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Managing expenses

How do you juggle the costs of raising a family?

Being a parent can be exhausting. But financially you can make life easier. Setting up a budget and starting a regular savings plan will help you make sure you stay on track with your expenses. You may also be eligible for assistance from the government.

What you need to know

Benefits you may be eligible for as a young family include:

Benefit Summary

Means tested?

Baby bonus

A payment to help the costs of a new child. Available until 1 March 2014.

Yes

Paid parental leave

Provides up to 18 weeks of pay at the national minimum wage to eligible working parents

Yes

Child care benefit

To help families with the cost of child care

Yes

Child care rebate

To help with the cost of long day care, family day care, occasional care, outside school hours care, vacation care and registered care

No

Family Tax Benefit Part A

To help families with the cost of raising children

Yes

Family Tax Benefit Part B

To provide extra assistance to families with one main income including sole parents

Yes

Health care cards

Provides concessions on health care costs

Yes

Getting started

Determining whether you are eligible for benefits can be a difficult and time consuming process so make sure you have access to professional advice.

 

Did you know?

From the experts Putting off setting up a savings plan could make you miss out on thousands of dollars in interest due to the affects of compounding.


Your toolkit
Social security fact file
Budget calculator
Savings plan calculator


Count on us

A Count adviser can help you:
Understand whether you are eligible for benefits
Put in place a budget and regular savings plan

Find a Count adviser today.

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