chapter 5, pages 94-101. If you have a mortgage, set up your Primary Bank Account and Living & Lifestyle Bank Account as 100% offset accounts on your owner occupier property. And manage your credit card wisely. If you don’t have a mortgage, make sure you’ve got a high interest bank account and are trapping all your surplus there. And this is the time to optimise your spending! Use the MoneySMARTS virtual flour jar categories to calculate your income and expenditure. Identify discretionary spending and areas where you can cut back to increase your surplus income. Once you’ve done that, categorise your regular spending, credit card expenses, direct payments, loans, and planned provisions spending. Analyse each category to determine where you can save more and increase your trapped surplus money. Here are some examples: Living and Lifestyle Expenses: Try and identify non-essential expense items in this category. By cutting back on these, you could save extra per week, which could be used towards your goal. Credit Card Expenses: Keep your bill spending down and shop for better deals! A common one is negotiating phone bills to get better deals with your telco provider. Bank Fees and Accounts: If you have a mortgage: Though your bank fees might seem higher, professional packages often include valuable benefits. Shop around using a Mortgage Broker and consider various factors such as interest rates, borrowing power, credit policy, and more. If you don’t have a mortgage: Look for a high-interest, no-fee account. If interest paid isn’t high enough, try shopping around for a better deal. Ideally, only have one credit card so you can save on fees. Planned Provisions Spending: If you have some flexibility in planned provisions spending, target specific areas especially for holiday and gift items. Make sure your spending is really optimised in these provisions. Primary Account: You have a money surplus, and the trapped surplus money will continue to build up in your 100% offset Primary Account, reducing interest costs. Consider paying down debt more aggressively if you want to tighten your budget further but make sure not to stretch yourself too thin. Banking: If you have a mortgage: Convert all accounts into 100% offset accounts linked to your home mortgage. If it’s not possible to convert some to offsets, consider transferring the money out and closing those accounts. Your Living & Lifestyle Account can be set up as an additional offset account, and you can apply for two debit cards linked to this account. Decide which credit card will be your active card, and keep the second one only for emergencies without fees if you pay it off every month. If you don’t have a mortgage: Choose a high-interest savings account as your Primary Bank Account and arrange for your salary and direct payments to flow into this account. Create a separate Living & Lifestyle Bank Account for weekly allowances. Make sure your weekly allowance is transferring each week into your Living & Lifestyle account – so you have your 7-day float up and running. Be strict with your credit card and ideally only keep one. How can Moorr Help?: Check out our default recommendations! Prepare to be amazed as you journey through Steps 1 to 3! You'll gain a deep understanding of your money habits and develop a newfound awareness of your finances – truly fascinating, isn't it? We've emphasised the importance of having the right mindset from the start, and now, as you check out your Moorr Dashboard, you'll witness your household's money flow in and out with clarity. This crucial insight will guide you in setting up your banking structure effectively. Drawing on our extensive experience in money management and insights from our diverse user base, we've tailored bank account structure recommendations for different bill and spending categories. Keep in mind that these recommendations are general guidelines based on the core principles of MoneySMARTS, and they might need some adjustments to align with your unique spending habits. Feel free to make tweaks as you see fit. Once you've reorganised your banking structure, make sure to update your progress in Moorr. This way, you'll be all set to unleash the full power of MoneySMARTS and start managing your money like a pro! Step 5: Take Action - Check Up Monthly check-ups allow you to track and understand your money and cashflow position in a shorter timeframe to give you clearer insights into how well you are progressing and controlling your money. In short, you are assessing the cashflow for the month – money in and money out – and tracking it against your yearly targets. For book owners jump to Chapter 6, pages 107-125. How can Moorr Help?: Monthly Checkup! This check-up should take less than 10 minutes a month! To see the full reporting and insights, you only need to input three figures in Moorr: Primary Bank account balance Credit Card account balance Your total provision spending for the month. (Tip: You can add this On-The-Go via the app! That way, you don’t have to note it down and best yet, you can see how much provision is left before making that next purchase.) Step 6: Adapt and Improve - Tweak As you embark on your financial journey, remember that flexibility is key. Be open to adjustments and improvements that will help you reach your goals faster. Increase your surplus money by reducing discretionary spending and stay grounded in reality while working towards your goals. You can refer to Step 4 on some suggestions on how to optimise your spending. Tweaking is all about fine tuning your numbers throughout the course of the yearly program. If a bills item has gone up and will remain up, tweak it to reflect the ongoing costs. Soon enough, you'll be a seasoned MoneySMARTS user, and your money will be on autopilot, saving surplus and preventing unconscious overspending. Keep at it, and financial freedom will be yours to enjoy! For book owners refer to Chapter 6, pages 127-129. How can Moorr Help?: The best way to do this is to get a trendline of your spending If you noticed any of these scenarios: You're constantly running out of money in your 7-day float You have a lot left in your 7-day float You’re spending on something that is not provisioned for You’ve got plenty of provisions left When you’re doing your Monthly Check Up, you notice you’re saving less than the targeted surplus Review and ask yourself if you can optimise this and get more accurate with your spending and updating Moorr. Stay grounded in reality, but never lose sight of the ultimate goal— living your lifestyle by design. Moorr is here to support you every step of the way, providing the tools and resources you need to succeed. Step 7: Reflect and Renew - Rollover Rollover is all about planning for the next 12 months of money in and money out. This annual review is very important to ensure you think about what you are going to need for money on a regular basis and also on an ad-hoc basis. The rollover function is about reviewing your overall performance and resetting some of your numbers and most importantly the surplus you are planning to trap for this period! For book owners go to Chapter 6, pages 132-134. How can Moorr Help?: Annual Rollover We’ve made it super easy for you to do an Annual Rollover on Moorr! Simply head to the rollover section on the MoneySMARTS page and follow the prompts. And don’t miss out on all the amazing insights you can get on your dashboard! Here are some suggestions to give you a better insight on what you’ve achieved so far and what you can do in the next 12 months: MoneySMARTS Dashboard: Did you hit your target? What did you spend on most? Check out the Check Up reporting table right at the bottom of the page too. Wealth Dashboard: Has your speed increased? MoneyFIT: How are you doing compared to your peers? If you’re looking for some inspiration on how others similar to you doing, this tool is for you. Free Download MoneySMARTS is an in-house built money management system. It's a rules based system and all about making use of smart banking structures to ensure you don't unconsciously overspend. The principle is simple, but implementation can be complicated depending on your unique situation. That is why we've written a whole book about it! (And it became a best seller too 😎) So if you are keen to find out how MoneySMARTS can work in your own household, choose an "adventure" that fits you best below, and the free book will land in your inbox within the next 5 minutes. Download Here Conclusion Once you’ve got a system in place to trap more surplus, what should you do next? Well, that's really up to you! Invest it, save it, or use it to pay down non-productive debt. Whatever it is, rest assured that you now have the freedom to choose! Try Moorr For Free Today Spend money on the things you want without guilt and save for the future with confidence. You can have the best of both worlds. Achieve more, with Moorr DESKTOP MOBILE DESKTOP STEP 1 Create your free account So much to realise & gain, nothing to lose. STEP 2 Input Your Info Onboard with your hopes, dreams & finances. STEP 3 Achieve more, with Moorr Start planning & living your Lifestyle-by-Design. GET STARTED NOW *It’s 100% free. No Strings Attached. MOBILE STEP 1 Create your free account So much to realise & gain, nothing to lose. STEP 2 Input Your Info Onboard with your hopes, dreams & finances. STEP 3 Moorr on the go! Start planning & living your Lifestyle-by-Design. Scan Me or download IN: MOBILE WEB APP MOBILE STEP 1 Create your free account So much to realise & gain, nothing to lose. STEP 2 Input Your Info Onboard with your hopes, dreams & finances. STEP 3 Moorr on the go! Start planning & living your Lifestyle-by-Design. Scan Me or download IN: WEB APP STEP 1 Create your free account So much to realise & gain, nothing to lose. STEP 2 Input Your Info Onboard with your hopes, dreams & finances. STEP 3 Achieve more, with Moorr Start planning & living your Lifestyle-by-Design. GET STARTED NOW *It’s 100% free. No Strings Attached.

Home > How It Works > Journeys Sections in this guide Intro Your Money Story Assessing Your Money Situation 7-Step MoneySMARTS System Potential Outcomes Free Download Conclusion How to Slash & Burn Your Mortgage Welcome to your guide on how to pay off your mortgage as quickly as possible! It's time to take control of your finances, become debt-free, and get started on your path to financial freedom. Inspired by Case Study 3 in our best-selling book, "Make Money Simple Again," this article is packed with useful tips and real-life scenarios to help you slash and burn your mortgage. Don't miss the opportunity to download the book for FREE and embark on your very own journey to financial freedom! Your Money Story This article will suit you if you are determined to be debt-free, particularly when it comes to your mortgage. You have bought your owner occupier property, and although it has seen some growth, the current mortgage debt is still there. Your goal is to destroy this non-deductible debt as quickly as possible. Assessing Your Money Situation To achieve this dream, you'll explore different scenarios using the MoneySMARTS system. Here's a high-level snapshot of your current financial situation: You have a handy monthly surplus due to your reasonable spending habits. There's potential to cut back on discretionary spending and trap surplus money. Your credit card management is good, with no outstanding balances. Your debts include the mortgage and a car loan. To embark on your journey to pay off the mortgage, let's implement MoneySMARTS's 7-step process! The 7-Step MoneySMARTS System Step 1 & 2 - Gather & Sort: Gather your financial documents, including payslips, bank statements, and credit card statements. Familiarise yourself on where to look for this information. Is it on an online banking platform? What are your login details? Or is it a paper trail? Do you know where you’ve stored them? Or are they in your email inbox? If you are in a relationship and have multiple separate bank accounts, consider combining your finances by setting up a joint bank account. This will allow your combined money to work harder for you, improving your overall outcome. If you prefer separate accounts, you can still use the MoneySMARTS system with virtual jars to track your surplus amounts. For the Sort stage, record your income, savings, assets, and outstanding debts. This will give you a clear view of your financial situation and help you identify areas where you can cut back on spending to increase your surplus income. And don’t lose sight of your motivation! Keep your goal of becoming debt-free in mind. Create a motivational message and put it on your fridge as a reminder of the bigger picture. How can Moorr Help?: Create your free account in Moorr, log in, and follow the prompts. You’ll be asked to enter some numbers. Don’t worry if you don’t know it off the top of your head. Just put in a rough figure, and you can update it once you know for certain. Once you have your financial documents, update each section on Moorr, particularly the income, assets, and borrowings sections. We’ll work on the expenses next. Step 3 & 4 - Calculate & Banking: Use the MoneySMARTS virtual Flour Jar categories to calculate your income and expenditure. Identify discretionary spending and areas where you can cut back to increase your surplus income. Categorize your regular spending, credit card expenses, direct payments, loans, and planned provisions spending. Analyse each category to determine where you can save more and increase your trapped surplus money. Living and Lifestyle Expenses: Try and identify non-essential expense items in this category. By cutting back on these, you could save extra per week, which could be used towards your goal. Credit Card Expenses: Keep your bill spending down and shop for better deals! A common one is negotiating phone bills to get better deals with your telco provider. Bank Fees and Accounts: Though your bank fees might seem higher, professional packages often include valuable benefits. Shop around using a Mortgage Broker and consider various factors such as interest rates, borrowing power, credit policy, and more. Loans: If you have both a mortgage and car loan, consider consolidating your car loan into your mortgage, but only if it provides financial benefits like interest savings or releasing surplus money for investments with better returns. Planned Provisions Spending: If you have some flexibility in planned provisions spending, target specific areas especially for holiday and gift items. Make sure your spending is really optimised in these provisions. Primary Account: You have a money surplus, and the trapped surplus money will continue to build up in your 100% offset Primary Account, reducing interest costs. Consider paying down debt more aggressively if you want to tighten your budget further, but make sure not to stretch yourself too much. Banking: Convert all accounts into 100% offset accounts linked to your mortgage, or transfer the money out and close those accounts. Your Living & Lifestyle Account can be set up as an additional offset account, and you can apply for two debit cards linked to this account. Decide which credit card will be your active card, and keep the second one only for emergencies without fees if you pay it off every month. How can Moorr Help?: Let’s track your spending! Get a copy of your bank statement for the last 12 months. Start categorising and get your calculator ready! If you're wondering how to categorise from a statement, it might be best to have it in an Excel spreadsheet first, and then transferring it to Moorr. Regular spending – Ideally it’s best to go back and look over bank statements and credit card statements from the past 12 months to get a clear picture of where all your money goes. (Getting your numbers as accurate as you can might take a bit of effort now, but you will be glad when you’ve done it, because it will mean a lot less work when you have MoneySMARTS up and running.) Note the monthly average in your Excel sheet. We’ll transfer it to Moorr soon. Provisioning spending – Think about the big things you plan to spend your money on over the next year. It could be anything from replacing your couch to spending on gifts. Document what these planned expenses are for the coming year. Go to the Bills & Spending section in Moorr and enter what you have recorded. Next, go to the MoneySMARTS Dashboard and enter the provisions. Once you've completed all this, check out your Dashboard in Moorr! This is the coolest part because it tells you how much surplus you have and more. It's like a profit and loss statement. If the dashboard shows that you should have a surplus in place, but you don’t, it means you may have overestimated your income or underestimated your expenses/repayments. Make sure to check and update accordingly. This could be a reality check, but use this opportunity to motivate yourself! For Step 4, you might remember that we mentioned combining your finances by setting up a joint bank account. Additionally, leveraging our years of experience in money management and insights from the thousands of users we've served, we've incorporated our account structure recommendations for each category of bills and spending. Please note that this is a general recommendation based on all our users and MoneySMARTS, and may not be customised to your unique spending habits. So, feel free to tweak it as you see fit. Once you've reorganised your banking structure, make sure to update it in Moorr! Step 5, 6 & 7 - Check Up, Tweak & Rollover: Regularly review and check up on your progress and if necessary, tweak your spending to stay on track. You're doing great so far, but you can always do better. We’re going to be upfront with you... the first few months of MoneySMARTS are the hardest. From our data, most users tend to understate their expenses. That’s mainly because we’re simply not aware of ALL the transactions. As you progress on your financial journey, you will need to make adjustments to your plan. Be open to changes and improvements that will help you achieve your goals faster. Focus on reducing discretionary spending and increasing your trapped surplus money. Rollover any surplus money each month to accelerate your savings. How can Moorr Help?:  Monthly check-ups allow you to track and understand your money and cashflow position, as well as give you clearer insights into how well you are progressing and controlling your money. In short, you are assessing cashflow for the month – money in and money out – and tracking it against your yearly targets. The great news here is, when set-up and it’s running smoothly, this check-up should take less than 10 minutes a month! To see the full reporting and insights, you only need to input three figures into Moorr: Primary Bank account balance Credit Card account balance Your total provision spending for the month. (Tip: You can add this On-The-Go via the app! That way, you don’t have to note it down and better yet, you can see how much provision is left before making that next purchase.) And while doing your monthly rollover, take note of any of these scenarios: You're constantly running out of money in your 7-day float You have a lot left in your 7-day float You’re spending on something that is not provisioned for You’ve got plenty of provisions left Review and ask yourself if you can optimise this and get more accurate with your spending and updating Moorr. Stay grounded in reality, but never lose sight of the ultimate goal—to pay down your debt and achieve financial freedom. Moorr is here to support you every step of the way, providing the tools and resources you need to succeed. For the annual rollover, we’ve made it super easy for you! Simply head to the rollover section in Moorr and follow the prompts. By calculating your finances, pinpointing discretionary spending, and setting up your banking for accelerated mortgage payments, you will be well on your way to achieving your goal of owning your property outright sooner. The MoneySMARTS system and scenarios provided are tailored to support and guide you through this journey. Remember to stay focused, disciplined, and motivated, and you will soon see your mortgage decreasing, turning your dream of a debt-free home into reality in no time! Keep up the great work! Your Future 'Potential' Money Outcomes Let's explore different scenarios to see how quickly you can pay off your mortgage. This section below is based on the numbers and scenarios in Case Study 3 of our best selling book, Make Money Simple Again. There are heaps more graphs, charts, tables and examples so make sure you check it out. It’s free to download! Scenario 1 - Slow and Slower Approach Only making minimum repayments on your mortgage will lead to significantly higher repayments over the full term. In the case study, the couple paid over $1 million in repayments over the full term. Scenario 2 - High Low Debt Approach Using MoneySMARTS, you can pay off your mortgage faster and save on interest because you are trapping that set targeted surplus to firstly wipe out the car loan and tackle the mortgage beast! Scenario 3 - High Low with extra p/w Every dollar counts! By adding $50 or $100 extra per week using MoneySMARTS, you can accelerate your payoff even more. Scenario 4 - Debt Consolidation Approach Consider consolidating your car loan into your mortgage, but only if it benefits you financially. Scenario 5 - Debt Consolidation with extra p/w: If you consolidate your car loan and add an extra $100 per week, it will make quite a significant difference in your payoff timeline. Make sure to download the free chapter below to find out the difference in time saved, interest paid and interest saved in each of these scenarios! Free Download If you've been enjoying what you've read so far, we're thrilled to offer you a free copy of "Make Money Simple Again." Inside, you'll find some nifty charts, graphs, and tables that will make these financial concepts crystal clear. Whether you're an owner-occupier or investor, this guide has something valuable for you. Just pick the path most relevant to you, and we'll send it to you within the next 5 minutes. Let's make money matters stress-free! Download Here Conclusion You've got great potential of achieving your dream of being mortgage-free. By implementing and sticking to the MoneySMARTS system and staying disciplined, you can make a huge impact on your mortgage payoff timeline. Imagine the freedom of being debt-free and the opportunities that await you. Your future home is within reach, and with the right financial strategy, you can get there even faster. Stay committed to your goal, and success will be yours! Let's get started on your journey to a rapid mortgage payoff! Try Moorr For Free Today Spend money on the things you want without guilt and save for the future with confidence. You can have the best of both worlds. Achieve more, with Moorr DESKTOP MOBILE DESKTOP STEP 1 Create your free account So much to realise & gain, nothing to lose. STEP 2 Input Your Info Onboard with your hopes, dreams & finances. STEP 3 Achieve more, with Moorr Start planning & living your Lifestyle-by-Design. GET STARTED NOW *It’s 100% free. No Strings Attached. MOBILE STEP 1 Create your free account So much to realise & gain, nothing to lose. STEP 2 Input Your Info Onboard with your hopes, dreams & finances. STEP 3 Moorr on the go! Start planning & living your Lifestyle-by-Design. Scan Me or download IN: MOBILE WEB APP MOBILE STEP 1 Create your free account So much to realise & gain, nothing to lose. STEP 2 Input Your Info Onboard with your hopes, dreams & finances. STEP 3 Moorr on the go! Start planning & living your Lifestyle-by-Design. Scan Me or download IN: WEB APP STEP 1 Create your free account So much to realise & gain, nothing to lose. STEP 2 Input Your Info Onboard with your hopes, dreams & finances. STEP 3 Achieve more, with Moorr Start planning & living your Lifestyle-by-Design. GET STARTED NOW *It’s 100% free. No Strings Attached.

Home > How It Works > Journeys Sections in this guide Intro Setting Up Your Account Step by Step Process What's Next? Welcome to Moorr! Hello there! Welcome to Moorr, your ultimate money management platform, designed to work seamlessly on both mobile and the web. You're here, which means you've just requested a free initial consultation with Empower Wealth or are about to do so. Empower Wealth is the sister company of Moorr. In fact, our very first version of the Moorr platform started off as an Excel spreadsheet at Empower Wealth back in 2009! Moorr has since evolved to what you see at the moment, but it is still actively serving as a financial platform for all Empower Wealth clients due to all the amazing and useful insights that it offers. So, are you ready to embark on an exciting journey to set up your brand new Moorr account on your trusty laptop or desktop? Buckle up because we're about to dive into a world of financial empowerment and convenience. Let's kickstart this thrilling journey! Setting Up your Account At Moorr, we take pride in ensuring that your onboarding experience is as smooth as a summer breeze. To give you a sneak peek into what awaits you, we've got some helpful screenshots lined up. Before you start, here are some tips: Don’t worry if you don’t know the exact figures for every detail. A rough estimate will do for now, and you can always update it later. Remember, the more accurate your data, the richer and more insightful the charts and insights will be—and they’re totally worth it! Plus, the Empower Wealth team will use this information to tailor your free initial consultation to your unique circumstances. If you're on a mobile, just look for the green "+" symbol at the bottom right to add a new card Download an Authenticator App on your smartphone. We recommend Google Authenticator, but any other Authenticator App, such as LastPass or Microsoft Authenticator, will work too. You won't need it right away, but you'll need it the second time you log in. Step by Step Process Ready to take a peek? Just click on the arrow icon, patiently waiting on the right side of each screenshot, and let's embark on this visual journey through the onboarding process together! Step 1: Once you’ve requested a free appointment with Empower Wealth, you’ll be redirected to this page to create a Moorr Account. We strongly recommend using high-level and complex passwords to enhance security. Simple text, numbers, and birthdays of yourself, partners, or family members should be avoided. Step 2: Take a moment to review the Terms & Conditions. Once you’re comfortable, tick the checkbox to agree and proceed. Step 3: Your account is now activated—congrats! Let’s ensure we have your correct contact details. Start by filling in your name and contact information. Step 4: Next, you’ll complete a short checklist. This helps the advisors understand your primary reason for the meeting, ensuring they focus on what matters most to you. Step 5: You’ll see a brief quiz about your “Big Rocks in the Jar.” We highly encourage you to complete this—it's a great way to clarify what’s most important to you. Step 6: Now, let’s gather some basic information. Who’s in your household? Step 7: What’s your living situation? Just a few more details to go! Step 8: Finally, share your birthday. This helps us recommend the best strategies based on your age. Step 9: That’s it for your household details! Now, we begin the real exploration. On the next page, you can start adding your assets—property, accounts, vehicles, etc. Just click the “Add” or “+” button to begin. Step 10: Next, it’s time to outline your borrowing story. This will give you a clear picture of your current net position. We’re only asking for top-level details at this stage. Step 11: Now, it’s cashflow time! Let’s start by adding your income details. Step 12: Next up are your expenses. Choose the relevant ones for you. Step 13: On this page, you’ll bulk edit your expenses. We know this can feel a bit confronting, but it’s a powerful tool for tracking your annual surplus, setting goals, and gaining clarity on your cashflow. Take your time—remember, you can always edit or update your expenses later. Step 14: You’ve now completed your basic information on Moorr—well done! Now for the exciting part: exploring the tailored charts and graphs. They’re interactive, so feel free to play around. If you need to edit anything, just click on “MyFINANCIALS” to update your information. Step 1: Once you’ve requested a free appointment with Empower Wealth, you’ll be redirected to Moorr, our secured online platform, to create a free account. We strongly recommend using high-level and complex passwords to enhance security. Simple text, numbers, and birthdays of yourself, partners, or family members should be avoided. We recommend passwords to include: At least 1 Upper Case alphabet At least 1 Lower Case alphabet Include Numbers Include characters like: !,@%$ Step 2: Take a moment to review the Terms & Conditions. Once you’re comfortable, tick the checkbox to agree and proceed. Step 3: Your account is now activated—congrats! Let’s ensure we have your correct contact details. Start by filling in your name and contact information. Step 4: Next, you’ll complete a short checklist. This helps our advisors understand your primary reason for the meeting, ensuring they focus on what matters most to you. Step 5: You’ll see a brief quiz about your “Big Rocks in the Jar.” We highly encourage you to complete this—it's a great way to clarify what’s most important to you. Step 6: Now, let’s gather some basic information. Who’s in your household? Step 7: What’s your living situation? Just a few more details to go! Step 8: Finally, share your birthday. This helps us recommend the best strategies based on your age. Step 9: That’s it for your household details! Now, we begin the real exploration. On the next page, you can start adding your assets—property, accounts, vehicles, etc. Just click the “Add” or “+” button to begin. Step 10: Next, it’s time to outline your borrowing story. This will give you a clear picture of your current net position. We’re only asking for top-level details at this stage. Step 11: Now, it’s cashflow time! Let’s start by adding your income details. Step 12: Next up are your expenses. Choose the relevant ones for you. Step 13: On this page, you’ll bulk edit your expenses. We know this can feel a bit confronting, but it’s a powerful tool for tracking your annual surplus, setting goals, and gaining clarity on your cashflow. Take your time—remember, you can always edit or update your expenses later. Step 14: You’ve now completed your basic information on Moorr—well done! Now for the exciting part: exploring the tailored charts and graphs. They’re interactive, so feel free to play around. If you need to edit anything, just click on “MyFINANCIALS” to update your information. Adding card is simple! Just click on the + button and follow the prompts. And remember, the better the data that you input, the richer the insights that you'll get. If you're not sure how to add a Card, all good! We've got you covered in this How to Blog here: How to Create a New Financial Card > What's Next After That? Congratulations on completing your onboarding journey! 🎉 Now, you've unlocked a treasure trove of insights and features, all at your fingertips. But wait, there's more – you can take Moorr with you on your mobile device! Simply download our mobile app and supercharge your financial prowess. To make it even easier for you, just scan the QR code below with your smartphone, and voilà, the app is yours. Now, what's next? Here's a roadmap for your financial adventure: Someone from the Empower Wealth Team will get in touch with you in the coming days. Check out the Wealth Dashboards, MoneySTRETCH & MoneyFIT Enter your aspirations in the MyGOALS section Update your income, expenses, asset and liabilities with more accurate number Use Moorr like a pro and implement Money SMARTS! Click here to find out how > And of course... Download the mobile app! (scan the QR Code above with your phone) Try Moorr For Free Today Spend money on the things you want without guilt and save for the future with confidence. You can have the best of both worlds. Achieve more, with Moorr DESKTOP MOBILE DESKTOP STEP 1 Create your free account So much to realise & gain, nothing to lose. STEP 2 Input Your Info Onboard with your hopes, dreams & finances. STEP 3 Achieve more, with Moorr Start planning & living your Lifestyle-by-Design. GET STARTED NOW *It’s 100% free. No Strings Attached. MOBILE STEP 1 Create your free account So much to realise & gain, nothing to lose. STEP 2 Input Your Info Onboard with your hopes, dreams & finances. STEP 3 Moorr on the go! Start planning & living your Lifestyle-by-Design. Scan Me or download IN: MOBILE WEB APP MOBILE STEP 1 Create your free account So much to realise & gain, nothing to lose. STEP 2 Input Your Info Onboard with your hopes, dreams & finances. STEP 3 Moorr on the go! Start planning & living your Lifestyle-by-Design. Scan Me or download IN: WEB APP STEP 1 Create your free account So much to realise & gain, nothing to lose. STEP 2 Input Your Info Onboard with your hopes, dreams & finances. STEP 3 Achieve more, with Moorr Start planning & living your Lifestyle-by-Design. GET STARTED NOW *It’s 100% free. No Strings Attached.

Home > How It Works > Journeys Sections in this guide Intro Your Money Story Assessing Your Money Situation 7-Step MoneySMARTS System Potential Outcomes Free Download Conclusion How to Build Wealth & Supercharge Your Surplus Money Welcome to your guide on building wealth for a brighter financial future! Whether you want to use the surplus to pay off your mortgage or invest in property, learn how you can make your money work harder for you. Inspired by Case Study 4 in our best-selling book, "Make Money Simple Again," this article is packed with useful tips and real-life scenarios to help you in your journey of wealth building. Don't miss the opportunity to download the book for FREE and embark on your very own journey to financial freedom. Your Money Story This article will suit you if you have a healthy monthly income, good monthly surplus, a mortgage and are now thinking about building up your nest egg for retirement. You have two choices: pay down your debt or invest in an additional property. Assessing Your Money Situation To start this journey, assess your current financial standing. What is it that made you start this journey? What are you curious about? What are your pain points? What made you want to change? What are your goals? You need to find your motivation and use it as your drive moving forward. The 7-Step MoneySMARTS System The first step toward building wealth is believing in the goal. You must want to achieve this and believe in your ability to achieve financial discipline and self-control. Once you’re clear with your motivation, you’ll be ready to embrace this change. Step 1: Gather If possible, combine your finances by setting up a joint bank account. This will allow your combined money to work harder for you, improving your overall outcome. If you prefer separate accounts, you can still use the MoneySMARTS system with virtual jars to track your surplus amounts. For this stage, gather your financial documents including payslips, bank statements, and credit card statements. Familiarise yourself on where to look for this information. Is it on an online banking platform? What are your login details? Or is it a paper trail? Do you know where you’ve stored them? Or are they in your email inbox? By gathering your financial documents, you’ll start to understand your income, savings, assets, and outstanding debts. Identifying your surplus money will be crucial in creating a plan for building wealth. How can Moorr Help?: Create your free account, log in to Moorr, and follow the prompts. You’ll be asked to enter some numbers. Don’t worry if you don’t know it off the top of your head. Just put in a rough figure, and you can update it once you know for certain. Step 2: Sort Organise your financial documents and sort through the numbers. Record your income, savings, assets, and outstanding debts. Having a clear understanding of your finances is essential in crafting a successful wealth-building plan. How can Moorr Help?: Now that you have the financial documents, update each section in Moorr, particularly the income, assets, and borrowings sections. We’ll work on the expenses next. Step 3: Determine Your Financial Picture - Calculate Calculate and break down your spending into essential living expenses and discretionary items. Identify your surplus money, which will be crucial in paying down debts or investing. Knowing how much you can allocate to your financial goals is key to success. How can Moorr Help?: Let’s track your spending! Get a copy of your bank statement for the last 12 months and get your calculator ready! Once you’ve got your bank statement, start categorising. You can find all the common bill and spending expenses in Moorr. Start there! If you're wondering how to categorise from a statement, it might be best to have it in an Excel spreadsheet first, and then transfer it to Moorr. Break your spending into: Regular spending – Ideally it’s best to go back and look over bank statements and credit card statements from the past 12 months to get a clear picture of where all your money goes. (Getting your numbers as accurate as you can might take a bit of effort now, but you will be glad when you’ve done it, because it will mean a lot less work when you have MoneySMARTS up and running.) Note the monthly average in your Excel sheet. We’ll transfer it to Moorr soon. Provisioning spending – Think about the big things you plan to spend your money on over the next year. It could be anything from replacing your couch to spending on gifts. Document what these planned expenses are for the coming year. Go to the Bills & Spending section in Moorr and enter what you have recorded. Next, go to the MoneySMARTS Dashboard and enter the provisions. Once you've completed all this, check out your Dashboard in Moorr! This is the coolest part because it tells you how much surplus you have and more. It's like a profit and loss statement. If the dashboard shows that you should have a surplus in place, but you don’t, it means you may have overestimated your income or underestimated your expenses/repayments. Make sure to check and update accordingly.   Step 4: Set Up the System - Banking Establish a solid banking setup for successful execution of your plan. Ideally, set up your Primary Bank Account and Living & Lifestyle Bank Account as a 100% offset account on your owner occupier property. And manage your credit card wisely. If you’re keen to optimise your spending, use the MoneySMARTS virtual Flour Jar categories to calculate your income and expenditure. Identify discretionary spending and areas where you can cut back to increase your surplus income. Categorise your regular spending, credit card expenses, direct payments, loans, and planned provisions spending. Analyse each category to determine where you can save more and increase your trapped surplus money. Here are some examples: Living and Lifestyle Expenses: Try and identify non-essential expense items in this category. By cutting back on these, you could save extra per week, which could be used towards your goal. Credit Card Expenses: Keep your bill spending down and shop for better deals! A common one is negotiating phone bills to get better deals with your telco provider. Bank Fees and Accounts: Though your bank fees might seem higher, professional packages often include valuable benefits. Shop around using a Mortgage Broker and consider various factors such as interest rates, borrowing power, credit policy, and more. Loans: If you have a mortgage and car loan, consider consolidating your car loan into your mortgage, but only if it provides financial benefits like interest savings or releasing surplus money for investments with better returns. Planned Provisions Spending: If you have some flexibility in planned provisions spending, target specific areas especially for holiday and gift items. Make sure your spending is really optimised in these provisions. Primary Account: You have a money surplus, and the trapped surplus money will continue to build up in your 100% offset Primary Account, reducing interest costs. Consider paying down debt more aggressively if you want to tighten your budget further but make sure not to stretch yourself too much. Banking: Convert all accounts into 100% offset accounts linked to your home mortgage, or if it’s not possible to convert some to offsets, consider transferring the money out and closing those accounts. Your Living & Lifestyle Account can be set up as an additional offset account, and you can apply for two debit cards linked to this account. Decide which credit card will be your active card, and keep the second one only for emergencies without fees if you pay it off every month. How can Moorr Help?: Check out our default recommendations! As you go through Steps 1 to 3, you'll be amazed at the awareness and understanding you've developed about your own money habits. Fascinating, isn't it? From the very beginning of this journey, we mentioned that having awareness and the correct mindset will help you in the long run. Now, when you look at your Dashboard in Moorr, we hope you'll clearly see your household's money in and money out, which will assist you in setting up your banking structure. Additionally, leveraging on our years of experience in money management and insights from the thousands of users we've served, we've incorporated our account structure recommendations for each category of bills and spending. Please note that this is a general recommendation based on the fundamentals of MoneySMARTS, and may not be suitable for your unique spending habits. So, feel free to tweak it as you see fit. Once you've reorganised your banking structure, make sure to update them in Moorr! Step 5: Start the Journey - Check Up Commit to your financial transformation and stay motivated. Use Moorr's Monthly Check Up feature to track your progress and ensure you're on course towards your financial goals. How can Moorr Help?: Monthly Checkup! Monthly check-ups allow you to track and understand your money and cashflow position in a shorter timeframe to give you clearer insights into how well you are progressing and controlling your money. In short, you are assessing the cashflow for the month – money in and money out – and tracking it against your yearly targets. The great news here is, when set-up and it’s running smoothly, this check-up should take less than 10 minutes a month! To see the full reporting and insights, you only need to input three figures in Moorr: Primary Bank account balance Credit Card account balance Your total provision spending for the month. (Tip: You can add this On-The-Go via the app! That way, you don’t have to note it down and best yet, you can see how much provision is left before making that next purchase.) Step 6: Adapt and Improve - Tweak As you embark on your financial journey, remember that flexibility is key. Be open to adjustments and improvements that will help you reach your goals faster. Increase your surplus money by reducing discretionary spending and stay grounded in reality while working towards your goals. You can refer to Step 4 on some suggestions on how to optimise your spending. The most important part here is to regularly review your progress and tweak your spending to stay on track. You're doing great so far, but you can always do better. We’re going to be upfront with you... the first few months of MoneySMARTS are the hardest. From our data, most users tend to miss out on their unconscious spending. That’s mainly because we’re simply not aware of ALL the money out transactions. But, like any good habit, with time and persistence, it becomes second nature. Soon enough, you'll be a seasoned MoneySMARTS user, and your money will be on autopilot, saving surplus and preventing unconscious overspending. Keep at it, and financial freedom will be yours to enjoy! How can Moorr Help?: The best way to do this is to get a trendline of your spending. If you notice any of these scenarios: You're constantly running out of money in your 7-day float You have a lot left in your 7-day float You’re spending on something that is not provisioned for You’ve got plenty of provisiona left Review and ask yourself if you can optimise this and get more accurate with your spending and updating Moorr. Stay grounded in reality, but never lose sight of the ultimate goal— living your lifestyle by design. Moorr is here to support you every step of the way, providing the tools and resources you need to succeed. Step 7: Reflect and Renew - Rollover Review your progress at the end of the year and set new financial goals for the next 12 months. The journey to wealth-building is ongoing, and each year offers a chance for renewal and improvement. Rollover any surplus money each month to accelerate your savings. How can Moorr Help?: Annual Rollover We’ve made it super easy for you to do an Annual Rollover on Moorr! Simply head to the rollover section on the MoneySMARTS page and follow the prompts. And don’t miss out on all the amazing insights you can get on your dashboard! Here are some suggestions to give you better insights on what you’ve achieved so far and what you can do in the next 12 months: MoneySMARTS Dashboard: Did you hit your target? What did you spend on most? Check out the Check-Up reporting table right at the bottom of the page too. Wealth Dashboard: Has your speed increased? MoneyFIT: How are you doing compared to your peers? Potential Outcomes - The Power of Your Choices Once you’ve got a system in place to trap more surplus, what should you do next? In this section, we’ll explore several scenarios to illustrate the potential impact of your efforts. We’ll assess the different approaches to paying down debt or investing in property and see how it affects your net wealth position and passive income over time. We’ve got two potential financial outcomes for you - paying off the mortgage or investing in property while paying the minimum off the mortgage. We will be using Moorr's MoneySMARTS system for both scenarios to forecast their financial future. This section below is based on the numbers and scenarios in Case Study 4 of our best selling book, Make Money Simple Again. There are heaps more graphs, charts, tables and examples in it so make sure you check it out. It’s free to download! Scenario 1 - Pay off the Mortgage In this scenario, you will utilise Moorr's MoneySMARTS system, trapping the Targeted Yearly Surplus to pay off your owner-occupied mortgage. Once the mortgage is paid off, any surplus money will be placed into a high-interest savings account. In the case study, the couple trapped a Targeted Yearly Surplus of $36,412 to pay off their owner-occupied mortgage quicker and placed the surplus into a high-interest savings account earning 3% interest per year. Scenario 2 - Invest in Property & Pay Minimum off Mortgage In this scenario, you will continue using MoneySMARTS and purchase an investment property. All additional surplus money will be trapped and placed in the Offset Primary Account linked to your owner-occupied mortgage. In the case study, the couple bought an investment property worth $550,000. Please note that there are a few assumptions made for the table below. To find out what these assumptions are, download the Make Money Simple Again book below. Here’s what each scenario turned out for the case study couple based on our simulation: Scenario 1: Pay Down Mortgage Scenario 2: Buy Investment Property Home Mortgage fully offset by Nov 2025 Home Mortgage fully offset by September 2027. Investment Loan fully offset by August 2033 Net Wealth Position: $6,255,187.89 In Present Day Value Terms: (no inflation of 3%) $3,463,345.87 Net Wealth Position: $7,510,083.17 In Present Day Value Terms: (no inflation of 3%) $4,158,150.97 Passive Income: ($1,139,954 x 3%) = $34,199 Passive Income: ($426,657 x 3%) + Rental Income ($67,411) = $80,211 Free Download If you've been enjoying what you've read so far, we're excited to offer you a complimentary copy of "Make Money Simple Again." Inside, you'll discover some fantastic charts, graphs, and tables that will make wealth building and retirement planning a breeze. Whether you're looking to build wealth and/or plan for a comfortable retirement, this guide has you covered. Just pick the path most relevant to you, and we'll send the book to you within the next 5 minutes. Let's embark on the journey to financial security and a worry-free retirement together! Download Here Conclusion With the power of Moorr's MoneySMARTS system, conscious spending, and smart choices, you now have the tools to take control of your finances and build wealth for a brighter future. Stay focused, keep learning, and make informed financial decisions to achieve your financial goals. And always reach out to independent, qualified and experienced advisors to make sure that your banking structure is set up for success, optimised for your unique financial circumstances, and will not hamstring you in your journey toward financial freedom. Remember, building wealth is a lifelong journey, and with your newfound knowledge and discipline, the possibilities are endless. You have the power to create the life you desire and secure a financially abundant future. Try Moorr For Free Today Spend money on the things you want without guilt and save for the future with confidence. You can have the best of both worlds. Achieve more, with Moorr DESKTOP MOBILE DESKTOP STEP 1 Create your free account So much to realise & gain, nothing to lose. STEP 2 Input Your Info Onboard with your hopes, dreams & finances. STEP 3 Achieve more, with Moorr Start planning & living your Lifestyle-by-Design. GET STARTED NOW *It’s 100% free. No Strings Attached. MOBILE STEP 1 Create your free account So much to realise & gain, nothing to lose. STEP 2 Input Your Info Onboard with your hopes, dreams & finances. STEP 3 Moorr on the go! Start planning & living your Lifestyle-by-Design. Scan Me or download IN: MOBILE WEB APP MOBILE STEP 1 Create your free account So much to realise & gain, nothing to lose. STEP 2 Input Your Info Onboard with your hopes, dreams & finances. STEP 3 Moorr on the go! Start planning & living your Lifestyle-by-Design. Scan Me or download IN: WEB APP STEP 1 Create your free account So much to realise & gain, nothing to lose. STEP 2 Input Your Info Onboard with your hopes, dreams & finances. STEP 3 Achieve more, with Moorr Start planning & living your Lifestyle-by-Design. GET STARTED NOW *It’s 100% free. No Strings Attached.

Home > How It Works > Journeys Sections in this guide Intro Your Money Story Assess Your Money Situation 7-Step MoneySMARTS System Potential Outcomes Free Download Conclusion How to Save for a Home Deposit Welcome to your guide on how to save for a home deposit as quickly as possible! It’s truly exciting that you’re starting to think about the next stage of life and get serious about saving for your own home. Kudos to that! Inspired by Case Study 2 in our best-selling book, "Make Money Simple Again," this article is packed with with useful tips and real-life scenarios to help in your journey of rapidly saving for a home deposit. Don't miss the opportunity to download the book for FREE and embark on your very own journey to financial freedom. Your Money Story This article will suit you if you have a solid income, and while you've enjoyed the freedom of renting, you now want to build a sizable deposit to purchase and own your very own home. Let's dive into how the MoneySMARTS system can help you achieve your goal. Assessing Your Money Situation To embark on this journey to financial freedom, you must first assess your current financial standing. Take a deep breath, and let's dive into the numbers. Understanding where your money goes and identifying your debt is essential to crafting a plan for the future. The 7-Step MoneySMARTS System Step 1 & 2 - Gather & Sort: Combine your finances by setting up a joint bank account. This will allow your combined money to work harder for you, improving your overall outcome. If you prefer separate accounts, you can still use the MoneySMARTS system with virtual jars to track your surplus amounts. First, gather all your financial documents including payslips, bank statements, and credit card statements. Familiarise yourself on where to look for this information. Is it on an online banking platform? What are your login details? Or is it a paper trail? Do you know where you’ve stored them? Or are they in your email inbox? Now with your financial documents on hand, it's time to sort through the numbers. Record your income, savings, assets, and outstanding debts. This process will provide you with a high-level view of your financial position and help you identify areas for improvement. Motivation: Keep your goal in mind - owning your own home. Place a motivational message on your fridge to remind you of the bigger picture. How can Moorr Help?: Create your free account in Moorr, log in, and follow the prompts. You’ll be asked to enter some numbers. Don’t worry if you don’t know it off the top of your head. Just put in a rough figure, and you can update it once you know for certain. Once you have the financial documents, update each section in Moorr, particularly the income, assets, and borrowings sections. We’ll work on the expenses next. Step 3 & 4 - Calculate & Banking: Calculate your income and expenditure using the MoneySMARTS virtual Flour Jar categories. Identify discretionary spending and areas where you can cut back to increase your surplus income. Regular Spending - Living and Lifestyle Jar: Identify discretionary spending within this jar. Consider trapping more per week from this category to boost your home deposit savings. Credit Card Jar: Always worth comparing offers in the market for better deals. Additionally, consider reducing fuel costs by finding alternative transportation methods. Direct Payment Jar: Shopping around for cheaper banking options could be beneficial. Look for a high-interest savings account with no fees to maximise your savings. Loans Jar: If you’ve got loans, review each of them to determine if they are better paid off. Some loans are helpful to keep so make sure you consult your Tax Accountant. Keeping one card open for interest-free days will also help your savings grow in your high-interest Primary Account. Planned Provisions Spending: Identify discretionary spending within this jar. Consider whether these expenses are essential or if cutting back will benefit your long-term goal. Primary Account: This will be where your all your money goes! Look for a high-interest, no-fee joint account.  If interest paid isn’t high enough, try shopping around for a better deal. Banking: Keep your current Living & Lifestyle account or open a new one. Apply for two debit cards linked to this account. Credit Card: Choose the best credit card option and link it to your Primary Account. How can Moorr Help?: Let’s track your spending! Get a copy of your bank statement for the last 12 months. Start categorising and get your calculator ready! If you're wondering how to categorize from a statement, it might be best to have it in an Excel spreadsheet first, and then transfer it to Moorr. Regular spending – Ideally it’s best to go back and look over bank statements and credit card statements from the past 12 months to get a clear picture of where all your money goes. (Getting your numbers as accurate as you can might take a bit of effort now, but you will be glad when you’ve done it, because it will mean a lot less work when you have MoneySMARTS up and running.) Note the monthly average in your Excel sheet. We’ll transfer it to Moorr soon. Provisioning spending – Think about the big things you plan to spend your money on over the next year. It could be anything from replacing your couch to spending on gifts. Document what these planned expenses are for the coming year. Go to the Bills & Spending section in Moorr and enter what you have recorded. Next, go to the MoneySMARTS Dashboard and enter the provisions. Once you've completed all this, check out your Dashboard on Moorr! This is the coolest part because it tells you how much surplus you have and more. It's like a profit and loss statement. If the dashboard shows that you should have a surplus in place, but you don’t, it means you may have overestimated your income or underestimated your expenses/repayments. Make sure to check and update accordingly. This could be a reality check, but use this opportunity to motivate yourself! For Step 4, you might remember that we mentioned combining your finances by setting up a joint bank account. Additionally, leveraging our years of experience in money management and insights from the thousands of users we've served, we've incorporated our account structure recommendations for each category of bills and spending. Please note that this is a general recommendation based on all our users and MoneySMARTS, and may not be customized to your unique spending habits. So, feel free to tweak it as you see fit. Once you've reorganised your banking structure, make sure to update it in Moorr! Step 5, 6 & 7 - Check Up, Tweak & Rollover: Regularly review and check up on your progress and if necessary, tweak your spending to stay on track. You're doing great so far, but you can always do better. We’re going to be upfront with you... the first few months of MoneySMARTS are the hardest. From our data, most users tend to understate their expenses. That’s mainly because we’re simply not aware of ALL the transactions. As you progress on your financial journey, you will need to make adjustments to your plan. Be open to tweaks and improvements that will help you reach your goals faster. Focus on reducing discretionary spending and increasing your trapped surplus money to build your home deposit more quickly. Rollover any surplus money each month to accelerate your savings. How can Moorr Help?: Monthly check-ups allow you to track and understand your money and cashflow position in a shorter timeframe to give you clearer insights into how well you are progressing and controlling your money. In short, you are assessing the cashflow for the month – money in and money out – and tracking it against your yearly targets. The great news here is, when set-up and running smoothly, this check-up should take less than 10 minutes a month! To see the full reporting and insights, you only need to input three figures into Moorr: Primary Bank account balance Credit Card account balance Your total provision spending for the month. (Tip: You can add this On-The-Go via the app! That way, you don’t have to note it down and best yet, you can see how much provision is left before making that next purchase.) And while doing your monthly rollover, take note of any of these scenarios: You're constantly running out of money in your 7-day float You have a lot left in your 7-day float You’re spending on something that is not provisioned for You’ve got plenty of provisions left Review and ask yourself if you can optimise this and get more accurate with your spending and updating Moorr. Stay grounded in reality, but never lose sight of the ultimate goal—to save for a deposit and own your own home. Moorr is here to support you every step of the way, providing the tools and resources you need to succeed. For the annual rollover, we’ve made it super easy for you! Simply head to the rollover section on the MoneySMARTS page and follow the prompts. Now you've calculated your finances, identified discretionary spending, and set up banking for a Rapid Home Deposit. The MoneySMARTS system and scenarios provided will speed up your goal of homeownership. Stay focused, disciplined, and motivated, and your dream will become a reality in no time! Your Future 'Potential' Money Outcomes Let's explore different scenarios to see how soon you can achieve your home deposit target. This section below is based on the numbers and scenarios in Case Study 2 of our best selling book, Make Money Simple Again. There are heaps more graphs, charts, tables and examples so make sure you check it out. It’s free to download! Scenario 1 - Snail's Pace Savings Continue with your current spending habits. In the case study, the couple reach their target by March 2025. Scenario 2 - A Trapped Extra $250 per week Review your discretionary spending and save some extra each week. In the case study, the couple saved an extra $250 from discretionary spending each week and reach their target by February 2022. Scenario 3 - A Trapped Extra $500 per week Increase your savings by cutting back on discretionary spending. In the case study, the couple saved an extra $500 each week and reach their target by January 2021. Scenario 4 - Surprise Option Move in with the folks! By contributing to their expenses and paying them board, you'll save even more. In the case study, the couple reach their target by July 2020. Free Download If you've found what you've read so far interesting or useful, we'd love to offer you a free copy of "Make Money Simple Again." It's got some cool charts, graphs, and tables that will make things even easier to grasp. Just pick the "adventure" that suits you best and we’ll send the free book to you within the next 5 minutes. Enjoy! Download Here Conclusion With determination and sacrifice, you can reach your goal. Imagine owning your own home from the deposit that you’ve saved - that's true financial power! Implementing the MoneySMARTS system and following these scenarios will empower you to achieve your dream of homeownership sooner than you ever thought possible. Stay focused, motivated, and disciplined. Your future home is within reach, and you have the tools to make it happen. Let's get started on your Rapid Home Deposit journey! Try Moorr For Free Today Spend money on the things you want without guilt and save for the future with confidence. You can have the best of both worlds. Achieve more, with Moorr DESKTOP MOBILE DESKTOP STEP 1 Create your free account So much to realise & gain, nothing to lose. STEP 2 Input Your Info Onboard with your hopes, dreams & finances. STEP 3 Achieve more, with Moorr Start planning & living your Lifestyle-by-Design. GET STARTED NOW *It’s 100% free. No Strings Attached. MOBILE STEP 1 Create your free account So much to realise & gain, nothing to lose. STEP 2 Input Your Info Onboard with your hopes, dreams & finances. STEP 3 Moorr on the go! Start planning & living your Lifestyle-by-Design. Scan Me or download IN: MOBILE WEB APP MOBILE STEP 1 Create your free account So much to realise & gain, nothing to lose. STEP 2 Input Your Info Onboard with your hopes, dreams & finances. STEP 3 Moorr on the go! Start planning & living your Lifestyle-by-Design. Scan Me or download IN: WEB APP STEP 1 Create your free account So much to realise & gain, nothing to lose. STEP 2 Input Your Info Onboard with your hopes, dreams & finances. STEP 3 Achieve more, with Moorr Start planning & living your Lifestyle-by-Design. GET STARTED NOW *It’s 100% free. No Strings Attached.

Home > How It Works > Journeys Sections in this guide Intro Your Money Story Assess Your Money Situation 7-Step MoneySMARTS System Potential Outcomes Free Download Conclusion How to Recover from Credit Card Debt Welcome to your step-by-step guide on how to recover from credit card debt and regain control of your finances! Debt can be overwhelming and stressful, but with the right plan and determination, you can pave your way to a debt-free future. Inspired by Case Study 1 in our best-selling book, "Make Money Simple Again," this article is packed with useful tips and real-life scenarios to help in your journey of getting rid of credit card debt. Don't miss the opportunity to download the book for FREE and embark on your very own journey to financial freedom. Your Money Story This article will suit you if higher costs of living have put pressure on your finances, and your credit card debt is steadily increasing. Let's dive into how the MoneySMARTS system can help you achieve your goal. Assessing Your Money Situation To embark on this journey to financial freedom, you must first assess your current financial standing. Take a deep breath, and let's dive into the numbers. Understanding where your money goes and identifying your debt is essential to crafting a plan for the future. The 7-Step MoneySMARTS System Step 1: Gather - Get Ready to Embrace the Change The first step toward financial recovery is to acknowledge that change is needed. You must believe in your ability to achieve financial discipline and self-control. Think about past achievements in your life, such as getting through university or moving out to live independently. These experiences show that you have the strength to take control of your money. Gather your financial documents, including payslips, bank statements, and credit card statements. Familiarise yourself on where to look for this information. Is it on an online banking platform? What are your login details? Or is it a paper trail? Do you know where you’ve stored them? Or are they in your email inbox? How can Moorr Help?: Create your free account in Moorr, log in, and follow the prompts. You’ll be asked to enter some numbers. Don’t worry if you don’t know it off the top of your head. Just put in a rough figure, and you can update it once you know for certain. Step 2: Sort - Assess Your Money Situation With your financial documents in hand, it's time to sort through the numbers. Record your income, savings, assets, and outstanding debts. This process will provide you with a high-level view of your financial position and help you identify areas for improvement. How can Moorr Help?: Now that you have the financial documents, update each section in Moorr, particularly the income, assets, and borrowings sections. We’ll work on the expenses next. Step 3: Calculate - Determine Your Financial Picture Now that you have a clear understanding of your finances, it's time to break down your spending into essential living expenses and discretionary items. Identify and calculate your surplus money, which will be crucial in paying down your debts. Knowing how much you can afford to allocate to debt repayment is key to creating a sustainable plan. How can Moorr Help?: Let’s track your spending! Get a copy of your bank statement for the last 12 months. Start categorising and get your calculator ready! If you're wondering how to categorise from a statement, it might be best to have it in an Excel spreadsheet first, and then transfer it to Moorr. Regular spending – Ideally it’s best to go back and look over bank statements and credit card statements from the past 12 months to get a clear picture of where all your money goes. (Getting your numbers as accurate as you can might take a bit of effort now, but you will be glad when you’ve done it, because it will mean a lot less work when you have MoneySMARTS up and running.) Note the monthly average in your Excel sheet. We’ll transfer it to Moorr soon. Provisioning spending – Think about the big things you plan to spend your money on over the next year. It could be anything from replacing your couch to spending on gifts. Document what these planned expenses are for the coming year. Go to the Bills & Spending section in Moorr and enter what you have recorded. Next, go to the MoneySMARTS Dashboard and enter the provisions. Once you've completed all this, check out your Dashboard on Moorr! This is the coolest part because it tells you how much surplus you have and more. It's like a profit and loss statement. If the dashboard shows that you should have a surplus in place, but you don’t, it means you may have overestimated your income or underestimated your expenses/repayments. Make sure to check and update accordingly. This could be a reality check, but use this opportunity to motivate yourself! Step 4: Banking - Set Up the System To successfully execute your financial recovery plan, you'll need a solid banking setup. Choose a high-interest savings account as your Primary Bank Account and arrange for your salary and direct payments to flow into this account. Create a separate Living & Lifestyle Bank Account for weekly allowances. Make sure your weekly allowance is transferring each week into your Living & Lifestyle account – so you have your 7-day float up and running. Additionally, keep only one credit card and use it wisely. How can Moorr Help?: Check out our default recommendations! As you go through Steps 1 to 3, you'll be amazed at the awareness and understanding you've developed about your own money habits. Fascinating, isn't it? From the very beginning of this journey, we mentioned that having awareness and the correct mindset will help you in the long run. Now, when you look at your Dashboard on Moorr, we hope you'll clearly see your household's financial structure, which will assist you in setting up your banking. Additionally, leveraging our years of experience in money management and insights from the thousands of users we've served, we've incorporated our account structure recommendations for each category of bills and spending. Please note that this is a general recommendation based on all our users and MoneySMARTS, and may not be customized to your unique spending habits. So, feel free to tweak it as you see fit. Once you've reorganised your banking structure, make sure to update it in Moorr! Step 5: Start the Journey - Check Up Now that your MoneySMARTS system is in place, it's time to take action. Commit to your financial transformation and stay motivated. Track your progress using Moorr's Monthly Check Up feature to ensure you're staying on course. Avoid unnecessary spending and be mindful of your weekly allowance. Remember, this journey requires discipline and determination, but the rewards will be worth it. How can Moorr Help?: Monthly Checkup! Monthly check-ups allow you to track and understand your money and cashflow position in a shorter timeframe to give you some clearer insights into how well you are progressing and controlling your money. In short, you are assessing the cashflow for the month – money in and money out – and tracking it against your yearly targets. The great news here is, when set-up and running smoothly, this check-up should take less than 10 minutes a month! To see the full reporting and insights, you only need to input three figures in Moorr: Primary Bank account balance Credit Card account balance Your total provision spending for the month. (Tip: You can add this On-The-Go via the app! That way, you don’t have to note it down and best yet, you can see how much provision is left before making that next purchase.) Step 6: Tweak - Adapt and Improve We’re going to be upfront with you... the first few months of MoneySMARTS are the hardest. From our data, most users tend to understate their expenses. That’s mainly because we’re simply not aware of ALL the transactions. As you progress on your financial journey, you will need to make adjustments to your plan. Be sure to tweak and make improvements that will help you reach your goals faster. Focus on reducing discretionary spending and increasing your trapped surplus money to pay off debts more quickly. How can Moorr Help?: The best way to do this is to get a trendline of your spending If you notice any of these scenarios: You're constantly running out of money in your 7-day float You have a lot left in your 7-day float You’re spending on something that is not provisioned for You’ve got plenty of provisions left Review and ask yourself if you can optimise this and get more accurate with your spending and updating Moorr. Stay grounded in reality, but never lose sight of the ultimate goal—to pay down your debt and achieve financial freedom. Moorr is here to support you every step of the way, providing the tools and resources you need to succeed. Step 7: Rollover - Reflect and Renew At the end of the year, review your progress and reflect on your achievements. Prepare for the next 12 months by setting new financial goals and recommitting to the MoneySMARTS system. Remember, this journey is ongoing, and each year offers a chance for renewal and improvement. Rollover any surplus money each month to accelerate your savings. How can Moorr Help?: Annual Rollover We’ve made it super easy for you to do an Annual Rollover in Moorr. Simply head to the rollover section on the MoneySMARTS page and follow the prompts. Potential Outcomes - The Power of Your Choices Note: These potential outcomes are only snippets from Case Study 1 from our best selling book, Make Money Simple Again. If you'd like to see the full chapter with its accompanying charts and tables, download the book for FREE here. Scenario 1: The Baseline - Doing Nothing If you continue making minimum repayments, it will take a long time to be debt free. In the case study, it took Jenny over 60 years to be debt-free, with a staggering interest cost of $77,814. This scenario highlights the importance of taking action and implementing the MoneySMARTS system.   Scenario 2: Debt Snowball Approach Using MoneySMARTS and paying down debts from smallest to largest, you can be debt-free quicker.  In the case study, if MoneySMARTS is implemented correctly, Jenny will be debt free in 60 months, with an interest cost of $9,729. This approach allows you to build momentum and motivation as you eliminate smaller debts first. Scenario 3: High Low Approach By paying down the most expensive debts first, you could be debt-free even sooner than scenario 2. In the case study, if MoneySMARTS is implemented correctly, Jenny will be debt free in 55 months, with an interest cost of $7,673. This approach minimises interest costs and helps you become debt-free more quickly. Scenario 4: High Low Approach Plus Trapping $50 a Week Using the same approach as Scenario 3 but trapping an extra $50 per week, you can be debt-free sooner than scenario 3. In the case study, Jenny will be debt free in in 35 months, with an interest cost of $4,510 if she implements scenario 4. This showcases the impact of conscious spending and how it accelerates your debt repayment. Scenario 5: Debt Consolidation Approach Consolidating your debts into one credit card with a 6-month interest-free period and not trapping extra money is also an option. In the case study, using this method, Jenny can be debt-free in 56 months, with an interest cost of $6,009. Debt consolidation can simplify your repayments and reduce interest charges. Scenario 6: Debt Consolidation Plus Trapping $100 a Week Consolidating your debts while trapping an extra $100 per week, you can be debt-free the quickest. In the case study, using this method, Jenny can be debt-free in just 22 months, with an interest cost of $1,260. This scenario emphasises the power of trapping surplus money to accelerate your journey to financial freedom. Free Download Glad you made it here! If you've found what you read so far insightful, we strongly encourage you to download your own copy of Make Money Simple Again. There are charts, graphs and tables in there that will make everything even easier to understand. Choose an "adventure" that fits you best, and we'll send the book to you within the next 5 minutes. Download Here Conclusion Commitment, discipline, and determination are all needed if you want to be debt-free. Remember that this journey is not just about escaping debt; it's about building a strong financial foundation for a brighter future. By implementing the MoneySMARTS system in Moorr, embracing conscious spending, and making smart choices, you can take control of your finances and be in a better position to achieve your financial goals. Remember that financial freedom is a lifelong journey, and there will be ups and downs along the way. Stay focused, keep learning, and continue making informed financial decisions. You now have the power to create the life you desire—one that is free from the burden of debt and filled with financial security. You are in control of your financial destiny, and with your newfound knowledge and discipline, the possibilities are endless. Try Moorr For Free Today Spend money on the things you want without guilt and save for the future with confidence. You can have the best of both worlds. Achieve more, with Moorr DESKTOP MOBILE DESKTOP STEP 1 Create your free account So much to realise & gain, nothing to lose. STEP 2 Input Your Info Onboard with your hopes, dreams & finances. STEP 3 Achieve more, with Moorr Start planning & living your Lifestyle-by-Design. GET STARTED NOW *It’s 100% free. No Strings Attached. MOBILE STEP 1 Create your free account So much to realise & gain, nothing to lose. STEP 2 Input Your Info Onboard with your hopes, dreams & finances. STEP 3 Moorr on the go! Start planning & living your Lifestyle-by-Design. Scan Me or download IN: MOBILE WEB APP MOBILE STEP 1 Create your free account So much to realise & gain, nothing to lose. STEP 2 Input Your Info Onboard with your hopes, dreams & finances. STEP 3 Moorr on the go! Start planning & living your Lifestyle-by-Design. Scan Me or download IN: WEB APP STEP 1 Create your free account So much to realise & gain, nothing to lose. STEP 2 Input Your Info Onboard with your hopes, dreams & finances. STEP 3 Achieve more, with Moorr Start planning & living your Lifestyle-by-Design. GET STARTED NOW *It’s 100% free. No Strings Attached.

Case Studies Collection of our clients' testimonials and ourFREE Curated Guides What Moorr Users Say… Which Journey Are You On? Moorr is like having a high-speed, personal financial advisor in the palm of your hand. Here’s how you can start taking complete control of your money and go from “I think I’m good with money” to “I know I’m moving towards financial wellbeing”. Implementing Money SMARTS via MoorrFind out about our 7 Steps Process here and how to best use Moorr for Money SMARTS! Supercharge Your Surplus MoneyHow would you set up Moorr to trap your every dollar and build wealth Rapid HomeDeposit SaverTips on how you can save for a home deposit as quickly as possible! Credit Card SurvivorStep-by-step through the process of recovering from credit card debt and regaining control of your finances. Slash & Burn your MortgageKeen to pay off your mortgage as quickly as possible and become debt-free? Check this one out! Try Moorr For Free Today Spend money on the things you want without guilt and save for the future with confidence. You can have the best of both worlds. Achieve more, with Moorr DESKTOP MOBILE DESKTOP STEP 1Create your free account So much to realise & gain, nothing to lose. STEP 2Input Your Info Onboard with your hopes, dreams & finances. STEP 3Achieve more, with Moorr Start planning & living your Lifestyle-by-Design. GET STARTED NOW *It’s 100% free. No Strings Attached. MOBILE STEP 1Create your free account So much to realise & gain, nothing to lose. STEP 2Input Your Info Onboard with your hopes, dreams & finances. STEP 3Moorr on the go! Start planning & living your Lifestyle-by-Design. Scan Me or download IN: MOBILE WEB APP MOBILE STEP 1Create your free account So much to realise & gain, nothing to lose. STEP 2Input Your Info Onboard with your hopes, dreams & finances. STEP 3Moorr on the go! Start planning & living your Lifestyle-by-Design. Scan Me or download IN: WEB APP STEP 1Create your free account So much to realise & gain, nothing to lose. STEP 2Input Your Info Onboard with your hopes, dreams & finances. STEP 3Achieve more, with Moorr Start planning & living your Lifestyle-by-Design. GET STARTED NOW *It’s 100% free. No Strings Attached. © Moorr. All Rights Reserved

Here's How Moorr Works Get set up, get started, and get excited about living a lifestyle by design. DESKTOP MOBILE DESKTOP STEP 1Create your free account So much to realise & gain, nothing to lose. STEP 2Input Your Info Onboard with your hopes, dreams & finances. STEP 3Achieve more, with Moorr Start planning & living your Lifestyle-by-Design. GET STARTED NOW *It’s 100% free. No Strings Attached. MOBILE STEP 1Create your free account So much to realise & gain, nothing to lose. STEP 2Input Your Info Onboard with your hopes, dreams & finances. STEP 3Moorr on the go! Start planning & living your Lifestyle-by-Design. Scan Me or download IN: MOBILE WEB APP MOBILE STEP 1Create your free account So much to realise & gain, nothing to lose. STEP 2Input Your Info Onboard with your hopes, dreams & finances. STEP 3Moorr on the go! Start planning & living your Lifestyle-by-Design. Scan Me or download IN: WEB APP STEP 1Create your free account So much to realise & gain, nothing to lose. STEP 2Input Your Info Onboard with your hopes, dreams & finances. STEP 3Achieve more, with Moorr Start planning & living your Lifestyle-by-Design. GET STARTED NOW *It’s 100% free. No Strings Attached. What Moorr Users Say… Massive game changer. Once you’ve dealt with a few mortgage brokers and property advisers you get to see a wide variety of tools that collects your financial information. I have no hesitation in saying that Moorr is light years ahead of the rest. I find the best thing is the benefit it gives me on an ongoing basis to keep track of my wealth journey through actionable financial data presented via dashboards. Griggsy_G3iOS User I've been using Moorr for a few months now. It's comprehensive and generally easy to use although I'm still learning new things. Thankfully there are video tutorials to assist. It would be great if it could link to bank accounts, super, shares etc so they automatically update rather than having to manually update each month. Still a great tool and demonstrates Ben and Bryce's commitment to sharing knowledge and information. Michael BAndroid User Heaps better compared to tracking money thru spreadsheets!!! Onboarding is a little involved but I guess that's what you get if you want an advanced app that can truely provide "useful" insights on your finances. Its not only a money app but a whole lot money concepts and principles at your disposal, I highly recommend this app and ohhhh, it's all free. Ronnel SAndroid User Really love the new Moorr platform. My partner and I are really enjoying the functionality of the Moorr platform and find it incredibly impressive. Previously we’ve worked off spreadsheets and struggled to predict our financial position into the future or see areas of opportunity where we can do better. The Moorr platform really helps to paint a clear picture in easy to understand graphs which helps us to digest the information. Thank-you team! AbbeyW21iOS User This app, especially now that the expense tracking feature from the desktop version has been added is something that makes daily money management (once you have set it up) as quick as watching a funny Tiktok. Thank you to the entire team behind it, I might actually really hit my financial goals now that it's so simple and fast to check in each day. The overwhelm is gone and that is priceless. Thank you. Carlli TleyAndroid User The app is absolutely amazing. It is very comprehensive, as it includes all the financial inputs you can think of, income, expenses, assets etc. Plus pretty amazing interface and tools to see how you are tracking, setting and achieving goals. It is property orientated of course. And FREE. AdamAndroid User THE BEST THINGS IN LIFE ARE FREE Which Journey Are You On? Check out our curated recommended steps on how to set up Moorr for whichever journey you are currently on! Implementing Money SMARTS via MoorrFind out about our 7 Steps Process here and how to best use Moorr for Money SMARTS! Supercharge Your Surplus MoneyHow would you set up Moorr to trap your every dollar and build wealth Rapid HomeDeposit SaverTips on how you can save for a home deposit as quickly as possible! Credit Card SurvivorStep-by-step through the process of recovering from credit card debt and regaining control of your finances. Slash & Burn your MortgageKeen to pay off your mortgage as quickly as possible and become debt-free? Check this one out! New to Moorrvia WebappLearn how to get started on Moorr via your computer! New to Moorrvia Mobile AppWant to get Moorr on your fingertips? Step by step guide over here! New to Moorr(Empower Wealth)Need to activate Moorr for Empower Wealth? This is what you're looking for! You’re One Click Away From a Seriously Powerful Money Management System Moorr is like having a high-speed, personal financial advisor in the palm of your hand. Here’s how you can start taking complete control of your money and go from “I think I’m good with money” to “I know I’m moving towards financial wellbeing”. It all starts here - MyGOALS However big, however small, however many, your MyGoals tool will help you set, track and achieve what matters to you. Design in a vertical arrangement, you can look back on past goals with great fondness and upcoming goals with great anticipation and excitement. Designed with complete flexibility and useability, MyGoals is sure to be a big hit with you. Save Money on Autopilot Time to step up into the league of elite money managers. Our MoneySMARTS system shows you clearly where your moneys allocated to & going. It’s designed to helps you trap and save more money, whilst freeing up your time because it’s so easy to set-up and manage. We didn’t say elite money management had to be harder. No more unconscious overspending. Your money working harder for you – from day one! Property Insights Galore! We told you property is in our DNA, and the rich property and location data insights we will share with you will not disappoint, (with new insights being released regularly).  And with tens of thousands of property owners & investors using Moorr, we know a thing or two about helping to provide you with the right tools to better manage your current and future planned property assets all in one organised home. What’s your WealthSPEED? This is a much know number for every aspiring Australian. Achieving more of your financial and personal goals comes down to how you are managing and investing your money. Your WealthSPEED will be your real-time judge. The perfect single metric helping you navigate your financial future and how it supports you living your best life. As soon as you load in your data – you’ll see your WealthSPEED and some other great insights, such as WealthCLOCK as well. Check Out The Full Features List Everything you Need (and nothing you don't) in One, Easy-to-Use Financial Platform. All the tools you need to live your best life are here in Moorr. Frequently Asked Questions What is Moorr? Designed by experienced and subject matter professionals in the disciplines of Money management, Finance & Debt management and Residential Property. Moorr is a Lifestyle-by-design platform that helps you plan out your future and master the science and art of managing your finances to help you live your full & best life. Offering a range of proven tools and features and an ever-increasing range of next-gen tools and insights, Moorr will become your platform of choice to help you organise your and plan out your life, by helping track, manage, report and store in the cloud your progress, as it relates to your personal and financial goals.There is no comparable platform on the market like it. An all-in-one solution that goes beyond simple budgeting and cashflow management. If you’re looking to create financial peace, and your Lifestyle-By-Design, the Moorr platform can help you get there. GET TO KNOW MOORR Is Moorr Secure? We understand the need to protect your data and we take this job very seriously.Your Moorr account is protected by two-factor authentication (2FA) via SMS, Google Authenticator and email (depending on your preference)and complies with security best practices according to the OWASP (Open Web Application Security Project). We’ve also enforced all methods of authentication (identifying and verifying users), and authorisation (only allowing permission users to access information) protocols in the platform while encryption is used on both the networking and database levels. For your part in keeping your data safe, we strongly recommend you use a high-level and complicated password for additional security – so consider avoiding simple text and number passwords (that means thinking twice about using birthdays!). We recommend passwords include: • At least 1 upper case alphabet • At least 1 lower case alphabet • At least one number • At least one character We also understand that situations can change. So if you decide to cancel your Moorr account we’ll be sad to see you go, but as you leave we’ll fully delete your account and erase your data from the platform. Is Moorr available on Both Desktop and Mobile? Yes! As a platform, we offer users access to both the Desktop (web) as well as via mobile through IOS and Android. We are pleased to be one of a very exclusive list of providers, offer free account creation and access on both desktop and mobile.Furthermore, we have made a pledge to our Moorr community that certain features, such as the existing MoneySMARTS tool, our existing MyGOALS tool, our existing MoneyFIT & MoneySTRETCH, our WealthSPEED and WealthCLOCK and the general budgeting and finance tools will be available free of any charges or fees. Are all your Tools and Features available on both desktop and mobile? No not all tools and features are available in both environmentsWe feel like some tools we designed are best suited to certain screen realestate, meaning some insights are best explained on a bigger screen so we make it easy for you to use, interact with, and make sense of your numbers on your desktop Moorr account, whilst some tools and features are better suited to a mobile, on-the-go type of use case.That said, all the tools and features we judge as fundamental to the Moorr platform serving is community of users will be available on both desktop and mobileFor the is of what tools and features are available – click here to review our full list of features Is Moorr for Australians Only? Yes.The taxation calculations within Moorr only support the Australian taxation system. This means that Moorr’s financial dashboard and most of our widgets are calculated using Australia’s latest tax rates.Whilst we know we have existing international users of Moorr, we cannot provide any customer service or support to those users in helping them correctly calculate their financials because, again we only use Australian tax rates, which put these users calculations out of balance. 90% of Australians say they’re good at managing money. Yet less than 5% of Australians retire wealthy. A little extra cash at the end of each month can feel like a win, but it isn’t the same as financial wellbeing.It’s easy to think you’re on top of your money management now, but can you confidently say you know exactly what your future will look like down to the last dollar? Now you can… GET STARTED NOW GET STARTED NOW *It’s 100% free. No Strings Attached.

Hi! How can we help Today? Get quick and comprehensive information on various topics related to our product/services. If you have any specific queries, our support team is here to assist you. What is Moorr? Designed by experienced and subject matter professionals in the disciplines of  Money management, Finance & Debt management and Residential Property. Moorr is a Lifestyle-by-design platform that helps you plan out your future and master the science and art of managing your finances to help you live your full & best life. Offering a range of proven tools and features and an ever-increasing range of next-gen tools and insights, Moorr will become your platform of choice to help you organise your and plan out your life, by helping track, manage, report and store in the cloud your progress, as it relates to your personal and financial goals.There is no comparable platform on the market like it. An all-in-one solution that goes beyond simple budgeting and cashflow management.  If you’re looking to create financial peace, and your Lifestyle-By-Design, the Moorr platform can help you get there. GET TO KNOW MOORR Is Moorr Secure? We understand the need to protect your data and we take this job very seriously.Your Moorr account is protected by two-factor authentication (2FA) via SMS, Google Authenticator and email (depending on your preference)and complies with security best practices according to the OWASP (Open Web Application Security Project). We’ve also enforced all methods of authentication (identifying and verifying users), and authorisation (only allowing permission users to access information) protocols in the platform while encryption is used on both the networking and database levels. For your part in keeping your data safe, we strongly recommend you use a high-level and complicated password for additional security – so consider avoiding simple text and number passwords (that means thinking twice about using birthdays!). We recommend passwords include: • At least 1 upper case alphabet • At least 1 lower case alphabet • At least one number • At least one character We also understand that situations can change. So if you decide to cancel your Moorr account we’ll be sad to see you go, but as you leave we’ll fully delete your account and erase your data from the platform. Is Moorr available on both Desktop and Mobile? Yes! As a platform, we offer users access to both the Desktop (web) as well as via mobile through IOS and Android. We are pleased to be one of a very exclusive list of providers, offer free account creation and access on both desktop and mobile.Furthermore, we have made a pledge to our Moorr community that certain features, such as the existing MoneySMARTS tool, our existing MyGOALS tool, our existing MoneyFIT & MoneySTRETCH, our WealthSPEED and WealthCLOCK and the general budgeting and finance tools will be available free of any charges or fees. Are all your Tools and Features available on both desktop and mobile? No not all tools and features are available in both environmentsWe feel like some tools we designed are best suited to certain screen realestate, meaning some insights are best explained on a bigger screen so we make it easy for you to use, interact with, and make sense of your numbers on your desktop Moorr account, whilst some tools and features are better suited to a mobile, on-the-go type of use case.That said, all the tools and features we judge as fundamental to the Moorr platform serving is community of users will be available on both desktop and mobileFor the is of what tools and features are available – click here to review our full list of features Is Moorr for Australians Only? Yes.The taxation calculations within Moorr only support the Australian taxation system. This means that Moorr’s financial dashboard and most of our widgets are calculated using Australia’s latest tax rates.Whilst we know we have existing international users of Moorr, we cannot provide any customer service or support to those users in helping them correctly calculate their financials because, again we only use Australian tax rates, which put these users calculations out of balance. Browse by Category What's NewFresh out of the oven! All the newly released features we've just rolled out on Moorr. Coming SoonAll the upcoming cool and exciting features we've got in store for you on Moorr! Product OverviewWhat does the product or feature really do, and how can you make it work for you? In the MediaSeen us before? That's not a surprise! We've been around. Educational ContentHelpful tips and tricks on property, finance and money. How tosNot sure how to enter a figure or record something in Moorr? Check this out. Release NotesIf you're a Moorr super user and is excited with all the nitty gritty of our updates, this is for you. Which Journey Are You On? Moorr is like having a high-speed, personal financial advisor in the palm of your hand. Here’s how you can start taking complete control of your money and go from “I think I’m good with money” to “I know I’m moving towards financial wellbeing”. Implementing Money SMARTS via MoorrFind out about our 7 Steps Process here and how to best use Moorr for Money SMARTS! Supercharge Your Surplus MoneyHow would you set up Moorr to trap your every dollar and build wealth Rapid HomeDeposit SaverTips on how you can save for a home deposit as quickly as possible! Credit Card SurvivorStep-by-step through the process of recovering from credit card debt and regaining control of your finances. Slash & Burn your MortgageKeen to pay off your mortgage as quickly as possible and become debt-free? Check this one out! New to Moorrvia WebappLearn how to get started on Moorr via your computer! New to Moorrvia Mobile AppWant to get Moorr on your fingertips? Step by step guide over here! New to Moorr(Empower Wealth)Need to activate Moorr for Empower Wealth? This is what you're looking for! Need more help? Had enough of trying everything else? Just keen to have a yarn with a real, living, most likely human being? No worries! We're here to lend a hand with any questions, concerns, or issues you've got. Our Support Team is stoked to tackle any queries you've got about Moorr. Whether you're battling to sort out tricky expenses, reckon you've found a bug, or perhaps you've got a great idea for the app, we're all ears! Contact Support

Who are we? ‘We’, ‘us’ and ‘our’ refer to the Empower Wealth Group of Companies consisting of: Integrated Pathways Pty Ltd , trading as Empower Wealth. This company is the parent entity providing operational and support services to the group of companies under Empower Wealth. Empower Wealth Mortgage Advisory Pty Ltd. This company is a Mortgage Broking & Finance Advisory business. This entity holds an Australian Credit Licence: ACL No: 428266 and is a member of the Australian Finance Group & Mortgage & Finance Association of Australia (MFAA) Empower Wealth Financial Services Pty Ltd. This company is a Financial Planning Business. This entity is an Authorised Representative of Integrated Pathways Financial Services Pty Ltd, operating under an Australian Financial Services License No: 536049. Empower Wealth Buyers Advocates Pty Ltd This company is a Licensed Real Estate Agency in Victoria, operating under Licence No: 076671L, New South Wales, under Licence No: 10085844, Queensland under Licence No: 3951664 and South Australia under Licence No: RLA 270826. This entity offers Buyers & Vendor Advocacy services and other property related services. Empower Wealth Advisory Pty Ltd. This Company is responsible for the development of our proprietary software tools and our property investment advisory services. This company is a member of the Property Investment Professionals of Australia (PIPA). Empower Wealth Education Pty Ltd. This company is responsible for providing education relating to property, investment property and other subjects relating to wealth creation. Empower Wealth Tax & Personal Accounting Pty Ltd. This company is responsible for providing tax and personal accounting services. Select Residential Property Pty Ltd. This company is responsible for direct residential property data and research tools and services. Integrated Pathways (Empower Wealth) is the majority shareholder of this company. Our commitment to protect your privacy We understand how important it is to protect your personal information. This document sets out our privacy policy commitment in respect of personal information we hold about you and what we do with that information. We recognise that any personal information we collect about you will only be used for the purposes we have collected it or as allowed by law. It is important to us that you are confident that any personal information we hold about you will be treated in a way that ensures protection of your personal information. Our commitment in respect of personal information is to abide by the Australian Privacy Principles for the protection of personal information, as set out in the Privacy Act and any other relevant laws. Personal information When we refer to personal information, we mean information from which your identity is reasonably apparent. This information may include information or an opinion about you. The kinds of personal information we may collect about you include your name, date of birth, address, account details, occupation, tax file number and any other information we made need to identify you or provide goods or services to you from time to time. If you are applying for finance, we may also collect the ages and number of your dependents and cohabitants, the length of time at your current address, your employment details and proof of earnings and expenses. If you apply for any insurance product through us, we may also collect your health information. We will only collect health information from you with your consent. The personal information we collect and hold about you may include credit information. Credit information is information which is used to assess your eligibility to be provided with finance and may include any finance that you have outstanding, your repayment history in respect of those loans, and any defaults. Usually, credit information is exchanged between credit and finance providers and credit reporting bodies. If you want to purchase any of our services, we may also need to collect your payment information. We will also collect this information if we need to make payments to you. If you apply for employment with us, we will collect information about your work history and ask your referees about you. Why we collect your personal information We collect personal and financial information for the purposes of assessing your application for finance and managing that finance. We may also collect your personal information for the purposes of direct marketing and managing our relationship with you. From time to time, we may offer you other products and services. If you apply for employment with us, we will collect information about you to assist us to decide whether to appoint you. We collect payment information if necessary, in order to process your payments. To enable us to maintain a successful business relationship with you, we may disclose your personal information to other organisations that provide products or services used or marketed by us. The types of organisations to which we are likely to disclose information about you include other mortgage intermediaries, lenders, valuers, lenders mortgage insurers, surveyors, accountants, credit reporting bodies, recoveries firms, debt collectors and lawyers. How do we collect your personal information? We collect information from you in several ways and we will ask for your consent to do so in the first instance: We collect your information when you provide us your information via our website (empowerwealth.com.au) or via our cloud based Platform called Moorr, when you enter your information into the platform. If you engage one of our services, Employer Wealth Staff may record and save information to your record on the Platform or within our Customer Relationship Management (CRM) software. While we do not use browsing information to identify you personally, we may record certain information about your use of our website, such as which pages you visit, the time and date of your visit and the internet protocol address assigned to your computer. We may also use ‘cookies’ or other similar tracking technologies on our website that help us track your website usage and remember your preferences. Cookies are small files that store information on your computer, TV, mobile phone or other device. They enable the entity that put the cookie on your device to recognise you across different websites, services, devices and/or browsing sessions. You can disable cookies through your internet browser but our websites may not work as intended for you if you do so. ​We may collect your personal information directly from you either face to face or via video or audio conferencing. ​We may collect information from you via documents you send us or upload into the document area of our Platform. ​We may also collect your personal information from credit reporting bodies, finance brokers and other people such as accountants, lawyers and referees in our efforts to service your needs and/or to formally validate your information against what you provided us verbally or online. Do we disclose your personal information? We may disclose your personal information: to prospective funders/lenders, lenders mortgage insurers, the ATO and credit reporting bodies or other intermediaries in relation to your finance requirements (Note: this will only occur with your authorisation); to companies that provide software and infrastructure systems to us; to our related operations such as The Property Couch and Select Residential Property (Note: The provision of this information will be for marketing purposes only); to anybody who represents you, such as finance brokers, lawyers, financial planners and accountants (Note: this will only occur with your authorisation); where we are required to do so by law, such as under the Anti-Money or Laundering and Counter Terrorism Financing Act 2006 (Cth) or in accordance with a subpoena or summons issued by a court. Credit information We may collect the following kinds of credit information and exchange this information with credit reporting bodies and other entities (with your consent): credit liability information about your existing finance which includes but is not limited to the name of the credit provider, whether the credit provider holds an Australian Credit Licence, the type of finance, the day the finance is entered into, the terms and conditions of the finance, the maximum amount of finance available, borrowing capacity and the day on which the finance was terminated; repayment history information which is information about whether you meet your repayments on time; information about the type of finance that you are applying for; default and payment information; and court proceedings information. We exchange this credit information for the purposes of assessing your application for finance, managing that finance and any outstanding liabilities to us. This credit information may be held by us in electronic form on our secure data servers or may also be held in paper form in secure lockable cabinets. We may use cloud storage to store the credit information we hold about you. If or when we obtain credit information from a credit reporting body about you, we may also seek publicly available information and information about any serious credit infringement that you may have committed. Notifiable matters The law requires us to advise you of ‘notifiable matters’ in relation to how we may use your credit information. You may request to have these notifiable matters (and this privacy policy) provided to you in an alternative form. We exchange your credit information with credit reporting bodies and/or debt collection companies. We use the credit information that we exchange with the credit reporting body and/or debt collection companies to assess your creditworthiness, assess your application for finance, manage your finance or any outstanding liabilities with us. If you fail to meet your payment obligations in relation to any finance that we have provided or arranged or you have committed a serious credit infringement then we may disclose this information to a credit reporting body and/or debt collection companies. You have the right to request access to the credit information that we hold about you and make a request for us to correct that credit information if needed. Please see the heading Access and correction to your personal and credit information below. Sometimes your credit information will be used by credit reporting bodies for the purposes of ‘pre-screening’ credit offers on the request of other credit providers. You can contact the credit reporting body at any time to request that your credit information is not used in this way. You may contact the credit reporting body to advise them that you believe that you may have been a victim of fraud. For a period of 21 days after the credit reporting body receives your notification the credit reporting body must not use or disclose that credit information. You can contact any of the following credit reporting bodies for more information: veda.com.au dnb.com.au experian.com.au Direct marketing From time to time, we may use your personal information to provide updates on finance, property, taxation, and financial services, as well as relevant offers, organisational changes, or new products and services. Our objective is to deliver information aligned with your interests and needs. Your information may be shared within our group of companies and with trusted partners to enhance our service delivery and for educational and marketing purposes. We will retain your information for these purposes until it is no longer required or until you opt out of receiving further communications. You may withdraw your consent at any time by notifying us on our helpdesk at www.moorr.com.au/support or by phoning us on 03 9326 8900. If the direct marketing is by email or text message, you may also use the unsubscribe function. We will not charge you for giving effect to your request and will take all reasonable steps to meet your request within a reasonable time frame. If you have any questions or require further assistance, please contact us using the details provided. Updating your personal information It is important to us that the personal information we hold about you is accurate and up to date. During the course of our relationship with you we may ask you to inform us if any of your personal information has changed. We encourage you to update your information on Moorr whenever important personal or financial information changes occur with you. You can also contact us via our helpdesk at www.moorr.com.au/support and we will assist you with updating your information. Access and correction to your personal and credit information Again, most of the personal information that we hold about you will be kept under Moorr. You will have access to this information via your own username and password and you can update it at any time. We will provide you with access to any other personal, financial and credit information we hold about you. You may request access to any of the personal information we hold about you at any time. We may charge a fee for our costs of retrieving and supplying the information to you. Depending on the type of request that you make we may respond to your request immediately, otherwise we aim to respond within 30 days of receiving your request. We may need to contact other entities to properly investigate your request. There may be situations where we are not required to provide you with access to your personal information, for example, if the information relates to existing or anticipated legal proceedings, or if your request is vexatious. An explanation will be provided to you if we deny you access to the personal information we hold about you. If any of the personal information we hold about you is incorrect, inaccurate or out of date you may request that we correct the information. If appropriate we will correct the personal information at the time of the request. Otherwise, we will provide an initial response to you within seven days of receiving your request. Where reasonable, and after our investigation, we will provide you with details about whether we have corrected the personal information within 30 days. We may need to consult with other entities as part of our investigation. If we refuse to correct personal information, we will provide you with our reasons for not correcting the information. Using government identifiers When we collect government identifiers, such as your tax file number, we do not use or disclose this information other than as required by law or to conduct any Tax work you engage us to perform on your behalf. Business without identifying you In most circumstances it will be necessary for us to identify you in order to successfully do business with you, however, where it is lawful and practicable to do so, we will offer you the opportunity of doing business with us without providing us with personal information, for example, if you make general inquiries about interest rates or current promotional offers. How safe and secure is your personal information that we hold? We will take reasonable steps to protect your personal information by storing it in a secure environment. We may store your personal information in electronic form on our secure servers, and it may also be held in paper form in secure lockable cabinets. We will also take reasonable steps to protect any personal information from misuse, loss and unauthorised access, modification or disclosure. Data recorded in Moorr is stored in data centres located within Australia. There are also instances when we share data, it may be transferred to, and processed outside of Australia. Some data is stored within 3rd party software suppliers, where external access is prevented; and cloud service providers whose servers are located outside of Australia. Personal data on servers operated by cloud service providers are protected by the appropriate safeguards, which are incorporated into our agreements with such cloud service providers. For further information, please contact us on our pelpdesk at www.moorr.com.au/support. Complaints If you are dissatisfied with how we have dealt with your personal information, or you have a complaint about our compliance with the Privacy Act, you may contact our complaints officer by email at: admin1@empowerwealth.com.au. We will acknowledge your complaint within seven days. We aim to provide you with a decision on your complaint within 30 days. If you are dissatisfied with the response of our complaints officer you may make a complaint to our External Dispute Resolution Scheme, the Australian Financial Complaints Authority (AFCA) which can be contacted on either www.afca.com.au or 1800 931 678 or the Privacy Commissioner which can be contacted on either www.oaic.gov.au or 1300 363 992. Further information You may request further information about the way we manage your personal or credit information by contacting us on our Helpdesk at www.moorr.com.au/support. Changes in our privacy policy We are constantly reviewing all of our policies and attempt to keep up to date with market expectations. Technology is constantly changing, as is the law and market place practices. As a consequence, we may change this privacy policy from time to time or as the need arises. You may request this privacy policy in an alternative form. This Privacy Policy came into existence on 11 April 2014 and was last updated on 1 July 2022.