"/> Affordable Living SA | What would you do with 500 dollars for educational expenses?

What would you do with 500 dollars for educational expenses?

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6 February, 2018

The cost of getting your kids ready for the school year seems to increase every year. Books, uniforms and even young sporting or musical aspirations can have a huge impact on the family budget. Computers have become the big-ticket item that has added to traditional education needs and "bring your own technology" is the new buzz words for saying "you’ll need to pay for these required technologies from your own pocket".

These extra costs at the start of the year combined with the recent flurry of Christmas credit card spending can see many families disappearing further down the financial black hole of debt. The Affordable SA Helpline has as you would expect been flooded with calls from families in need of assistance, many regarding managing these extra educational costs.

Highly recommended by our Financial Counsellors is the Saver Plus Program made possible by ANZ Bank and local community organisations (supported by the Australian Government). Saver Plus is a matched savings and financial education program and provides an opportunity to have every dollar saved (up to $500) matched with an additional dollar for your own family’s education-related expenses.

You may be eligible to join Saver Plus if you or your partner:

  • have a Health Care Card or Pensioner Concession Card
  • have some regular income from work
  • are at least 18 years old and are a parent or guardian of a child at school or are doing a vocational training course yourself.

The program will set a 10-month savings goal with help from your Saver Plus Worker after you open an ANZ Progress Saver account.

The program also includes 10 hours of fun, informal financial education workshops.

If you successfully complete the program, ANZ matches your savings dollar-for-dollar, up to $500. This money can be used for education costs (either your children's or your own) such as computers, uniforms, books and sports equipment.

Over 32 000 people have previously participated in the program which is available in 60 locations around Australia. The Smith Family manages the program in South Australia with several face-to-face “Saver Plus” workers in locations around Adelaide to assist you in every aspect of the program. These locations are:

- Adelaide Northern region.

- Port Adelaide, Enfield and Charles Sturt.

- Salisbury and Playford.

- South Adelaide

To access the program please phone 1300 610 355 or SMS your name and postcode to 1300 610 355 or e-mail saverplus@bsl.org.au

You can find more information about this program and other cost of living services that can assist you on the Affordable SA suite of services via the Affordable SA app, website and Helpline. Or mingle with us at http://www.facebook.com/affordableSAapp/

Please remember. If you are struggling with debt a Financial Counsellor can help you take control.

Financial counselling is free, confidential and independent. These services are provided by not-for-profit, community-based services and available to people in Australia experiencing financial difficulty. See the Affordable SA App "Financial Counselling" for more details or phone the Affordable SA Helpline on 1800 025 539.

SaverPlus_factsheet_2017-2.pdf https://affordablesa.com.au/programs/money-finances/saver-plus