Set up your budget

The first step is to set up your budget. Before you start, it’s important to understand your spending. A great way to do this is to track your expenses, so you can see exactly where your money is going and how much is left over. You can track your spending in the NAB app or NAB Internet Banking. You can also use our budget calculator to help you stay on top of your monthly expenses.

If you’re new to budgeting, learn the basics of how budgeting works.

Manage your spending

Once you’ve worked out your budget, buy now pay later services can be a useful tool for ‘smoothing out’ your spending, particularly for larger purchases like a car service or an annual insurance premium.

It allows you to split the total cost of a purchase into smaller repayments over a few weeks. The cost is broken down into easy-to-manage instalments, so you don’t need to stress about paying the total amount up front. Buy now pay later services usually have an account limit. If you’re already paying off a purchase, this will reduce the amount you can spend.

With NAB Now Pay Later you can split the cost of a purchase into four fortnightly repayments. NAB Now Pay Later doesn’t come with any interest charges, monthly account fees or late fees. If you use NAB Now Pay Later, we’ll send you a reminder the day before your next repayment is due to help keep you on track.

Learn more about how NAB Now Pay Later works.

Plan your repayments

Buy now pay later repayments are usually due every second week. This means you can make sure repayments fit within your budget.

For example, if your salary is paid fortnightly, consider timing a buy now pay later purchase so that each repayment is due after you get paid. That way you can account for it in your budget each fortnight until your purchase is paid off and be confident you’ll have the money ready in your linked account to cover each instalment.

Learn about managing your money

Our money tools and tips can help you budget and manage your money.

Get in touch

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Visit our personal banking contact page for FAQ’s and how-to-guides, help from our virtual assistant and contact numbers.

Visit a NAB branch

Visit us in person at your nearest NAB branch or business banking centre.

Terms and Conditions

The information contained in this article is intended to be of a general nature only. It has been prepared without taking into account any person’s objectives, financial situation or needs. Before acting on this information, NAB recommends that you consider whether it is appropriate for your circumstances. NAB recommends that you seek independent legal, financial and taxation advice before acting on any information in this article.

NAB recommends you consider the NAB Internet Banking terms and conditions document, before making any decisions regarding this product. This product is issued by National Australia Bank Limited. The NAB Mobile Banking app is compatible with Android and iOS, minimum platform requirements apply.

Target Market Determinations for these products are available at

Full terms and conditions will be available in the NAB app when applying for NAB Now Pay Later.