PENNYSAVER APP

Achieve your savings goals sooner with the PennySaver App. You'll have access to a powerful set of tools that will streamline the way you budget and save. Our budget calculator will help you create a personalised budget that fits your lifestyle and financial goals. You can set multiple savings goals and track your progress with ease, giving you the motivation you need to stay on track.

Reach your Financial Goals

PennySaver is a simple app that helps you work out your budget, set up savings goals and keep track of your spending. Whether you're saving for something big or just want to see where your money goes, PennySaver has got your back. Get started and make the most out of every penny! Give PennySaver a go today.

PENNYSAVER APP

How to Sign Up to PennySaver

To sign up and start using PennySaver

Select the button "Sign Up Now" button
Choose a unique username. Make sure your username is unrelated to you. Do not choose your email, nickname, real name or anything that can personally identify you.
Set a 4-digit passcode and click the "Create" button.
Upon completion, you'll receive a set of key phrases for account recovery. Make sure to note down and store this phrase securely as you cannot recover your account without it.

Do not use your personal details when creating an account. To protect your privacy, we do not collect or store any personal data, such as emails or names. This will ensure a greater degree of anonymity for our users and reduce potential security risks.

Save PennySaver on your Device

PennySaver can be accessed directly from the home screen of either your Apple or Android device by saving the webpage to your home screen. Saving the web app to your home screen provides quick and easy access to update your goals or budget anytime.

Apple Device

Open Safari and open the PennySaver app URL.
Tap the 'Share' button (it looks like a box with an arrow pointing upwards)
Scroll down and tap 'Add to Home Screen'
Name the app as you wish and then tap 'Add' in the top-right corner
The app icon will now appear on your home screen, giving you quick access

Android Device

Open Chrome (or your preferred browser) and navigate to the PennySaver app URL
Tap on the three vertical dots (menu) in the top-right corner
Select 'Add to Home screen'
Name the app as you desire, then tap 'Add'
The app icon will now be on your home screen, allowing for easy access

Common FAQs

App Signup and Login Process

1Why don't you require an email or your real name for signup?

Our priority is user privacy. We do not collect or store any personal data, such as emails or names. This will ensure a greater degree of anonymity for our users and reduce potential security risks.

2I forgot my 4-digit passcode. How can I recover my account?

If you forget your 4-digit passcode, you'll need to enter the set of key phrases given to you when you signed up. This phrase is essential to regain access, so please keep it safe. We do not use email-based recovery methods for privacy.

3How do I get a username for PennySaver?

When signing up for PennySaver, you'll be prompted to create your own unique username. Remember to choose a username that doesn't include any personal details such as your real name or email address to ensure your privacy on our platform. If your chosen username is already in use, you'll need to come up with a different variation or a completely new one.

4How do I log into my account?

To log in, input your username and your 4-digit passcode. Then select the button.

5Can I recover my account?

You can only recover your account if you know your key phrases. Using a unique set of key phrases for account recovery provides a more secure layer of protection for our users since we do not store your personal information such as emails or real names.
Email-based recovery methods can be more vulnerable to hacking or phishing attempts, so these are not able to be used to recover your account.

6How do I ensure I don't lose access to my account?

Store your username, 4-pin passcode, and the recovery phrase securely. We recommend writing them down and keeping them in a safe place, or using a trusted digital password manager. If you lose your username and passcode, you cannot recover your account.

7If someone discovers my username and 4-pin passcode, can they access my account?

While the username and 4-pin passcode grant access to the app, it's essential to keep them confidential. If someone tries to reset the account or change the passcode, you can retrieve your account by using the phrase provided during signup, adding another layer of security.

8If someone gains access to my account, will they know who I am?

Our app is designed with privacy in mind. We do not store personal identifiers such as names or emails connected to your username. While they may see your financial goals and budget information, they will not have access to personally identifiable information.

9What should I do if I suspect someone has gained unauthorised access to my account?

If you suspect any unauthorised access, please change your 4-pin passcode immediately.

Using the PennySaver App

1What’s the benefit of a goal saving app benefit?

A goal saving app provides a structured way to identify, set up, track, and achieve financial goals. Whether you're saving for a holiday, a deposit for a house, or building an emergency fund, having a visual and systematic approach can increase your chances of success. You set the goals based on your needs and wants and priorities.

2How does setting financial goals benefit me in the long run?

Setting financial goals gives you direction and purpose. It can help reduce unnecessary spending, encourage better financial habits, and provide a sense of accomplishment when you achieve those goals, whether they're short-term or long-term.

3If PennySaver doesn't connect to bank accounts, how can it help me with budgeting?

PennySaver provides tools, templates, and guidance to help you set, track, and achieve your financial goals. By manually entering your financial data, you gain a better understanding of your spending habits and can make informed decisions based on the insights provided by the app.

4Does PennySaver only focus on day-to-day expenses?

While daily expenses are a component, PennySaver also helps you plan for larger, infrequent expenses like annual insurance premiums, holidays, or car maintenance. This ensures you're prepared for both routine and irregular costs.

5What if I make a mistake in my data input?

The app is designed to be user-friendly, allowing easy edits and corrections. If you ever input the wrong amount or need to update a transaction, simply navigate to the entry and make the necessary changes. You can update anytime.

6How can these apps help with debt management?

Budgeting apps often allow you to track and manage spending which helps manage your debts by showing you how much you owe and a schedule for repayment. By understanding your spending and setting goals, helps you to create a plan to reduce and eventually eliminate your debts.

7Can these apps help me prepare for unforeseen expenses?

Yes. A significant benefit of budgeting and goal-saving is building an emergency fund. By regularly setting aside money, you'll be better prepared for unexpected costs, reducing the need to rely on credit.

8What is BNPL?

BNPL stands for “Buy Now, Pay Later." It is a service that allows consumers to purchase items immediately and defer the payment to a later date, often through a series of payment instalment payments. BNPL is offered through third-party financial service providers. While it provides flexibility to consumers, it's essential to understand the contract terms, as there might be interest rates or fees associated if payments are not made on time.

9What happens to the information I input into PennySaver?

Your data is securely stored on our dedicated server managed through WP Engine. We employ various security measures to ensure that your data is kept safe and confidential.

Accessing and Saving the Web App

1How do I access the PennySaver app?

The Penny Saver app has been created as a web app, which means you can access it directly from the internet using any web browser on your smartphone or tablet for free - you do not need to download it from an app store or app marketplace. The app has been designed for mobile and tablet devices, so we recommend you do not access the app via a computer.
The Penny Saver app can be found and accessed here: https://pennysaver.adfconsumer.gov.au

2How can I add the web app to my mobile and tablet device home screen?

Adding the web app to your home screen offers convenience and a more app-like experience. It allows you to quickly access the app without needing to open a browser and navigate to the website every time. This will allow you to gain quick and easy access to the app on a regular basis to keep your budget and goals updated to contribute to achieving your financial goals.

3Do I need an internet connection to use the Penny Saver app once it's saved on my home screen?

Yes, an active internet connection is required for the app to function.

4Can I use the web app on my desktop or laptop?

The app is best used and accessed using a mobile or tablet device.

Privacy and Security

1Does the PennySaver app connect to my bank account?

No, we have designed the app for the utmost privacy and security of our users, not to connect directly to bank accounts. We prioritise your financial safety and believe in minimising any risks related to data breaches or unauthorised access. By not connecting to any bank accounts we can reassure you that we do not have access to any of your personal financial data and accounts.

2How do I input my financial data into the app?

You manually input your financial data, such as income, expenses, and savings. You can add additional spending on the go.This approach not only ensures your security but also encourages a more hands-on approach to knowing what you spend, budgeting and understanding your finances.

3How do you ensure the data I input is safe?

We use state-of-the-art encryption and security measures to protect the data you input. We don't connect to your bank, we don’t get your name or email and we always take your data privacy very seriously so that it’s safe.

4How do I know my budgeting and goals are accurate if everything is manual?

Accuracy depends on you! Regularly updating and checking your inputted data will ensure accuracy. Things change in our lives every day, so manual entry encourages you to think about things and gives a deeper understanding of your finances, making you more mindful of your financial habits. Even though you manually input your information, the app is set up to calculate totals to help the process.

5Is my data shared with any third parties?

We do not share your personal or financial data with any third parties. Your privacy is our top priority.

Delete My Account

1How can I delete my account?

Under the account information, there is a button to delete your account. This will delete your username and all associated data from the database. Once you have deleted your account, your information cannot be retrieved.

2Should I ever delete my account?

You should delete your account if you do not intend to use your account anymore, have not used it for more than 12 months or if you think someone else has accessed your account.

3 Can I reset my account?

Yes, you can reset your budget or your savings goals anytime. There is a reset button within the app and that will clear all data with your app as well as in the database.

4What happens if my account is not used for a long period of time?

If you do not access or use your account for a period of 12 months, your account will be deemed inactive. To protect user data and your account, all inactive accounts will be deleted after a period of 12 months of inactivity. Accounts deleted cannot be retrieved.

5If my account has been deleted, can I create a new one?

Absolutely! If your previous account was deleted due to inactivity, you're welcome to create a new one and start fresh.Your new account will not have any information in it from your previous account.