Ahead.money
All scenarios

Save the deposit
or pay off the HECS?

Ahead runs both with your numbers and shows which one actually gets you further.

Should we throw $10k at my HECS or the house deposit?

Ahead

With indexation where it is and your deposit timeline, the deposit just wins this year. It's close:

  • $10k toward the deposit brings your target date forward about 7 months.
  • $10k off HECS saves roughly $310 in indexation over the year.
  • Your take-home barely changes either way, because HECS repayments are based on your income, not your balance.

Deposit path

7 months sooner

vs ~$310 HECS saving

What Ahead looked at

Your HECS balance and indexation
Income and compulsory repayments
Deposit goal and timeline
Savings rate across accounts

Worked example. Figures are illustrative, built from sample data to show how Ahead models a scenario. Ahead gives you a plan and a second opinion from your own numbers. It isn't a product recommendation.

What you can count on

  • Your bank data is shared read-only under Australia's Consumer Data Right (CDR).
  • Ahead is a CDR Representative of Fiskil, an ACCC-accredited CDR principal.
  • Hosted in Australia (Sydney). Your data never leaves the country.
  • We can't touch your money.
  • Revoke your consent in two taps. Cancel your subscription in two taps.
  • No ads. No data sold to anyone.

Now ask it about your money.

Connect your bank read-only and model this against your real numbers in about 60 seconds.

Download on the App Store More scenarios