Australian Federal Budget 2025 | Tammy Barton from MyBudget responds
The 2025 Australian Federal Budget is here, and finally, some relief. With cost-of-living pressures weighing heavily on Aussie households, this year’s announcements come with a welcome breath of fresh air. Tax cuts, energy rebates, cheaper medicine… It all sounds great. But what does it actually mean for your money?
MyBudget Founder Tammy Barton has shared her take on the Federal Budget’s key announcements, more importantly, how to make sure those extra dollars don’t just vanish into the weekly grocery shop..
“The latest federal budget includes some much needed cost-of-living relief and for many Australian families, that could make a real difference,” said Tammy..
Let’s break down what’s on offer, and how to make it work harder for your financial future.
What’s in the 2025 federal budget?
The government’s latest budget is designed to support working families, low-income earners, pensioners, and students, those doing it tough in the current economic climate. Here’s a look at the major money boosts:
- Tax cuts: By 2027–28, average earners will receive over $2,000 a year in tax relief
- Energy rebates: Every household will receive an extra $150 off their power bills this year, with extended rebates running until December 2025
- Cheaper medicines: PBS co-payments are dropping from $31.60 to $25 per script. Bulk-billing incentives are also increasing, making GP visits more affordable
- Medicare levy changes: Lower Medicare levy, and the new thresholds can mean more Australians will avoid paying the Medicare levy altogether
- Student debt relief: Up to 20% of HELP debts will be wiped, removing $16 billion in debt for over 3 million people.
According to Treasurer Jim Chalmers, this is a budget for “the families of middle Australia.” He’s estimating the average household could be saving $15,000 over the next four years.
But wait! Don’t let your savings disappear
While all of that sounds promising, Tammy Barton has a gentle warning: without a solid plan, those savings can disappear fast.
“Here’s the thing to keep in mind: savings like this can disappear fast if there’s no plan behind them,” she says. “The only way to get ahead and stay ahead, particularly when cost-of-living pressures are high, is to have a budget.”
This is where MyBudget steps in. It’s not just about managing money, it’s about turning short-term relief into long-term financial security.
Make the most of your budget wins
For over 25 years, MyBudget has helped more than 130,000 Australians reduce money stress, pay off debt, build savings, and set up strong financial foundations. If this year’s federal budget has you wondering how to best use your tax cut or rebate, we can help make sure that money actually moves the needle on your long-term goals.
We do the heavy lifting:
- Paying bills on time
- Setting up savings strategies
- Keeping your finances organised and on track
So you can focus on life, not money worries.
Now’s the perfect time to take advantage of what the Federal Budget offers and transform those wins into something meaningful.
Book your free, no-obligation appointment with MyBudget today
Our Personal Budgeting Specialists will tailor a 12-month plan to suit your unique situation and provide ongoing support to help you reach your financial goals. Enquire online or call us now on 1300 300 922. Imagine where your finances could be a year from today!