How to manage your family’s money

We can help you to get on top of your family’s finances.

Plan and stick to a budget

Use the simple money manager to plan for regular items like:

  • the cost of child care
  • school uniforms and fees
  • weekly food bill
  • electricity and phone bills
  • the cost of running your family car
  • vet bills.

What you spend on your children's education could be one of your family's biggest expenses. Education costs can add up quickly. Planning and saving is the key to meeting your goals.

Planning for unexpected costs, like car repairs or an emergency trip to the dentist can help you avoid a crisis.

The Australian Securities and Investments Commission’s (ASIC) MoneySmart TrackMySPEND app can help you keep an eye on your spending. It can help find little savings that can quickly add up.

Save for your and your family’s future

Planning is key to reaching your financial goals. When working out how you spend your money, you might see how you can start saving for big ticket items.

Having a savings buffer, no matter how small, can help you deal with whatever the future brings you.

Set a target that works for you. Then watch your savings add up. You can use the savings goal calculator to make a start.

Other help

There are many tools you can use to help you manage your family’s money.

Our payments and services

Centrepay is a free voluntary bill paying service. Deductions come from your Centrelink payments. You can use them to pay many types of bills, such as child care, electricity or rent.

The weekly payment option can allow you to get your income support payment weekly. This can help you if you find it hard to budget for a fortnightly payment. But you can’t get Family Tax Benefit paid weekly.

Use online tools

ASIC’s MoneySmart website has a parental leave calculator. Check it out if you’re having a baby and plan to take time off after their birth.

Sometimes it’s hard to keep your money on track after a divorce or separation. Use ASIC’s MoneySmart divorce and separation financial checklist to get your money on track.

If you need a fridge or other household appliances, check out the rent vs buy calculator. Renting may cost you more than you think.

Speak to someone

Our social workers can help you with counselling, support and information, during difficult times.

The National Debt Helpline offers free financial counselling. Don’t wait to call them if your money is worrying you.

It’s worth getting free expert advice to get a clear picture of your finances. You can use the find a counsellor map on the Financial Counselling Australia website to find help in your area.

Fair and affordable banking and loans

Check if you qualify for a no interest or low interest loan from Good Shepard Microfinance. These loans provide safe, fair and affordable credit for essential goods and services.

Saver Plus is a matched savings and financial education program, offered locally by community organisations in every state and territory. Read more about it on the Brotherhood of St Laurance website.

Related subjects

Page last updated: 3 May 2019

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